Private Advisor Group LLC Takes Position in Sandisk Corporation $SNDK

Private Advisor Group LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,748 shares of the data storage provider’s stock, valued at approximately $2,381,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. raised its holdings in Sandisk by 12.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock valued at $77,000 after acquiring an additional 13 shares during the period. Blair William & Co. IL lifted its position in Sandisk by 0.3% during the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock worth $1,255,000 after acquiring an additional 17 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Sandisk by 20.2% during the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock worth $52,000 after acquiring an additional 37 shares during the period. Composition Wealth LLC boosted its holdings in shares of Sandisk by 0.4% during the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after acquiring an additional 41 shares during the period. Finally, Westfuller Advisors LLC boosted 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 worth $30,000 after acquiring an additional 43 shares during the period.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wedbush raised its price target on Sandisk and said it expects a strong earnings beat, citing favorable NAND pricing trends and improving fundamentals ahead of the company’s upcoming quarterly report. Article Title
• Positive Sentiment: Sandisk and other memory stocks rebounded after a Samsung-led sector selloff, as investors rotated back into the group on hopes that demand remains strong. Article Title
• Positive Sentiment: Reports that Meta signed a multi-year NAND flash supply deal with Sandisk added to optimism around AI infrastructure demand and long-term storage sales. Article Title
• Positive Sentiment: Sandisk announced it will report fiscal fourth-quarter and full-year 2026 results on August 5, followed by an Investor Day on August 13, which keeps a near-term catalyst in focus. Article Title
• Neutral Sentiment: Sandisk is being highlighted in broader market coverage and stock-mover lists, reflecting elevated trading interest rather than a single company-specific development. Article Title
• Negative Sentiment: Some commentary warned that investors may be pricing in too much AI-memory optimism, with concerns that storage demand could be peaking after the recent rally. Article Title
• Negative Sentiment: A separate article argued that investors didn’t need Sandisk to benefit from the AI wave, suggesting some capital could rotate into broader semiconductor ETFs instead of the stock. Article Title

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SNDK. Wedbush increased their target price on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. KGI Securities began coverage on Sandisk in a report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price objective on the stock. Cantor Fitzgerald increased their price objective on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Evercore reissued an “outperform” rating and set a $1,400.00 target price on shares of Sandisk in a report on Friday, May 1st. Finally, Mizuho lifted their target price on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,684.24.

Insider Transactions at Sandisk

In related news, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,225 shares of company stock valued at $10,166,297 over the last quarter. 0.21% of the stock is currently owned by insiders.

Sandisk Trading Up 3.1%

Shares of SNDK stock opened at $1,915.92 on Friday. The stock has a market cap of $283.73 billion, a P/E ratio of 66.59 and a beta of 4.74. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,354.39. The stock has a 50 day simple moving average of $1,726.30 and a 200 day simple moving average of $996.55.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion during the quarter. During the same period in the prior year, the firm earned ($0.30) earnings per share. Sandisk’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Analysts forecast that Sandisk Corporation will post 64.01 EPS for the current year.

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.