Spartan Wealth Advisory Services LLC Makes New $35.64 Million Investment in Sandisk Corporation $SNDK

Spartan Wealth Advisory Services LLC purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 56,089 shares of the data storage provider’s stock, valued at approximately $35,636,000. Sandisk makes up about 3.1% of Spartan Wealth Advisory Services LLC’s investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Osaic Holdings Inc. bought a new position in Sandisk during the 2nd quarter valued at approximately $317,000. Merit Financial Group LLC purchased a new stake in shares of Sandisk in the third quarter worth $408,000. Dimensional Fund Advisors LP purchased a new stake in shares of Sandisk in the third quarter worth $100,080,000. First Trust Advisors LP purchased a new stake in shares of Sandisk in the third quarter worth $9,788,000. Finally, Blair William & Co. IL bought a new position in shares of Sandisk during the third quarter valued at $591,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SNDK shares. Cantor Fitzgerald upped their price target on shares of Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Bank of America raised their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a report on Friday, May 1st. Morgan Stanley upped their target price on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Sanford C. Bernstein raised their price target on shares of Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $1,803.29.

Sandisk Stock Down 4.0%

Shares of NASDAQ SNDK opened at $1,354.38 on Friday. The firm’s 50-day moving average price is $1,746.25 and its 200-day moving average price is $1,042.54. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39. The company has a market cap of $200.57 billion, a PE ratio of 47.08 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. The firm 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%. The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts anticipate that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Key Sandisk News

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

Insider Activity at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction on 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 sale, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 6,225 shares of company stock worth $10,166,297. Company insiders own 0.21% of the company’s stock.

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.