Townsend Asset Management Corp NC ADV Invests $257,000 in Sandisk Corporation $SNDK

Posted by Geri Gentry on Jul 18th, 2026

Townsend Asset Management Corp NC ADV purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 404 shares of the data storage provider’s stock, valued at approximately $257,000.

A number of other large investors have also bought and sold shares of SNDK. Whittier Trust Co. bought a new position in Sandisk in the 4th quarter valued at $26,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk during the fourth quarter worth $26,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk during the fourth quarter worth $27,000. Westfuller Advisors LLC increased its stake in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after buying an additional 43 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new stake in shares of Sandisk in the third quarter valued at $30,000.

Sandisk Stock Down 4.0%

Sandisk stock opened at $1,354.38 on Friday. The business’s 50-day simple moving average is $1,746.25 and its 200 day simple moving average is $1,042.54. The stock has a market cap of $200.57 billion, a price-to-earnings ratio of 47.08 and a beta of 4.74. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter in the previous year, the company 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 expect that Sandisk Corporation will post 64.95 EPS for the current year.

Insider Buying and Selling at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of Sandisk 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 completion of the sale, the director 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the sale, the insider directly owned 31,515 shares of the company’s stock, valued at $65,803,320. This represents a 1.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Despite the pullback, several recent pieces remain constructive on Sandisk’s long-term setup, pointing to strong demand from AI infrastructure and tighter memory supply conditions that could support revenue and margins. Article Title
Positive Sentiment: Sandisk’s valuation has come down sharply from recent highs, with some investors and analysts arguing the selloff may have made the stock more attractive relative to its growth outlook. Article Title
Neutral Sentiment: Sandisk also announced progress on its Fab2 project with Kioxia and said BiCS10 sampling has begun, a development that supports its product roadmap but is not an immediate earnings catalyst. Article Title
Negative Sentiment: Technical damage has intensified after the stock broke key support levels, with chart watchers citing a sharp drop from recent peaks and warning that momentum has turned decisively lower ahead of the next earnings report. Article Title
Negative Sentiment: Sector-wide weakness, including concerns about Chinese competition and a broad AI-chip rotation, has added to the selloff in memory stocks such as Sandisk. Article Title

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SNDK. Morgan Stanley lifted their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada raised their price objective on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. UBS Group set a $1,700.00 target price on shares of Sandisk in a research report on Monday, May 4th. Finally, Raymond James Financial reissued an “outperform” rating and set a $1,470.00 price target on shares of Sandisk in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,803.29.

Check Out Our Latest Stock Analysis on Sandisk

Sandisk 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.