Independent Financial Group LLC Buys New Shares in Sandisk Corporation $SNDK

Independent Financial Group LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,890 shares of the data storage provider’s stock, valued at approximately $2,471,000.

Other large investors have also recently bought and sold shares of the company. Whittier Trust Co. acquired a new position in shares of Sandisk during the 4th quarter worth about $26,000. Greenline Wealth Management LLC acquired a new stake in Sandisk in the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC acquired a new stake in Sandisk in the 4th quarter valued at about $27,000. Westfuller Advisors LLC grew 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 during the period. Finally, Parallel Advisors LLC bought a new position in Sandisk during the third quarter worth about $30,000.

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the sale, the insider owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,225 shares of company stock worth $10,166,297 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Despite the pullback, several recent pieces remain constructive on Sandisk’s long-term setup, pointing to strong demand from AI infrastructure and tighter memory supply conditions that could support revenue and margins. Article Title
• Positive Sentiment: Sandisk’s valuation has come down sharply from recent highs, with some investors and analysts arguing the selloff may have made the stock more attractive relative to its growth outlook. Article Title
• Neutral Sentiment: Sandisk also announced progress on its Fab2 project with Kioxia and said BiCS10 sampling has begun, a development that supports its product roadmap but is not an immediate earnings catalyst. Article Title
• Negative Sentiment: Technical damage has intensified after the stock broke key support levels, with chart watchers citing a sharp drop from recent peaks and warning that momentum has turned decisively lower ahead of the next earnings report. Article Title
• Negative Sentiment: Sector-wide weakness, including concerns about Chinese competition and a broad AI-chip rotation, has added to the selloff in memory stocks such as Sandisk. Article Title

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Cantor Fitzgerald increased their price target on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Mizuho increased their price target on Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Sandisk in a report on Friday, May 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,803.29.

Sandisk Trading Down 4.0%

NASDAQ:SNDK opened at $1,354.38 on Friday. The stock has a market cap of $200.57 billion, a P/E ratio of 47.08 and a beta of 4.74. The stock has a 50 day simple moving average of $1,746.25 and a 200 day simple moving average of $1,042.54. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts forecast that Sandisk Corporation will post 64.52 EPS for the current year.

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.