J.W. Cole Advisors Inc. Takes $1.90 Million Position in Sandisk Corporation $SNDK

J.W. Cole Advisors Inc. purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 16,929 shares of the data storage provider’s stock, valued at approximately $1,899,000.

A number of other large investors have also recently modified their holdings of the business. CVA Family Office LLC bought a new stake in shares of Sandisk during the 3rd quarter worth $28,000. Covestor Ltd bought a new stake in shares of Sandisk in the third quarter worth about $37,000. Cromwell Holdings LLC purchased a new position in shares of Sandisk during the third quarter valued at approximately $39,000. True Wealth Design LLC purchased a new position in Sandisk during the 3rd quarter valued at $40,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sandisk during the third quarter valued at about $41,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SNDK shares. Susquehanna upped their price target on Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research note on Monday, December 8th. Barclays increased their price target on shares of Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. began coverage on Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price objective for the company. Wedbush lifted their target price on shares of Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company raised their target price on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $542.85.

Insider Activity

In other news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the transaction, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

Sandisk Stock Up 3.8%

NASDAQ SNDK opened at $597.95 on Friday. Sandisk Corporation has a 12 month low of $27.89 and a 12 month high of $725.00. The stock’s 50 day moving average is $349.24 and its 200 day moving average is $199.95. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. The stock has a market cap of $88.24 billion and a PE ratio of -78.78.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. The firm’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 materially raised revenue forecasts for Sandisk, with one report saying analyst models were boosted ~38%, supporting higher near-term expectations for sales tied to AI data-center demand. Industry Analysts Just Upgraded Their Sandisk Corporation (NASDAQ:SNDK) Revenue Forecasts By 38%
• Positive Sentiment: Recent earnings smashed estimates (big revenue beat and raised forward EPS range), reinforcing the bull case that Sandisk is a direct play on flash/NAND shortages driven by AI infrastructure. This underpins strong buying on dips. Sandisk’s Swings Are Getting Bigger—Here’s How to Play Them
• Positive Sentiment: Industry write-ups and analyst reiterations (Cantor Fitzgerald, UBS price targets cited) and upgrades from outlets helped lift sentiment and institutional interest. Sandisk (NASDAQ:SNDK) Shares Up 4.6% on Analyst Upgrade
• Positive Sentiment: Commentary frames Sandisk as a pure-play way to capture AI-driven flash memory shortages and HBM/high-bandwidth demand, attracting thematic AI investors. 2 Top Artificial Intelligence Stocks to Buy in February
• Neutral Sentiment: Technical/flow-based signals (e.g., “power inflow”) and momentum strategies have triggered large short-term moves; these can sustain rallies but also reverse quickly. Sandisk Shares Rise Over 7% Following Key Trading Signal
• Neutral Sentiment: Multiple outlets note broad analyst coverage updates (10 analysts updating or initiating), which increases attention and liquidity but can also add to short-term dispersion in estimates. Sandisk Corporation (SNDK) 10 Analysts Update Coverage
• Negative Sentiment: Coverage warns of large intraday swings and occasional sharp pullbacks after the stock’s parabolic run — past 20% intraday drops were quickly followed by big rallies, indicating higher downside risk for near-term traders. Why Sandisk Corporation’s (SNDK) Stock Is Down 7.15%

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.