NewEdge Wealth LLC Has $3.41 Million Stock Holdings in Sandisk Corporation $SNDK

NewEdge Wealth LLC lifted its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,379 shares of the data storage provider’s stock after buying an additional 332 shares during the quarter. NewEdge Wealth LLC’s holdings in Sandisk were worth $3,413,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Whittier Trust Co. acquired a new stake in shares of Sandisk during the 4th quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sandisk during the 3rd quarter worth about $27,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk during the 4th quarter worth about $27,000. CVA Family Office LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth about $28,000. Finally, Westfuller Advisors LLC lifted its stake in shares of Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after buying an additional 43 shares during the last quarter.

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,547.56 on Tuesday. Sandisk Corporation has a 52 week low of $35.79 and a 52 week high of $1,600.00. The firm has a market cap of $229.18 billion, a price-to-earnings ratio of 53.79 and a beta of 4.82. The firm’s 50-day simple moving average is $833.70 and its 200 day simple moving average is $520.41.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion for the quarter. During the same period in the prior year, the business posted ($0.30) earnings per share. Sandisk’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts anticipate that Sandisk Corporation will post 63.93 EPS for the current year.

Insider Activity

In other Sandisk news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. This trade represents a 16.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the transaction, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SNDK. Wells Fargo & Company raised their target price on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. UBS Group set a $1,700.00 price target on shares of Sandisk in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Bank of America raised their price target on shares of Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Benchmark raised their price target on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,065.81.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Investor sentiment remains strong around AI-related memory demand, with several recent notes saying SanDisk is positioned to benefit from rising hyperscaler spending and broader storage-chip demand. Why These 3 High-Flying Memory & Storage Stocks Will Rise Further
• Positive Sentiment: SanDisk-linked funds and related storage plays are surging, reinforcing the market’s bullish view of the company’s role in the AI memory boom. SanDisk’s Breakout Turned This ETF Into A 640% Rocket In Just Over 3 Months
• Positive Sentiment: Commentary this week highlighted SanDisk’s extraordinary 2026 run and its all-time-high stock price, showing continued momentum and investor enthusiasm. Sandisk (SNDK) Surges 550%+ In 2026; Check Out Why Shares Are At Their All-Time High

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.