Revere Asset Management Inc purchased a new stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,552 shares of the data storage provider’s stock, valued at approximately $606,000. Sandisk makes up approximately 0.2% of Revere Asset Management Inc’s holdings, making the stock its 20th largest position.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC acquired a new stake in Sandisk during the 3rd quarter valued at $1,136,000. Sage Rhino Capital LLC acquired a new stake in Sandisk during the 3rd quarter valued at $587,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Sandisk during the 3rd quarter valued at $3,652,000. Mutual of America Capital Management LLC acquired a new stake in Sandisk during the 3rd quarter valued at $1,735,000. Finally, Allworth Financial LP raised its stake in Sandisk by 84.2% during the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock valued at $1,073,000 after purchasing an additional 2,067 shares during the period.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on SNDK shares. Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Sanford C. Bernstein boosted their target price on shares of Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating and set a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,157.14.
Insider Activity
In related news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the sale, the director owned 2,900 shares of the company’s stock, valued at $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,525 shares of company stock worth $6,555,092 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.
Sandisk Price Performance
Sandisk stock opened at $1,478.69 on Tuesday. The company’s fifty day simple moving average is $999.79 and its 200-day simple moving average is $608.04. Sandisk Corporation has a 12 month low of $35.79 and a 12 month high of $1,600.00. The stock has a market cap of $218.98 billion, a P/E ratio of 51.40 and a beta of 4.82.
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion for the quarter. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. The company’s 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, equities research analysts expect that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.
Sandisk Profile
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.
Read More
- Five stocks we like better than Sandisk
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
- Microsoft Stock Discount May Be Ending as AI Catalysts Build
- Apparel Earnings Winners and Losers: Ralph Lauren Takes Off
- Why Walmart, Target and TJX Got Such Different Reactions After Earnings
Receive News & Ratings for Sandisk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandisk and related companies with MarketBeat.com's FREE daily email newsletter.
