8,988 Shares in Sandisk Corporation $SNDK Acquired by Williamson Legacy Group LLC

Williamson Legacy Group LLC bought a new position in Sandisk Corporation (NASDAQ:SNDKFree 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.

Sandisk (NASDAQ:SNDKGet Free Report) last announced its earnings results 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 company had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s revenue was up 251.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts anticipate that Sandisk Corporation will post 63.58 earnings per share for the current year.

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

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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

(Free Report)

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

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Institutional Ownership by Quarter for Sandisk (NASDAQ:SNDK)

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