Consilium Wealth Advisory LLC Makes New $822,000 Investment in Sandisk Corporation $SNDK

Consilium Wealth Advisory LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the first quarter, Holdings Channel reports. The institutional investor purchased 1,294 shares of the data storage provider’s stock, valued at approximately $822,000.

Several other institutional investors have also recently made changes to their positions in the company. Osaic Holdings Inc. purchased a new stake in Sandisk in the second quarter worth about $317,000. Merit Financial Group LLC purchased a new position in Sandisk during the 3rd quarter valued at about $408,000. PNC Financial Services Group Inc. purchased a new position in Sandisk during the 3rd quarter valued at about $989,000. Clearstead Advisors LLC bought a new stake in shares of Sandisk in the 3rd quarter valued at about $216,000. Finally, Transatlantique Private Wealth LLC bought a new stake in shares of Sandisk in the 3rd quarter valued at about $423,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk continues to benefit from the long-term AI storage story, with several articles highlighting that AI is “fundamentally” changing the NAND market and supporting stronger data-center memory demand. Article Title
• Positive Sentiment: Recent coverage also points to continued optimism around SanDisk’s AI-driven pure-play NAND positioning, which has helped fuel a major rerating in the stock. Article Title
• Neutral Sentiment: One analyst commentary argues the current selling is mainly profit-taking after a parabolic run in AI memory stocks, suggesting investors are rotating rather than abandoning the sector. Article Title
• Neutral Sentiment: Another report says the broader memory-stock rally stalled as tech selling spread to new markets and industries, pressuring the group as a whole. Article Title
• Negative Sentiment: SanDisk is being sold along with Micron and Western Digital amid fears of an AI bubble, high AI spending, and rate-hike risks, which are weighing on sentiment for memory-chip stocks. Article Title
• Negative Sentiment: A separate report says Tuesday’s sharp drop was amplified by a Korean market crash that hit memory-chip names across the sector. Article Title

Sandisk Stock Down 13.6%

Shares of Sandisk stock opened at $1,963.60 on Wednesday. The firm’s 50 day moving average price is $1,474.95 and its 200-day moving average price is $845.76. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39. The company has a market cap of $290.79 billion, a P/E ratio of 68.25 and a beta of 4.88.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion during the quarter. During the same quarter last year, the firm earned ($0.30) EPS. The company’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts forecast that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

Insider Activity

In other news, EVP Alper Ilkbahar sold 2,000 shares of the firm’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 completion of the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the completion of the sale, the insider directly owned 32,232 shares of the company’s stock, valued at $55,954,752. The trade was a 1.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,625 shares of company stock valued at $8,913,497 over the last three months. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. UBS Group set a $1,700.00 price objective on shares of Sandisk in a research note on Monday, May 4th. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Mizuho increased their target price on Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Finally, Bank of America lifted their price target on Sandisk from $1,550.00 to $2,100.00 and gave the company a “buy” rating in a report on Monday, June 8th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.