Pure Financial Advisors LLC Buys New Shares in Sandisk Corporation $SNDK

Pure Financial Advisors LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,214 shares of the data storage provider’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Greenline Wealth Management LLC acquired a new position in shares of Sandisk during the fourth quarter valued at about $26,000. Whittier Trust Co. bought a new stake in shares of Sandisk in the fourth quarter valued at about $26,000. Chung Wu Investment Group LLC acquired a new stake in Sandisk during the fourth quarter worth about $27,000. Westfuller Advisors LLC grew its position in 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 buying an additional 43 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in Sandisk by 137.9% during the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after acquiring an additional 80 shares during the period.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and market commentary say AI demand is fundamentally changing the NAND market, supporting the bullish case for Sandisk and the broader memory cycle.
• Positive Sentiment: Bank of America reportedly raised its price target to $2,100 as the global NAND shortage worsens, adding to investor enthusiasm for SNDK.
• Positive Sentiment: Memory stocks, including Sandisk, rallied alongside Micron and Western Digital as traders positioned ahead of Micron’s earnings, reinforcing sector momentum.
• Positive Sentiment: Articles highlighted Sandisk’s huge year-to-date gain and record-high trading levels, which can draw momentum buyers and ETF inflows tied to storage and AI themes. Article title
• Neutral Sentiment: Several pieces focused on Sandisk’s strong performance, including its role in free-cash-flow ETFs and comments from investors who have made large gains, which may help sentiment but do not change fundamentals directly.
• Neutral Sentiment: One report said SNDK could be significantly overvalued after its recent surge, which is a cautionary note for investors even as the stock remains buoyant.
• Negative Sentiment: Valuation concerns are starting to emerge after the explosive rally, and any disappointment in future earnings or memory pricing could spark volatility in SNDK.

Sandisk Stock Up 4.1%

NASDAQ:SNDK opened at $2,273.73 on Tuesday. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The firm has a market capitalization of $336.72 billion, a PE ratio of 79.03 and a beta of 4.88. The firm has a 50-day moving average price of $1,452.71 and a 200 day moving average price of $833.30.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 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 net margin of 34.19% and a return on equity of 44.06%. The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts expect that Sandisk Corporation will post 64.01 EPS for the current year.

Insider Buying and Selling

In related news, Director Necip Sayiner sold 579 shares of the firm’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 transaction, the director owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at approximately $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 5,625 shares of company stock worth $8,913,497 over the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. UBS Group set a $1,700.00 price objective on Sandisk in a report on Monday, May 4th. Susquehanna boosted their price objective on Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Wells Fargo & Company upped their target price on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Finally, Mizuho raised their target price on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $1,580.67.

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.