Virtus Wealth Solutions LLC Makes New Investment in Sandisk Corporation $SNDK

Virtus Wealth Solutions LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 101,782 shares of the data storage provider’s stock, valued at approximately $11,420,000. Sandisk makes up about 2.2% of Virtus Wealth Solutions LLC’s holdings, making the stock its 10th biggest position. Virtus Wealth Solutions LLC owned about 0.07% of Sandisk at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SNDK. Osaic Holdings Inc. acquired a new stake in shares of Sandisk during the second quarter worth $317,000. Corient Private Wealth LLC acquired a new stake in shares of Sandisk in the 2nd quarter valued at about $353,000. Praxis Investment Management Inc. acquired a new stake in shares of Sandisk in the 3rd quarter valued at about $533,000. GAMMA Investing LLC bought a new stake in shares of Sandisk in the third quarter valued at about $439,000. Finally, Voya Investment Management LLC acquired a new position in shares of Sandisk during the third quarter worth about $8,917,000.

Insider Transactions at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the sale, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on SNDK shares. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Bank of America increased their target price on shares of Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. UBS Group set a $1,000.00 price target on shares of Sandisk in a research note on Monday, February 2nd. Barclays boosted their price target on shares of Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. Finally, Susquehanna raised their price objective on Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $542.85.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts expect an unusually strong NAND cycle ahead of Sandisk’s investor presentation, suggesting continued tight supply and pricing that would support revenue and margins. Analyst sees “unprecedented” NAND cycle ahead of SanDisk presentation
• Positive Sentiment: Sell‑side optimism: at least one outlet reports a raised price target (~+11.6%), reflecting upgraded expectations for SanDisk’s near‑term earnings and pricing power. SanDisk (SNDK) price target increased by 11.57% to 698.18
• Positive Sentiment: Momentum flows: a leveraged SNDK ETF (SNXX) amassed very rapid AUM growth, signaling strong retail and momentum participation that can amplify rallies. That inflow dynamic can keep the stock bid while the cycle remains tight. Tradr’s SNXX Surges to $650 Million in Under a Month, Setting Industry Growth Record
• Neutral Sentiment: Company presentation and transcripts (Bernstein Insights) are available — useful for guidance on product roadmaps and capacity plans but not an immediate catalyst until new guidance or data is announced. Sandisk Corporation (SNDK) Presents at Bernstein Insights
• Neutral Sentiment: Investor guides and think pieces (e.g., Forbes, Motley Fool) debate buy/hold timing — useful framing for position sizing but not new fundamental data. Should You Sell SanDisk Stock At $640?
• Negative Sentiment: Citron Research has publicly shorted SNDK and argued the NAND cycle is peaking and that SanDisk is a cyclical commodity play — the notes spooked some investors and triggered sharp intraday weakness. Short‑seller narratives can amplify downside risk if sentiment shifts. Citron Research Shorts SanDisk, Claims NAND Cycle Is Peaking
• Negative Sentiment: Critical commentary highlights valuation and structural risks (e.g., Samsung’s dominance, memory cyclicality), warning that much upside may already be priced in and a supply ramp or demand slowdown could lead to a large pullback. SNDK shares slip on Citron note: ‘Nvidia has a moat. SanDisk sells a commodity’

Sandisk Stock Performance

Shares of SNDK stock opened at $632.38 on Thursday. The company has a fifty day moving average price of $453.48 and a two-hundred day moving average price of $252.11. Sandisk Corporation has a one year low of $27.89 and a one year high of $725.00. The stock has a market cap of $93.34 billion and a P/E ratio of -83.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. The firm’s quarterly revenue was up 61.2% compared to the same quarter last year.

About Sandisk

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.