Cetera Investment Advisers Has $12.95 Million Holdings in Sandisk Corporation $SNDK

Cetera Investment Advisers lifted its position in Sandisk Corporation (NASDAQ:SNDK) by 106.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 20,381 shares of the data storage provider’s stock after acquiring an additional 10,486 shares during the period. Cetera Investment Advisers’ holdings in Sandisk were worth $12,949,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. bought a new stake in Sandisk during the first quarter worth $25,000. Whittier Trust Co. bought a new position in shares of Sandisk in the 4th quarter valued at about $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk in the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC acquired a new position in shares of Sandisk during the 4th quarter worth about $27,000. Finally, Westfuller Advisors LLC increased its stake in shares of Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the last quarter.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,015.89 on Thursday. The stock has a market cap of $150.44 billion, a PE ratio of 35.31 and a beta of 4.74. The firm has a 50-day moving average of $1,739.66 and a 200-day moving average of $1,109.53. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results 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. 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 firm’s revenue was up 251.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.30) earnings per share. As a group, analysts predict that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Some analysts view the selloff as a potential buying opportunity. Sandisk’s outlook is supported by strong AI-driven storage demand, approximately $42 billion in contracts and a debt-free balance sheet. Analysts’ consensus target of about $2,218 implies substantial long-term upside from recent levels. Does Sandisk Stock’s Recent Sharp Sell-Off Offer a Buying Opportunity?
• Positive Sentiment: Expectations remain favorable ahead of Sandisk’s fiscal fourth-quarter earnings report, scheduled for August 5. Recent analyst commentary points to potentially strong earnings growth, while the company’s prior quarter significantly exceeded consensus expectations on both earnings and revenue. What SK Hynix and Seagate Earnings Mean for SanDisk
• Neutral Sentiment: Sandisk’s collapse has made inverse exposure unusually popular: the SNDQ ETF, which benefits when the stock falls, has surged more than 175% in July. This highlights the intensity of the move but does not change Sandisk’s underlying fundamentals. SanDisk’s Plunge Has Produced One of July’s Hottest ETF Trades
• Negative Sentiment: Memory stocks, including Sandisk, Micron and SK Hynix, are experiencing a sector-wide rout as investors question whether AI demand and valuations have become overheated. Sandisk has lost roughly half its value in July, increasing volatility and technical selling pressure. Memory Selloff Intensifies
• Negative Sentiment: Investors are also concerned about rising Chinese competition, including chipmaker CXMT’s planned IPO, and the possibility that increased supply could pressure future memory pricing and margins. Broader market risk aversion ahead of the Federal Reserve decision and a sharp oil-price spike added to selling in technology shares. Is the AI Chip Trade Actually Cracking?

Insider Transactions at Sandisk

In other news, CAO Michael Pokorny sold 2,446 shares of the 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 transaction, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the sale, the insider directly owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,225 shares of company stock worth $10,166,297 over the last three months. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein upped their target price on shares of Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Citigroup lifted their price target on Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Evercore set a $3,100.00 price objective on Sandisk in a research report on Monday, July 13th. Finally, Argus began coverage on Sandisk in a research note on Wednesday, July 15th. They set a “hold” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,811.38.

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.