558 Shares in Sandisk Corporation $SNDK Bought by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the first quarter, HoldingsChannel reports. The fund acquired 558 shares of the data storage provider’s stock, valued at approximately $355,000.

Other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. purchased a new position in Sandisk during the 4th quarter worth $26,000. Greenline Wealth Management LLC purchased a new stake in shares of Sandisk in the fourth quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Sandisk during the third quarter worth about $27,000. Chung Wu Investment Group LLC acquired a new position in shares of Sandisk during the fourth quarter worth about $27,000. Finally, Westfuller Advisors LLC raised its holdings in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares in the last quarter.

Analyst Upgrades and Downgrades

SNDK has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price objective on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. KGI Securities started coverage on Sandisk in a research note on Wednesday, March 18th. They set an “outperform” rating and a $992.00 target price for the company. Sanford C. Bernstein raised their price target on Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a report on Monday. Evercore reaffirmed an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Finally, Wedbush increased their price objective on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,684.24.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 6,225 shares of company stock valued at $10,166,297. Company insiders own 0.21% of the company’s stock.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk announced sampling of its BiCS10 1Tb TLC 3D NAND flash memory, highlighting higher density, better power efficiency, and faster interface speeds for data-intensive workloads. Article Title
• Positive Sentiment: China Renaissance raised its price target on Sandisk to $3,169, citing strong AI storage demand, while Bank of America also lifted its target to $2,500 and reiterated a buy rating. Article Title
• Neutral Sentiment: Market commentary continued to frame Sandisk as a high-volatility AI infrastructure winner, with some analysts arguing that recent swings may be creating buying opportunities on dips. Article Title
• Negative Sentiment: Investor rotation away from AI chip and memory hardware names has hit Sandisk, with traders shifting toward AI software and raising concerns about a temporary memory-sector pullback. Article Title
• Negative Sentiment: Heavy profit-taking and broader supply-glut fears in memory stocks also weighed on Sandisk, adding to the sector-wide decline despite the company’s strong fundamentals. Article Title
• Negative Sentiment: Insider Bernard Shek sold 600 shares under a pre-arranged 10b5-1 plan, which may add a little caution even though the sale was disclosed as routine. Article Title

Sandisk Trading Down 14.1%

Shares of Sandisk stock opened at $1,745.00 on Friday. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The stock has a market cap of $258.42 billion, a PE ratio of 60.65 and a beta of 4.72. The company has a 50-day moving average of $1,634.90 and a two-hundred day moving average of $936.43.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The company 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%. Sandisk’s revenue was up 251.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts forecast that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

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.