J. L. Bainbridge & Co. Inc. Makes New $238,000 Investment in Sandisk Corporation $SNDK

J. L. Bainbridge & Co. Inc. purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 1st quarter, Holdings Channel reports. The fund purchased 374 shares of the data storage provider’s stock, valued at approximately $238,000.

Other large investors have also modified their holdings of the company. Adams Diversified Equity Fund Inc. acquired a new position in shares of Sandisk during the 1st quarter worth approximately $4,702,000. Cornerstone Wealth Group LLC acquired a new stake in Sandisk during the 1st quarter valued at $143,000. Decision Investments Inc. purchased a new position in Sandisk during the first quarter worth $2,173,000. Sterling Capital Management LLC increased its position in Sandisk by 39.4% during the first quarter. Sterling Capital Management LLC now owns 11,146 shares of the data storage provider’s stock worth $7,082,000 after buying an additional 3,151 shares in the last quarter. Finally, Ground Swell Capital LLC purchased a new position in Sandisk during the first quarter worth $717,000.

Sandisk Stock Down 10.5%

Shares of NASDAQ:SNDK opened at $2,090.71 on Friday. The company has a market cap of $309.61 billion, a P/E ratio of 72.67 and a beta of 4.87. The business has a fifty day simple moving average of $1,546.01 and a 200-day simple moving average of $881.10. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its 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 for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts expect that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

Insider Activity at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the 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 transaction of $3,488,436.28. Following the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 5,625 shares of company stock valued at $8,913,497. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

SNDK has been the topic of several recent research reports. The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Bank of America boosted their target price on shares of Sandisk from $1,550.00 to $2,100.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Mizuho upped their target price on shares of Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st. Finally, Morgan Stanley lifted their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,603.29.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Rising AI infrastructure demand continues to support Sandisk’s NAND flash and SSD business, with multiple articles pointing to strong pricing power, improving earnings, and a favorable industry backdrop. Micron + One Explosive AI Memory Stock to Buy Before H2 2026
• Positive Sentiment: Citi raised its price target on Sandisk to $2,500 and reiterated a Buy rating, reinforcing the view that Wall Street still sees upside after the company’s blowout quarter. Citi Just Raised Its Price Target on SanDisk Stock. Here’s Why.
• Positive Sentiment: Micron’s strong results also lifted sentiment across the memory-chip group, putting Sandisk in focus as investors extrapolate stronger AI memory demand into the next quarter. Micron’s Robust Q3 Results Raise Investor Attention on These 3 Stocks
• Neutral Sentiment: Some analysis notes that Sandisk remains attractively valued versus its growth profile, but that the stock carries higher execution and customer-concentration risk than more diversified peers. Sandisk: Unlike Micron, There’s Much Higher Risk
• Negative Sentiment: Several market reports describe the move as a cooling of the memory rally, with traders locking in profits after Thursday’s sharp surge. Why Is Sandisk Stock Falling Friday?
• Negative Sentiment: One bearish note argues Sandisk has rallied too far too fast and implies material downside from current levels, adding to near-term pressure on the shares. Prediction: SanDisk Has Rallied Too Far, Too Fast. The Price Target Warns of 20%+ Downside

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.