Independent Advisor Alliance Takes Position in Sandisk Corporation $SNDK

Independent Advisor Alliance acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,075 shares of the data storage provider’s stock, valued at approximately $255,000.

Several other large investors have also made changes to their positions in the business. Hartford Investment Management Co. purchased a new stake in shares of Sandisk in the 4th quarter valued at $1,912,000. Katamaran Capital LLP purchased a new stake in shares of Sandisk in the 4th quarter valued at $1,800,000. Swiss Life Asset Management Ltd boosted its holdings in shares of Sandisk by 44.9% in the 4th quarter. Swiss Life Asset Management Ltd now owns 8,824 shares of the data storage provider’s stock valued at $2,095,000 after acquiring an additional 2,734 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in shares of Sandisk by 33,000.0% in the 4th quarter. Sentry Investment Management LLC now owns 331 shares of the data storage provider’s stock valued at $79,000 after acquiring an additional 330 shares during the last quarter. Finally, Securian Asset Management Inc. purchased a new stake in shares of Sandisk in the 4th quarter valued at $881,000.

Sandisk Stock Performance

SNDK stock opened at $1,333.01 on Tuesday. The firm has a market cap of $197.41 billion, a PE ratio of 46.33 and a beta of 4.82. The firm’s fifty day moving average is $914.47 and its 200 day moving average is $563.86. Sandisk Corporation has a one year low of $35.79 and a one year high of $1,600.00.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SNDK. Weiss Ratings raised shares of Sandisk from a “sell (d+)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Mizuho set a $1,220.00 price target on shares of Sandisk in a report on Friday, May 1st. Wall Street Zen upgraded shares of Sandisk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Royal Bank Of Canada raised their price target 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. Finally, Evercore restated an “outperform” rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,124.18.

Insiders Place Their Bets

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Necip Sayiner sold 579 shares of the company’s 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 owned 2,900 shares of the company’s stock, valued at $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 6,525 shares of company stock worth $6,555,092. Company insiders own 0.21% of the company’s stock.

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.