Frank Rimerman Advisors LLC Purchases Shares of 1,743 Sandisk Corporation $SNDK

Posted by Francis Steltz on Jul 10th, 2026

Frank Rimerman Advisors LLC purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,743 shares of the data storage provider’s stock, valued at approximately $1,107,000.

Other large investors have also recently modified their holdings of the company. Richmond Investment Services LLC bought a new stake in shares of Sandisk in the 1st quarter valued at about $229,000. Axxcess Wealth Management LLC bought a new position in Sandisk during the 1st quarter worth approximately $525,000. Broussard Financial Group LLC bought a new position in Sandisk during the 1st quarter worth approximately $343,000. Childress Capital Advisors LLC purchased a new position in Sandisk in the 1st quarter worth approximately $400,000. Finally, Geneva Partners LLC purchased a new position in Sandisk in the 1st quarter worth approximately $1,058,000.

Sandisk Trading Up 7.6%

Shares of SNDK opened at $1,858.27 on Friday. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,354.39. The firm’s 50-day moving average price is $1,709.27 and its 200-day moving average price is $990.08. The firm has a market capitalization of $275.19 billion, a price-to-earnings ratio of 64.59 and a beta of 4.74.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same period in the previous year, the company earned ($0.30) earnings per share. Sandisk’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts forecast that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of analyst reports. Wells Fargo & Company increased their price objective on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. UBS Group set a $1,700.00 price target on shares of Sandisk in a report on Monday, May 4th. Zacks Research cut shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Mizuho increased their price target on shares of Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Finally, Susquehanna boosted their price objective on shares of Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,684.24.

View Our Latest Analysis on SNDK

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: SanDisk shares rallied after reports that Meta signed a multi-year NAND flash supply agreement, adding credibility to the company’s AI infrastructure growth story and signaling stronger demand for its storage products. SanDisk (SNDK) Shares Spike 10% on Multi-Year Meta Storage Partnership
Positive Sentiment: Wedbush raised its price target on Sandisk to $2,000 from $1,200 ahead of fiscal Q4 results, reflecting expectations for strong earnings and sales driven by tight NAND supply and improving demand. SanDisk set for earnings upside as Wedbush lifts price target
Positive Sentiment: Memory and storage stocks, including Sandisk, rebounded sharply after earlier weakness tied to Samsung-led sector selling, suggesting investors are buying the dip in the group. Micron, SanDisk recover after Samsung-led selloff; fresh catalysts add to sentiment
Neutral Sentiment: Sandisk announced it will report fiscal Q4 and full-year 2026 results on August 5 and hold an Investor Day on August 13, which keeps attention on upcoming execution and guidance but does not change fundamentals by itself. Sandisk to Report Fiscal Fourth Quarter and Fiscal Year 2026 Results on August 5, 2026; Announces Investor Day on August 13, 2026
Negative Sentiment: Some articles warned that the memory sector remains volatile and that Chinese domestic memory makers could pressure established vendors like Sandisk over time, which may limit upside if the rally fades. SanDisk and Micron Risk Profit Squeeze from Chinese Memory Threat

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the transaction, the insider owned 31,515 shares in the company, valued at $65,803,320. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,225 shares of company stock worth $10,166,297 over the last quarter. Insiders own 0.21% of the company’s stock.

Sandisk Company Profile

(Free Report)

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.