Worth Financial Advisory Group LLC Purchases New Holdings in Sandisk Corporation $SNDK

Worth Financial Advisory Group LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,921 shares of the data storage provider’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently bought and sold shares of SNDK. Osaic Holdings Inc. purchased a new stake in shares of Sandisk during the 2nd quarter valued at $317,000. Corient Private Wealth LLC bought a new position in Sandisk during the second quarter valued at about $353,000. Praxis Investment Management Inc. bought a new position in Sandisk during the third quarter valued at about $533,000. GAMMA Investing LLC purchased a new stake in Sandisk during the third quarter worth about $439,000. Finally, Voya Investment Management LLC bought a new stake in Sandisk in the third quarter worth about $8,917,000.

Sandisk Trading Down 0.4%

Shares of SNDK stock opened at $274.08 on Tuesday. The stock has a market capitalization of $40.17 billion and a price-to-earnings ratio of 856.50. The company’s fifty day simple moving average is $228.23 and its two-hundred day simple moving average is $127.95. Sandisk Corporation has a 1 year low of $27.89 and a 1 year high of $285.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.64. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. The company’s revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SNDK. Sanford C. Bernstein raised shares of Sandisk to a “strong-buy” rating in a research report on Tuesday, September 16th. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. The Goldman Sachs Group increased their price objective on Sandisk from $55.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Wall Street Zen downgraded Sandisk from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 27th. Finally, Bank of America upped their price target on Sandisk from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $213.33.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Company 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.