Wealth Enhancement Advisory Services LLC Takes $3.65 Million Position in Sandisk Corporation $SNDK

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, HoldingsChannel reports. The firm acquired 30,194 shares of the data storage provider’s stock, valued at approximately $3,652,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. New York State Teachers Retirement System acquired a new stake in Sandisk during the third quarter valued at approximately $13,546,000. HB Wealth Management LLC acquired a new stake in Sandisk during the 3rd quarter valued at $348,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Sandisk in the third quarter valued at about $514,000. RWC Asset Management LLP acquired a new position in shares of Sandisk during the third quarter worth approximately $6,892,000. Finally, Parnassus Investments LLC bought a new position in Sandisk in the 3rd quarter valued at $103,815,000.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the sale, the director directly owned 3,479 shares in the company, valued at $678,892.06. This trade represents a 26.76% 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. 0.21% of the stock is currently owned by company insiders.

Sandisk Price Performance

NASDAQ:SNDK opened at $503.88 on Wednesday. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $509.50. The stock’s fifty day moving average is $288.85 and its two-hundred day moving average is $169.92. The company has a market capitalization of $73.85 billion and a P/E ratio of 1,574.63. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. The company’s revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Mizuho set a $600.00 target price on shares of Sandisk in a research note on Tuesday. Royal Bank Of Canada initiated coverage on Sandisk in a research note on Wednesday, January 14th. They set a “sector perform” rating and a $400.00 target price for the company. UBS Group set a $580.00 price objective on Sandisk in a research report on Wednesday, January 14th. Barclays set a $385.00 price target on shares of Sandisk in a research report on Thursday, January 15th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $320.00 target price on shares of Sandisk in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.95.

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.