Founders Financial Securities LLC Purchases Shares of 1,199 Sandisk Corporation $SNDK

Posted by Francis Steltz on Jun 3rd, 2026

Founders Financial Securities LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,199 shares of the data storage provider’s stock, valued at approximately $285,000.

A number of other hedge funds have also modified their holdings of SNDK. Vanguard Group Inc. acquired a new position in shares of Sandisk during the 3rd quarter worth approximately $1,970,388,000. State Street Corp acquired a new stake in Sandisk during the 3rd quarter valued at $491,053,000. Geode Capital Management LLC increased its position in Sandisk by 44.9% during the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after buying an additional 1,133,276 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Sandisk during the third quarter worth $297,293,000. Finally, Norges Bank acquired a new position in shares of Sandisk in the fourth quarter worth $518,889,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Multiple articles highlighted Sandisk as a beneficiary of the AI memory supercycle, with analysts and commentators saying tight memory markets, strong pricing, and booming data center demand could keep supporting earnings and valuation. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
Positive Sentiment: Several bullish pieces said Sandisk remains one of the favored AI memory stocks, with some writers arguing the company is still undervalued despite its huge run and that analysts see additional upside ahead. After SanDisk’s Historic Run, Analysts Still See More Upside
Positive Sentiment: Sandisk was also cited as one of the top-searching and most-followed tickers in May, reflecting strong retail and trader interest that can help keep momentum in the stock. Is Sandisk Corporation (SNDK) One of the Top Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing?
Positive Sentiment: An article on 247WallSt called Sandisk its favorite stock idea, citing the AI data center buildout as a major tailwind for the company’s storage products. Why Sandisk Corporation Is My Favorite Stock Idea Right Now
Neutral Sentiment: Sandisk EVP Alper Ilkbahar sold 2,000 shares for about $3.5 million, a modest insider sale that may be viewed as routine profit-taking, though it can still add a little caution for investors. SEC filing
Negative Sentiment: One article noted that Sandisk’s stock and short interest are both at record highs, which suggests the move has become crowded and could invite volatility if sentiment shifts. SanDisk’s stock and short interest both at record highs – do the bears know something?

Insider Transactions at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,025 shares of company stock worth $7,871,897 in the last three months. Company insiders own 0.21% of the company’s stock.

Sandisk Stock Down 2.6%

Shares of NASDAQ:SNDK opened at $1,716.36 on Wednesday. The company has a market cap of $254.18 billion, a P/E ratio of 59.66 and a beta of 4.87. Sandisk Corporation has a 52 week low of $36.87 and a 52 week high of $1,804.00. The business has a fifty day simple moving average of $1,093.12 and a 200-day simple moving average of $657.86.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion for the quarter. During the same quarter last year, the company posted ($0.30) earnings per share. The business’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts expect that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SNDK. Morgan Stanley restated an “overweight” rating and issued a $1,100.00 price objective on shares of Sandisk in a research report on Monday, April 27th. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Cantor Fitzgerald upped their target price on shares of Sandisk from $1,400.00 to $1,800.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wedbush raised their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Evercore reiterated an “outperform” rating and set a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $1,368.73.

View Our Latest Research Report on SNDK

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.