FourThought Financial Partners LLC Purchases New Holdings in Sandisk Corporation $SNDK

Key Points

• FourThought Financial Partners disclosed a new position in SanDisk, buying 1,778 shares worth about $422,000 in the fourth quarter. Several other institutional investors also added small stakes in the data storage company.
• SanDisk has been getting a boost from a broader rebound in memory stocks, alongside optimism that AI-related demand for NAND, enterprise SSDs, and data-center storage could improve growth and margins. Recent analyst commentary has turned increasingly bullish, with multiple upgrades and higher price targets.
• The company’s latest earnings were much stronger than expected, with EPS of $23.41 versus estimates of $14.17 and revenue up 251% year over year. Insider selling also continued, including recent share sales by directors Necip Sayiner and Miyuki Suzuki.

FourThought Financial Partners LLC purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,778 shares of the data storage provider's stock, valued at approximately $422,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new position in Sandisk during the fourth quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk in the 3rd quarter valued at approximately $27,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk in the 4th quarter valued at approximately $27,000. CVA Family Office LLC bought a new stake in shares of Sandisk in the 3rd quarter valued at approximately $28,000. Finally, Westfuller Advisors LLC grew its stake 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 valued at $30,000 after purchasing an additional 43 shares during the period.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Shares are being lifted by a broader rebound in memory stocks as traders buy back into the sector after a sharp recent selloff, with SanDisk among the biggest beneficiaries of the “memory trade” rebound. SanDisk Soars 9%, Western Digital Rallies 5%, Micron Rises 3% as Memory Trade Reawakens
• Positive Sentiment: Analysts are arguing that SanDisk is benefiting from an AI-driven pivot in NAND, with enterprise SSDs and data-center storage demand improving the company’s growth and margin outlook. Sandisk's AI Pivot Changes The NAND Narrative
• Positive Sentiment: Fresh bullish coverage says SanDisk is “cheap” relative to its FY2027 earnings potential, citing robust NAND demand, strong buyback plans, and a higher valuation target. Sandisk: Moving Up The Value Chain And Cheap At 7x FY2027 P/E
• Positive Sentiment: Multiple bullish notes and raised price targets, including Citi’s reported 50% target increase, are reinforcing momentum and suggesting Wall Street sees more upside in the stock. Citi just raised its price target on SanDisk stock by 50%. Here's why.
• Neutral Sentiment: Commentary from Jim Cramer and other traders has added to volatility, but this appears more like debate over whether the rally is extended than a direct change in fundamentals. Jim Cramer on Sandisk: “Gotta Let It Come Down More”

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 579 shares of the company's stock in a transaction 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 transaction, the director owned 2,900 shares of the company's stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Miyuki Suzuki sold 3,500 shares of the company's stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 6,525 shares of company stock valued at $6,555,092. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Stock Up 10.7%

Sandisk stock opened at $1,542.24 on Friday. The stock has a 50-day simple moving average of $966.13 and a 200 day simple moving average of $590.05. Sandisk Corporation has a 12-month low of $35.79 and a 12-month high of $1,600.00. The stock has a market capitalization of $228.39 billion, a price-to-earnings ratio of 53.61 and a beta of 4.82.

Sandisk (NASDAQ:SNDK - Get Free Report) 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. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion during the quarter. During the same period in the prior year, the firm earned ($0.30) earnings per share. The business's quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts anticipate that Sandisk Corporation will post 63.58 EPS for the current year.

Analyst Upgrades and Downgrades

SNDK has been the topic of several analyst reports. Sanford C. Bernstein upped their price objective on Sandisk from $1,250.00 to $1,700.00 and gave the company an "outperform" rating in a research note on Monday, May 4th. Zacks Research upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 20th. The Goldman Sachs Group reiterated a "buy" rating and issued a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. UBS Group set a $1,700.00 price objective on Sandisk in a research note on Monday, May 4th. Finally, Barclays upped their price objective on Sandisk from $750.00 to $1,200.00 and gave the company an "equal weight" rating in a research note on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,157.14.

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.

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