Fifth Third Wealth Advisors LLC Takes Position in Sandisk Corporation $SNDK

Fifth Third Wealth Advisors LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 1,251 shares of the data storage provider’s stock, valued at approximately $795,000.

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. bought a new stake in shares of Sandisk during the fourth quarter valued at about $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk in the fourth quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sandisk in the third quarter valued at approximately $27,000. Chung Wu Investment Group LLC purchased a new position in Sandisk during the fourth quarter valued at approximately $27,000. Finally, Westfuller Advisors LLC grew its stake in 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 in the last quarter.

Wall Street Analyst Weigh In

Several research firms have issued reports on SNDK. Melius Research set a $2,350.00 target price on shares of Sandisk in a research note on Monday, May 18th. Mizuho boosted their price target on shares of Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Susquehanna upped their price target on shares of Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a report on Friday, May 29th. UBS Group set a $1,700.00 price objective on Sandisk in a research report on Monday, May 4th. Finally, KGI Securities started coverage on Sandisk in a research note on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,603.29.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Rising AI infrastructure demand continues to support Sandisk’s NAND flash and SSD business, with multiple articles pointing to strong pricing power, improving earnings, and a favorable industry backdrop. Micron + One Explosive AI Memory Stock to Buy Before H2 2026
• Positive Sentiment: Citi raised its price target on Sandisk to $2,500 and reiterated a Buy rating, reinforcing the view that Wall Street still sees upside after the company’s blowout quarter. Citi Just Raised Its Price Target on SanDisk Stock. Here’s Why.
• Positive Sentiment: Micron’s strong results also lifted sentiment across the memory-chip group, putting Sandisk in focus as investors extrapolate stronger AI memory demand into the next quarter. Micron’s Robust Q3 Results Raise Investor Attention on These 3 Stocks
• Neutral Sentiment: Some analysis notes that Sandisk remains attractively valued versus its growth profile, but that the stock carries higher execution and customer-concentration risk than more diversified peers. Sandisk: Unlike Micron, There’s Much Higher Risk
• Negative Sentiment: Several market reports describe the move as a cooling of the memory rally, with traders locking in profits after Thursday’s sharp surge. Why Is Sandisk Stock Falling Friday?
• Negative Sentiment: One bearish note argues Sandisk has rallied too far too fast and implies material downside from current levels, adding to near-term pressure on the shares. Prediction: SanDisk Has Rallied Too Far, Too Fast. The Price Target Warns of 20%+ Downside

Insider Transactions at Sandisk

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,625 shares of company stock worth $8,913,497 in the last three months. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Down 10.5%

NASDAQ SNDK opened at $2,090.71 on Friday. The stock’s 50-day simple moving average is $1,546.01 and its two-hundred day simple moving average is $881.10. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The company has a market capitalization of $309.61 billion, a price-to-earnings ratio of 72.67 and a beta of 4.87.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s revenue for the quarter was up 251.0% compared to the same quarter last year. 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. On average, equities analysts expect that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

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.