Guardian Wealth Advisors LLC NC Acquires Shares of 325 Sandisk Corporation $SNDK

Guardian Wealth Advisors LLC NC bought a new position in Sandisk Corporation (NASDAQ:SNDK) during the second quarter, Holdings Channel.com reports. The institutional investor bought 325 shares of the data storage provider’s stock, valued at approximately $739,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the second quarter valued at approximately $317,000. Merit Financial Group LLC purchased a new position in Sandisk during the third quarter worth approximately $408,000. Dimensional Fund Advisors LP purchased a new position in Sandisk during the third quarter worth approximately $100,080,000. First Trust Advisors LP acquired a new position in Sandisk during the third quarter worth $9,788,000. Finally, Blair William & Co. IL acquired a new position in Sandisk during the third quarter worth $591,000.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley raised their target price on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Bank of America boosted their price target on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating and set a $2,900.00 price objective on shares of Sandisk in a research report on Monday, August 10th. Finally, UBS Group restated an “overweight” rating and set a $1,750.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $1,998.14.

Sandisk Price Performance

SNDK stock opened at $1,740.00 on Tuesday. The business has a fifty day moving average of $1,537.12 and a two-hundred day moving average of $1,297.85. The stock has a market cap of $254.77 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 0.17 and a beta of 5.17. Sandisk Corporation has a 52-week low of $63.74 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The business’s revenue for the quarter was up 371.6% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its board has authorized a stock buyback plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This repurchase authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the completion of the sale, the insider directly owned 29,884 shares in the company, valued at $45,591,030.40. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,800 shares of company stock worth $2,865,456 in the last ninety days. 0.21% of the stock is owned by company insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion supports demand: SanDisk’s addition to the S&P 100 helped propel a recent 11.9% gain. The inclusion could increase visibility and generate buying from index-tracking funds, while reported hedge-fund ownership has also risen. SanDisk Stock Rallies on S&P 100 Inclusion
• Positive Sentiment: AI and data-center demand are key catalysts: Investors continue to favor SanDisk as AI infrastructure expands demand for high-capacity storage. Analysts and market commentators see potential for further earnings growth if NAND pricing and demand remain favorable. Micron and SanDisk Stocks Rebound
• Positive Sentiment: More predictable revenue may reduce cyclicality: SanDisk is pursuing longer-term supply agreements intended to lessen its exposure to the traditionally volatile NAND memory cycle. Reports cite approximately $93.9 billion in supply contracts, strengthening the company’s demand visibility if those agreements are executed. Why Investors See More Upside for SanDisk’s Rally
• Positive Sentiment: Analysts see additional upside: Bernstein and other research firms have issued bullish views, including a reported $3,000 price target. SanDisk is also being highlighted among highly ranked growth stocks, reflecting expectations for strong earnings and revenue momentum. MU vs. SNDK: Which Memory Stock Has More Upside?
• Neutral Sentiment: Technical and valuation risks remain: SNDK has risen more than 500% this year, leaving the stock highly sensitive to profit-taking and changes in NAND pricing. Although analysts remain optimistic, the memory market’s historical cyclicality and the stock’s elevated volatility could limit near-term gains. SanDisk Stock Price Forecast

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.