Wealthfront Advisers LLC Grows Stock Position in Sandisk Corporation $SNDK

Wealthfront Advisers LLC grew its stake in Sandisk Corporation (NASDAQ:SNDK) by 1,100.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,071 shares of the data storage provider’s stock after buying an additional 20,232 shares during the quarter. Wealthfront Advisers LLC’s holdings in Sandisk were worth $14,023,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted its stake in shares of Sandisk by 84.2% in the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock valued at $1,073,000 after purchasing an additional 2,067 shares during the period. Tredje AP fonden purchased a new stake in Sandisk during the fourth quarter worth $7,821,000. ProShare Advisors LLC grew its position in Sandisk by 1,301.5% during the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock valued at $7,985,000 after buying an additional 31,237 shares during the period. FourThought Financial Partners LLC acquired a new stake in Sandisk during the fourth quarter valued at $422,000. Finally, North Dakota State Investment Board purchased a new position in Sandisk in the fourth quarter valued at $1,127,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Several articles note that Sandisk still has strong fundamentals and may be attractively valued after the pullback, with commentary highlighting robust revenue and margin growth, bullish analyst sentiment, and upside potential ahead of earnings. Which Storage Stock Is Best Positioned to Win the AI Memory War? (SNDK)
• Positive Sentiment: Sandisk’s Fab2 launch with Kioxia and the start of BiCS10 sampling suggest continued product and manufacturing momentum in advanced memory technology. Sandisk (SNDK) Launches Fab2 With Kioxia As BiCS10 Sampling Begins
• Neutral Sentiment: Analyst coverage from Argus began with a Hold rating, signaling caution rather than a bullish call, but not a major fundamental downgrade. Analyst Maintains Hold on SanDisk After Post–Spin-Off Rally, Awaiting Pullback or Clear Earnings Acceleration
• Negative Sentiment: Memory and chip stocks are under sector-wide pressure as traders lock in gains from the AI hardware rally, dragging Sandisk lower along with peers such as Micron and Western Digital. Memory-Chip Selloff Drags Nasdaq 100 Lower, SanDisk Sinks 13%: Stock Market Today
• Negative Sentiment: Investor concerns about Chinese competition intensified after reports that CXMT is preparing a large memory-chip IPO, which has weighed on the entire memory group and added to Sandisk’s pullback. SK Hynix and SanDisk Sink 7%, Micron Falls 5% as China’s CXMT Readies an $8.6B Memory IPO
• Negative Sentiment: Articles also point to a sharp correction after Sandisk’s massive rally, with some analysts warning the best part of the move may be over for now. After A 6,000% Melt-Up, SanDisk Just Found Out Gravity Still Exists

Sandisk Stock Down 12.6%

Shares of NASDAQ SNDK opened at $1,411.08 on Friday. The company’s 50-day simple moving average is $1,750.41 and its 200-day simple moving average is $1,040.34. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39. The firm has a market cap of $208.97 billion, a price-to-earnings ratio of 49.05 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate 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 last year, the company earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts anticipate that Sandisk Corporation will post 64.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of analyst reports. Sanford C. Bernstein upped their price objective on shares of Sandisk from $1,700.00 to $3,000.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Melius Research set a $2,350.00 target price on Sandisk in a research report on Monday, May 18th. Jefferies Financial Group restated a “buy” rating and issued a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st. Morgan Stanley upped their price target on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Finally, Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and a consensus target price of $1,803.29.

Insider Transactions at Sandisk

In other news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the sale, the insider owned 31,515 shares of the company’s stock, valued at $65,803,320. The trade was a 1.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,225 shares of company stock valued at $10,166,297 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

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.