Virtus Wealth Solutions LLC Takes Position in Sandisk Corporation $SNDK

Virtus Wealth Solutions LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, Holdings Channel reports. The fund bought 101,782 shares of the data storage provider’s stock, valued at approximately $11,420,000. Sandisk makes up 2.2% of Virtus Wealth Solutions LLC’s portfolio, making the stock its 10th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Sandisk during the third quarter worth approximately $27,000. CVA Family Office LLC bought a new position in shares of Sandisk during the third quarter worth approximately $28,000. Covestor Ltd acquired a new stake in Sandisk during the 3rd quarter worth approximately $37,000. Cromwell Holdings LLC bought a new stake in Sandisk in the 3rd quarter valued at $39,000. Finally, True Wealth Design LLC bought a new stake in Sandisk in the 3rd quarter valued at $40,000.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $632.38 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $725.00. The firm has a market cap of $93.34 billion and a PE ratio of -83.32. The firm’s fifty day moving average is $453.48 and its 200-day moving average is $252.11.

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

Key Stories Impacting Sandisk

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’

Insider Activity

In other news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This represents a 26.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SNDK. Cantor Fitzgerald lifted their target price on Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. JPMorgan Chase & Co. began coverage on shares of Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price objective for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. China Renaissance assumed coverage on shares of Sandisk in a research note on Friday, December 5th. They set a “buy” rating and a $322.00 price objective on the stock. Finally, The Goldman Sachs Group raised their price objective on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $542.85.

Sandisk Company 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.