Sandisk Corporation $SNDK Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in Sandisk Corporation (NASDAQ:SNDK) by 5.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 31,691 shares of the data storage provider’s stock after acquiring an additional 1,497 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Sandisk were worth $7,523,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new stake in Sandisk in the 3rd quarter valued at approximately $1,970,388,000. State Street Corp purchased a new position in shares of Sandisk during the third quarter worth $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sandisk during the third quarter worth $297,293,000. Bank of America Corp DE acquired a new stake in shares of Sandisk in the third quarter valued at $190,425,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Sandisk in the 3rd quarter valued at $163,057,000.

Sandisk Trading Up 2.1%

NASDAQ:SNDK opened at $615.83 on Friday. Sandisk Corporation has a 12-month low of $27.89 and a 12-month high of $777.60. The firm has a market cap of $90.90 billion and a PE ratio of -81.14. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $606.69 and a 200 day moving average price of $344.16.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The company’s revenue for the quarter was up 61.2% on a year-over-year basis.

Insider Buying and Selling at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the sale, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SNDK shares. Morgan Stanley set a $690.00 target price on Sandisk in a research note on Friday, January 30th. Mizuho set a $600.00 target price on Sandisk in a research report on Tuesday, January 27th. The Goldman Sachs Group boosted their price target on shares of Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $650.00 price objective on shares of Sandisk in a research note on Friday, January 30th. Finally, Barclays lifted their price objective on shares of Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and a consensus target price of $594.48.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Top analyst support rekindled buying interest — a high-profile Wall Street analyst reiterated a bullish outlook, helping lift sentiment after recent weakness. A Top Wall Street Analyst Just Reignited Hope In SanDisk Stock (SNDK)
• Positive Sentiment: Supply-security move with Taiwan’s Nanya: SanDisk is securing NAND/DRAM supply via ties with Nanya (choosing Taiwan capacity), which reduces execution risk amid rapid demand growth and supports longer-term supply tightness. After A 1,600% Stock Surge, SanDisk Is Securing Supply — By Choosing Taiwan Over America
• Positive Sentiment: Firm demand drivers remain: analysts argue SanDisk can still benefit from tight NAND supply, continued hyperscaler AI spending, and broad-based enterprise/edge demand — a structural tailwind if near-term shocks fade. Google’s TurboQuant Shakes SanDisk. What Should You Do With SNDK Stock Now?
• Neutral Sentiment: Strong recent fundamentals and momentum: coverage highlights massive trailing EPS growth and big multi-session gains this year — supportive for momentum investors but increases sensitivity to sentiment reversals. SNDK Stock: 216% EPS Growth & 1,162% Price Performance | 2-Minute Analysis
• Negative Sentiment: Google’s TurboQuant sparked a sector selloff by implying potential changes in memory usage/pricing dynamics — that headline created near-term demand uncertainty and weighed heavily on SNDK and peers. Why Is SanDisk (SNDK) Stock Down Today and Should You Buy the Dip?
• Negative Sentiment: Macro & rate pressures are dragging tech and memory stocks broadly — rising rate/fear environment makes high-multiple momentum names more volatile even if fundamentals remain strong. SNDK, WDC and STX Forecasts – Computer Companies Fall with Everything Else

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.