Childress Capital Advisors LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 630 shares of the data storage provider’s stock, valued at approximately $400,000.
Other institutional investors also recently modified their holdings of the company. Geneva Partners LLC acquired a new position in shares of Sandisk during the first quarter worth approximately $1,058,000. Horst & Graben Wealth Management LLC acquired a new stake in shares of Sandisk in the first quarter valued at approximately $164,000. R Squared Ltd acquired a new stake in shares of Sandisk in the first quarter valued at approximately $985,000. Resonant Capital Advisors LLC bought a new position in Sandisk in the 1st quarter worth approximately $276,000. Finally, Swedbank AB bought a new position in Sandisk in the 1st quarter worth approximately $20,560,000.
Analyst Ratings Changes
A number of research analysts have commented on SNDK shares. Bank of America increased their price objective on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Melius Research set a $2,350.00 target price on Sandisk in a research report on Monday, May 18th. Sanford C. Bernstein raised their price target on Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Mizuho boosted their price objective on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Finally, Susquehanna upped their target price 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 assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,684.24.
Sandisk Trading Up 6.8%
NASDAQ SNDK opened at $1,727.18 on Thursday. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39. The stock has a 50-day simple moving average of $1,692.15 and a 200 day simple moving average of $978.66. The company has a market capitalization of $255.78 billion, a PE ratio of 60.03 and a beta of 4.74.
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts predict that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.
Sandisk News Roundup
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Bank of America raised its price target on Sandisk to $2,500 from $2,100 and reiterated a Buy rating, citing a continuing supply-demand imbalance in the NAND market that could support pricing and earnings. Sandisk (SNDK): Among the Most Profitable Cheap Stocks to Invest In
- Positive Sentiment: Several recent articles argue the selloff may be an opportunity, highlighting Sandisk’s strong revenue growth, upbeat guidance, and continued AI/data-center demand for memory chips. Sandisk: I’m Catching The Falling Knife; Here’s How
- Positive Sentiment: Commentary from analysts and market watchers says Wall Street remains highly bullish on Sandisk’s long-term outlook despite near-term volatility, with some noting the stock’s momentum and large year-to-date gains. Sandisk Stock Tumbles in Tech Sell-Off, but Wall Street Sees More Upside
- Neutral Sentiment: Sandisk has been discussed as a standout momentum and “best stock to buy” candidate for the second half of 2026, reflecting strong investor interest but not a clear new fundamental catalyst. Is Sandisk Corporation (NASDAQ:SNDK) Among the Best Stocks to Buy for the Second Half of 2026?
- Negative Sentiment: The main drag today appears to be a broad memory-sector reset, with Sandisk falling alongside Micron and Western Digital as investors worry the AI memory boom may be cooling and that supply could eventually catch up with demand. Memory Stock Sell-Off: Is This the Time to Buy Micron Technology and Sandisk Like There’s No Tomorrow?
- Negative Sentiment: Citi Wealth noted that China’s domestic memory industry is gaining recognition, which could pressure incumbents like Sandisk and squeeze future profits. SanDisk and Micron Risk Profit Squeeze from Chinese Memory Threat
Insider Activity
In other Sandisk news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the sale, the insider owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. This represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of Sandisk 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 transaction, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,225 shares of company stock worth $10,166,297 over the last quarter. 0.21% of the stock is owned by insiders.
Sandisk Company 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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