Moran Wealth Management LLC purchased a new position in Sandisk Corporation (NASDAQ:SNDK – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 524 shares of the data storage provider’s stock, valued at approximately $333,000.
Several other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its stake in shares of Sandisk by 12.0% in the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after buying an additional 13 shares in the last quarter. Blair William & Co. IL increased its position in shares of Sandisk by 0.3% during the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after acquiring an additional 17 shares in the last quarter. Larson Financial Group LLC raised its holdings in Sandisk by 20.2% in the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock worth $52,000 after acquiring an additional 37 shares during the last quarter. Composition Wealth LLC raised its holdings in Sandisk by 0.4% in the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after acquiring an additional 41 shares during the last quarter. Finally, Westfuller Advisors LLC lifted its position in Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after acquiring an additional 43 shares in the last quarter.
Sandisk Trading Down 13.6%
SNDK stock traded down $237.32 during trading on Tuesday, reaching $1,507.11. The stock had a trading volume of 4,084,975 shares, compared to its average volume of 16,469,133. The stock’s 50 day moving average is $1,666.46 and its two-hundred day moving average is $958.11. The firm has a market cap of $223.19 billion, a PE ratio of 52.65 and a beta of 4.74. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39.
Key Sandisk News
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Analysts remain constructive, with multiple notes citing price targets as high as $3,000 and arguing that Sandisk still has room to run on strong AI-driven memory demand. Article Title
- Positive Sentiment: Sandisk recently began production of its 10th-generation 3D flash memory, which could support higher density, efficiency, and future revenue growth as AI storage demand stays strong. Article Title
- Positive Sentiment: Several commentaries say the memory shortage and AI infrastructure buildout remain intact, supporting the view that Sandisk’s strong earnings momentum may continue. Article Title
- Neutral Sentiment: Shares have already had a massive run in 2026, so some recent profit-taking and valuation concerns may be contributing to volatility even without company-specific bad news. Article Title
- Negative Sentiment: Samsung’s strong earnings are sparking a broader memory-sector rout, dragging Sandisk lower along with peers like Micron and Western Digital in premarket trading. Article Title
- Negative Sentiment: Some analysts and commentators warn that the recent rally may have gone too far and that the stock could be entering a more volatile, correction-prone phase. Article Title
Analysts Set New Price Targets
A number of analysts have commented on SNDK shares. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a report on Friday, May 1st. Citigroup lifted their price objective on Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Cantor Fitzgerald upped their target price on shares of Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,684.24.
Get Our Latest Stock Report on Sandisk
Insider Buying and Selling at Sandisk
In other news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,225 shares of company stock valued at $10,166,297 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.
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.
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