Mission Wealth Management LP Makes New Investment in Sandisk Corporation $SNDK

Mission Wealth Management LP acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,802 shares of the data storage provider’s stock, valued at approximately $428,000.

Several other institutional investors also recently bought and sold shares of SNDK. Osaic Holdings Inc. purchased a new stake in Sandisk during the second quarter worth approximately $317,000. Merit Financial Group LLC purchased a new stake in Sandisk during the third quarter worth approximately $408,000. SG Americas Securities LLC purchased a new stake in Sandisk during the third quarter worth approximately $722,000. Evergreen Capital Management LLC purchased a new stake in Sandisk during the third quarter worth approximately $706,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Sandisk during the third quarter worth approximately $360,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald boosted their price objective on shares of Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Melius Research set a $2,350.00 target price on shares of Sandisk in a research report on Monday. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $1,100.00 target price on shares of Sandisk in a research report on Monday, April 27th. Three research 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,157.14.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Citi raised its price target on Sandisk to $2,025 from $1,300 and kept a Buy rating, reinforcing the view that AI data-center demand for NAND flash is still accelerating. Barrons article on Citi target hike
• Positive Sentiment: Analysts and market commentary continue to highlight a structural storage shortage, with enterprise SSD and NAND pricing rising sharply as hyperscalers and AI builders expand infrastructure. MarketBeat article on AI rotation
• Positive Sentiment: Sandisk’s recent earnings and guidance remain a major bullish catalyst: the company reported strong revenue growth and a large EPS beat, showing that the pricing cycle is already boosting results. Sandisk earnings overview
• Positive Sentiment: Several articles noted that Sandisk has become a favored AI-memory trade, with high-profile investors rotating into the name and Wall Street broadly raising targets. TipRanks analyst target article
• Neutral Sentiment: Sandisk presented at J.P. Morgan’s Technology, Media and Communications Conference, which may have helped keep the stock in focus, but no major new corporate announcement was highlighted in the transcript title. Conference transcript
• Negative Sentiment: Recent pullbacks have been driven by broader chip-sector weakness, including concerns about supply, capacity, and rising Treasury yields pressuring high-valuation tech names. Benzinga article on yields and chip stocks

Sandisk Price Performance

SNDK opened at $1,392.56 on Thursday. The stock has a market capitalization of $206.22 billion, a PE ratio of 48.40 and a beta of 4.82. The firm’s fifty day moving average price is $947.66 and its 200 day moving average price is $580.59. Sandisk Corporation has a 12-month low of $35.79 and a 12-month high of $1,600.00.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. The firm 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 company’s revenue was up 251.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Insider Activity at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the sale, the director directly owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Necip Sayiner sold 579 shares of the company’s 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 directly owned 2,900 shares in the company, valued at $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 have 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.

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.