8,053 Shares in Sandisk Corporation $SNDK Purchased by Hartford Investment Management Co.

Key Points

• Hartford Investment Management opened a new position in Sandisk during the fourth quarter, buying 8,053 shares valued at about $1.91 million.
• Sandisk’s latest quarterly results were very strong, with EPS of $23.41 beating estimates and revenue jumping 251% year over year to $5.95 billion.
• Analysts remain constructive on the stock: several firms raised price targets, and Sandisk now has a Moderate Buy consensus with a target price of about $1,065.81.

Hartford Investment Management Co. bought a new position in Sandisk Corporation (NASDAQ:SNDK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,053 shares of the data storage provider's stock, valued at approximately $1,912,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Composition Wealth LLC raised its holdings in shares of Sandisk by 0.4% in the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider's stock worth $2,445,000 after acquiring an additional 41 shares during the last quarter. Westfuller Advisors LLC raised its holdings in shares of Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock worth $30,000 after acquiring an additional 43 shares during the last quarter. Everhart Financial Group Inc. raised its holdings in shares of Sandisk by 3.4% in the 4th quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider's stock worth $489,000 after acquiring an additional 67 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Sandisk by 71.6% in the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider's stock worth $42,000 after acquiring an additional 73 shares during the last quarter. Finally, Savvy Advisors Inc. raised its holdings in shares of Sandisk by 1.3% in the 4th quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider's stock worth $1,645,000 after acquiring an additional 87 shares during the last quarter.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P upgraded Sandisk after the company repaid all debt, built a $3.7 billion cash position, and announced a $6 billion stock buyback plan, reinforcing confidence in its balance sheet and capital return strategy. What's Going On With Sandisk Stock Thursday?
• Positive Sentiment: Analysts raised price targets and several commentary pieces highlighted Sandisk as a major beneficiary of the AI infrastructure trade, with investors betting on strong demand for DRAM, NAND, high-bandwidth memory, and enterprise storage. How Far Can the Micron and Sandisk Rally Run?
• Positive Sentiment: Momentum in memory-chip names has also been supported by reports of a tighter supply backdrop, including concerns that labor disruption at Samsung could affect global memory-chip output. Why Micron, Sandisk Stock Are Climbing Despite Fears of an Even Bigger Memory-Chip Shortage
• Neutral Sentiment: Sandisk continues to attract heavy retail and ETF attention, including leveraged AI and memory-focused products, which can amplify volatility but also keep trading interest elevated. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
• Negative Sentiment: A CAO sold 2,446 shares for about $3.49 million, trimming ownership by nearly 10%; insider selling can sometimes weigh on sentiment even when it may be routine. SEC filing
• Negative Sentiment: Some articles warned that the stock’s massive run-up may be leaving it vulnerable to pullbacks, with technical and valuation-focused pieces urging caution after the recent surge. Don’t Throw Caution Away, Says Top Investor About Sandisk Stock

Sandisk Stock Down 4.5%

Shares of SNDK stock opened at $1,382.72 on Friday. The company has a 50 day moving average of $882.95 and a 200-day moving average of $547.04. Sandisk Corporation has a 12-month low of $35.79 and a 12-month high of $1,600.00. The firm has a market cap of $204.77 billion, a P/E ratio of 48.06 and a beta of 4.82.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the business earned ($0.30) EPS. The company's revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts expect that Sandisk Corporation will post 63.93 EPS for the current year.

Insider Transactions at Sandisk

In other news, Director Necip Sayiner sold 579 shares of the firm's stock in a transaction that occurred 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 owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Miyuki Suzuki sold 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the sale, the director owned 9,907 shares of the company's stock, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,525 shares of company stock worth $6,555,092 in the last quarter. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Mizuho set a $1,220.00 target price on shares of Sandisk in a report on Friday, May 1st. Raymond James Financial reiterated an "outperform" rating and issued a $1,470.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Barclays increased their price objective on shares of Sandisk from $750.00 to $1,200.00 and gave the company an "equal weight" rating in a research note on Friday, May 1st. Morgan Stanley reiterated an "overweight" rating and issued a $1,100.00 price objective on shares of Sandisk in a research note on Monday, April 27th. Finally, Wells Fargo & Company increased their price objective on shares of Sandisk from $975.00 to $1,250.00 and gave the company an "equal weight" rating in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,065.81.

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.

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