360 Shares in Sandisk Corporation $SNDK Acquired by Richmond Investment Services LLC

Richmond Investment Services LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the first quarter, HoldingsChannel reports. The institutional investor acquired 360 shares of the data storage provider’s stock, valued at approximately $229,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp bought a new position in shares of Sandisk during the third quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sandisk in the 3rd quarter worth about $297,293,000. Norges Bank bought a new position in Sandisk in the 4th quarter worth about $518,889,000. Bank of America Corp DE bought a new position in Sandisk in the 3rd quarter worth about $190,425,000. Finally, AQR Capital Management LLC purchased a new stake in Sandisk during the 3rd quarter valued at about $163,057,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,500 from $2,100 and reiterated a Buy rating, citing a continuing supply-demand imbalance in the NAND market that could support pricing and earnings. Sandisk (SNDK): Among the Most Profitable Cheap Stocks to Invest In
• Positive Sentiment: Several recent articles argue the selloff may be an opportunity, highlighting Sandisk’s strong revenue growth, upbeat guidance, and continued AI/data-center demand for memory chips. Sandisk: I’m Catching The Falling Knife; Here’s How
• Positive Sentiment: Commentary from analysts and market watchers says Wall Street remains highly bullish on Sandisk’s long-term outlook despite near-term volatility, with some noting the stock’s momentum and large year-to-date gains. Sandisk Stock Tumbles in Tech Sell-Off, but Wall Street Sees More Upside
• Neutral Sentiment: Sandisk has been discussed as a standout momentum and “best stock to buy” candidate for the second half of 2026, reflecting strong investor interest but not a clear new fundamental catalyst. Is Sandisk Corporation (NASDAQ:SNDK) Among the Best Stocks to Buy for the Second Half of 2026?
• Negative Sentiment: The main drag today appears to be a broad memory-sector reset, with Sandisk falling alongside Micron and Western Digital as investors worry the AI memory boom may be cooling and that supply could eventually catch up with demand. Memory Stock Sell-Off: Is This the Time to Buy Micron Technology and Sandisk Like There’s No Tomorrow?
• Negative Sentiment: Citi Wealth noted that China’s domestic memory industry is gaining recognition, which could pressure incumbents like Sandisk and squeeze future profits. SanDisk and Micron Risk Profit Squeeze from Chinese Memory Threat

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group set a $1,700.00 price objective on shares of Sandisk in a research note on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Melius Research set a $2,350.00 price target on shares of Sandisk in a report on Monday, May 18th. Morgan Stanley raised their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,684.24.

Insider Buying and Selling

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director directly owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,225 shares of company stock valued at $10,166,297 in the last 90 days. 0.21% of the stock is owned by company insiders.

Sandisk Trading Up 6.8%

Shares of SNDK opened at $1,727.18 on Thursday. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,354.39. The firm has a fifty day simple moving average of $1,692.15 and a two-hundred day simple moving average of $978.66. The firm has a market cap of $255.78 billion, a PE ratio of 60.03 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The business 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%.The company’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same quarter in the prior 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, research analysts forecast that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

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.