Founders Financial Securities LLC Takes $285,000 Position in Sandisk Corporation $SNDK

Key Points

• Founders Financial Securities disclosed a new fourth-quarter position in Sandisk, buying 1,199 shares valued at about $285,000.
• Several larger institutional investors also increased exposure to Sandisk, including Vanguard, State Street, Geode Capital, Arrowstreet, and Norges Bank, signaling broad hedge-fund interest in the stock.
• Sandisk has seen strong operating momentum: its latest quarterly EPS of $23.41 beat estimates by a wide margin, revenue rose 251% year over year, and analysts remain bullish with a consensus Buy rating and an average target price of about $1,368.73.

Founders Financial Securities LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,199 shares of the data storage provider's stock, valued at approximately $285,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in Sandisk in the 3rd quarter valued at $1,970,388,000. State Street Corp purchased a new position in Sandisk during the 3rd quarter worth $491,053,000. Geode Capital Management LLC raised its position in Sandisk by 44.9% during the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider's stock worth $866,310,000 after buying an additional 1,133,276 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sandisk in the 3rd quarter worth $297,293,000. Finally, Norges Bank purchased a new stake in shares of Sandisk in the fourth quarter valued at about $518,889,000.

Insider Buying and Selling

In related news, CAO Michael Pokorny sold 2,446 shares of the company's stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $870,300.69. Following the completion of the transaction, the director directly owned 2,900 shares of the company's stock, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,025 shares of company stock worth $7,871,897 in the last quarter. Company insiders own 0.21% of the company's stock.

Sandisk Trading Down 2.6%

SNDK stock opened at $1,716.36 on Wednesday. The company's 50-day moving average price is $1,093.12 and its 200 day moving average price is $657.86. Sandisk Corporation has a 52 week low of $36.87 and a 52 week high of $1,804.00. The company has a market cap of $254.18 billion, a P/E ratio of 59.66 and a beta of 4.87.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its 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. 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 period last year, the business posted ($0.30) earnings per share. The company's quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts expect that Sandisk Corporation will post 63.58 earnings per share for the current year.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Multiple articles highlighted Sandisk as a beneficiary of the AI memory supercycle, with analysts and commentators saying tight memory markets, strong pricing, and booming data center demand could keep supporting earnings and valuation. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Positive Sentiment: Several bullish pieces said Sandisk remains one of the favored AI memory stocks, with some writers arguing the company is still undervalued despite its huge run and that analysts see additional upside ahead. After SanDisk's Historic Run, Analysts Still See More Upside
• Positive Sentiment: Sandisk was also cited as one of the top-searching and most-followed tickers in May, reflecting strong retail and trader interest that can help keep momentum in the stock. Is Sandisk Corporation (SNDK) One of the Top Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing?
• Positive Sentiment: An article on 247WallSt called Sandisk its favorite stock idea, citing the AI data center buildout as a major tailwind for the company’s storage products. Why Sandisk Corporation Is My Favorite Stock Idea Right Now
• Neutral Sentiment: Sandisk EVP Alper Ilkbahar sold 2,000 shares for about $3.5 million, a modest insider sale that may be viewed as routine profit-taking, though it can still add a little caution for investors. SEC filing
• Negative Sentiment: One article noted that Sandisk’s stock and short interest are both at record highs, which suggests the move has become crowded and could invite volatility if sentiment shifts. SanDisk's stock and short interest both at record highs - do the bears know something?

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SNDK. The Goldman Sachs Group reiterated a "buy" rating and set a $1,200.00 price target on shares of Sandisk in a research note on Friday, May 1st. Wedbush lifted their price objective on Sandisk from $740.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. Mizuho boosted their target price on Sandisk from $1,625.00 to $1,825.00 and gave the stock an "outperform" rating in a research report on Thursday, May 28th. Jefferies Financial Group reissued a "buy" rating and set a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Finally, Melius Research set a $2,350.00 price target on Sandisk in a report on Monday, May 18th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Sandisk presently has an average rating of "Buy" and an average target price of $1,368.73.

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.

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