Williamson Legacy Group LLC bought a new position in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,988 shares of the data storage provider’s stock, valued at approximately $2,134,000. Sandisk comprises approximately 1.7% of Williamson Legacy Group LLC’s holdings, making the stock its 21st biggest holding.
A number of other hedge funds also recently bought and sold shares of SNDK. Vanguard Group Inc. bought a new stake in Sandisk in the 3rd quarter worth approximately $1,970,388,000. State Street Corp bought a new stake in Sandisk in the 3rd quarter worth approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in Sandisk in the 3rd quarter worth approximately $297,293,000. Bank of America Corp DE bought a new stake in Sandisk in the 3rd quarter worth approximately $190,425,000. Finally, AQR Capital Management LLC bought a new stake in Sandisk in the 3rd quarter worth approximately $163,057,000.
Sandisk Stock Up 7.5%
Shares of Sandisk stock opened at $1,589.55 on Wednesday. The company has a market cap of $235.40 billion, a PE ratio of 55.25 and a beta of 4.82. The business has a 50 day moving average of $1,018.35 and a 200 day moving average of $617.71. Sandisk Corporation has a 52 week low of $36.21 and a 52 week high of $1,641.74.
Analyst Ratings Changes
A number of research firms recently weighed in on SNDK. Sanford C. Bernstein boosted their target price on Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Melius Research set a $2,350.00 price objective on Sandisk in a research report on Monday, May 18th. Weiss Ratings upgraded Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $1,100.00 price objective on shares of Sandisk in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $1,207.14.
Check Out Our Latest Research Report on SNDK
Trending Headlines about Sandisk
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Barclays and other Wall Street voices are turning more constructive on Sandisk, adding to the bullish case for further upside over the next 12 months. Wall Street predicts SanDisk stock price for next 12 months
- Positive Sentiment: Analysts and market commentators say Sandisk remains a key winner in the AI memory trade, with strong demand and a favorable supply-demand setup supporting momentum. MU vs. SNDK: Which AI Memory Winner Has More Upside Potential in 2026?
- Positive Sentiment: Coverage continues to frame Sandisk as a leader in the AI storage supercycle, with pricing power and growth expectations lifting sentiment. SanDisk Rides AI Storage Supercycle As Memory Prices Enter ‘New Normal’
- Neutral Sentiment: Some articles focus on valuation and technical stretch after the huge rally, suggesting investors are starting to question how much upside is left. Sandisk stock flashes a double-top pattern: is a crash coming?
- Neutral Sentiment: Other pieces focus on whether Sandisk is still a good momentum buy after its surge, reflecting strong interest but also growing caution. Is SanDisk Stock (SNDK) Still Worth Buying After Today’s Rally?
Insider Buying and Selling
In related news, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was 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 represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction that occurred 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 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. 0.21% of the stock is owned by corporate insiders.
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.
See Also
- Five stocks we like better than Sandisk
- AI Can’t Reach the Real World Without These 3 Stocks
- Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names
- 2 Aluminum Stocks Poised for Big Tariff-Related Gains
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK – Free Report).
Receive News & Ratings for Sandisk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandisk and related companies with MarketBeat.com's FREE daily email newsletter.
