9,842 Shares in Sandisk Corporation $SNDK Acquired by Donoghue Forlines LLC

Donoghue Forlines LLC bought a new position in Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,842 shares of the data storage provider’s stock, valued at approximately $2,336,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Whittier Trust Co. acquired a new stake in shares of Sandisk during the fourth quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sandisk during the third quarter valued at approximately $27,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk during the fourth quarter valued at approximately $27,000. CVA Family Office LLC acquired a new stake in shares of Sandisk during the third quarter valued at approximately $28,000. Finally, Westfuller Advisors LLC raised its holdings in shares of Sandisk by 51.8% during the fourth 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 during the period.

Sandisk Stock Performance

Sandisk stock opened at $1,382.72 on Friday. The firm has a market cap of $204.77 billion, a PE ratio of 48.06 and a beta of 4.82. The firm’s 50 day moving average price is $882.95 and its two-hundred day moving average price is $547.04. Sandisk Corporation has a twelve month low of $35.79 and a twelve month high of $1,600.00.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 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 net margin of 34.19% and a return on equity of 44.06%. The business’s revenue was up 251.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities analysts anticipate that Sandisk Corporation will post 63.93 EPS for the current fiscal year.

Analysts Set New Price Targets

SNDK has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Sandisk from a “sell (d+)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and set a $1,200.00 price target on shares of Sandisk in a report on Friday, May 1st. Royal Bank Of Canada boosted their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. KGI Securities initiated coverage on shares of Sandisk in a report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price target on the stock. Finally, Mizuho set a $1,220.00 price target on shares of Sandisk in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,065.81.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the business’s 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 completion of the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,525 shares of company stock valued at $6,555,092 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P upgraded Sandisk after the company repaid all debt, built a $3.7 billion cash position, and announced a $6 billion stock buyback plan, reinforcing confidence in its balance sheet and capital return strategy. What's Going On With Sandisk Stock Thursday?
• Positive Sentiment: Analysts raised price targets and several commentary pieces highlighted Sandisk as a major beneficiary of the AI infrastructure trade, with investors betting on strong demand for DRAM, NAND, high-bandwidth memory, and enterprise storage. How Far Can the Micron and Sandisk Rally Run?
• Positive Sentiment: Momentum in memory-chip names has also been supported by reports of a tighter supply backdrop, including concerns that labor disruption at Samsung could affect global memory-chip output. Why Micron, Sandisk Stock Are Climbing Despite Fears of an Even Bigger Memory-Chip Shortage
• Neutral Sentiment: Sandisk continues to attract heavy retail and ETF attention, including leveraged AI and memory-focused products, which can amplify volatility but also keep trading interest elevated. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
• Negative Sentiment: A CAO sold 2,446 shares for about $3.49 million, trimming ownership by nearly 10%; insider selling can sometimes weigh on sentiment even when it may be routine. SEC filing
• Negative Sentiment: Some articles warned that the stock’s massive run-up may be leaving it vulnerable to pullbacks, with technical and valuation-focused pieces urging caution after the recent surge. Don’t Throw Caution Away, Says Top Investor About Sandisk 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.