Pinnacle Wealth Management Advisory Group LLC Acquires New Shares in Sandisk Corporation $SNDK

Key Points

• Pinnacle Wealth Management Advisory Group disclosed a new first-quarter stake in Sandisk, buying 480 shares valued at about $305,000.
• Wall Street remains broadly bullish on Sandisk, with multiple firms lifting price targets; the stock carries a Moderate Buy consensus and an average target of $1,603.29.
• Sandisk’s latest quarter was very strong, with EPS of $23.41 beating estimates and revenue rising 251% year over year, though some recent reports warn the stock may have run up too far, too fast.

Pinnacle Wealth Management Advisory Group LLC bought a new position in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 480 shares of the data storage provider's stock, valued at approximately $305,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Whittier Trust Co. purchased a new stake in shares of Sandisk in the fourth quarter worth about $26,000. Greenline Wealth Management LLC purchased a new position in Sandisk during the fourth quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Sandisk during the third quarter valued at approximately $27,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the 4th quarter worth approximately $27,000. Finally, Parallel Advisors LLC bought a new stake in Sandisk during the 3rd quarter worth approximately $30,000.

Wall Street Analyst Weigh In

SNDK has been the subject of several analyst reports. Jefferies Financial Group reissued a "buy" rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Royal Bank Of Canada upped their price target 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. The Goldman Sachs Group restated a "buy" rating and set a $1,200.00 target price on shares of Sandisk in a research report on Friday, May 1st. Cantor Fitzgerald upped their target price on Sandisk from $1,800.00 to $2,900.00 and gave the stock an "overweight" rating in a research note on Monday, June 8th. Finally, Morgan Stanley raised their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,603.29.

Insider Transactions at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the company's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated 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 in the company, valued at $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 5,625 shares of company stock worth $8,913,497. 0.21% of the stock is currently owned by company insiders.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Rising AI infrastructure demand continues to support Sandisk’s NAND flash and SSD business, with multiple articles pointing to strong pricing power, improving earnings, and a favorable industry backdrop. Micron + One Explosive AI Memory Stock to Buy Before H2 2026
• Positive Sentiment: Citi raised its price target on Sandisk to $2,500 and reiterated a Buy rating, reinforcing the view that Wall Street still sees upside after the company’s blowout quarter. Citi Just Raised Its Price Target on SanDisk Stock. Here's Why.
• Positive Sentiment: Micron’s strong results also lifted sentiment across the memory-chip group, putting Sandisk in focus as investors extrapolate stronger AI memory demand into the next quarter. Micron's Robust Q3 Results Raise Investor Attention on These 3 Stocks
• Neutral Sentiment: Some analysis notes that Sandisk remains attractively valued versus its growth profile, but that the stock carries higher execution and customer-concentration risk than more diversified peers. Sandisk: Unlike Micron, There's Much Higher Risk
• Negative Sentiment: Several market reports describe the move as a cooling of the memory rally, with traders locking in profits after Thursday’s sharp surge. Why Is Sandisk Stock Falling Friday?
• Negative Sentiment: One bearish note argues Sandisk has rallied too far too fast and implies material downside from current levels, adding to near-term pressure on the shares. Prediction: SanDisk Has Rallied Too Far, Too Fast. The Price Target Warns of 20%+ Downside

Sandisk Stock Performance

Sandisk stock opened at $2,090.71 on Monday. The firm's fifty day moving average price is $1,546.01 and its 200-day moving average price is $885.72. The stock has a market cap of $309.61 billion, a P/E ratio of 72.67 and a beta of 4.88. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its 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. The company had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm's revenue was up 251.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, analysts predict that Sandisk Corporation will post 64.01 earnings per share for the current year.

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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