Sequoia Financial Advisors LLC Purchases 703 Shares of Sandisk Corporation $SNDK

Key Points

• Sequoia Financial Advisors LLC increased its SanDisk stake by 14.7% in the first quarter, buying 703 additional shares and bringing its total holdings to 5,475 shares valued at about $3.48 million.
• Analyst sentiment on SanDisk remains strongly bullish, with several firms raising price targets, including targets as high as $3,100; MarketBeat reports a consensus rating of Moderate Buy and an average target price of $1,765.19.
• SanDisk recently posted a strong quarter, reporting EPS of $23.41 versus estimates of $14.17 and revenue of $5.95 billion, though the stock has been volatile amid broader memory-sector weakness and fell 12.6% in the latest session.

Sequoia Financial Advisors LLC grew its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,475 shares of the data storage provider's stock after acquiring an additional 703 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Sandisk were worth $3,478,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in Sandisk by 20.7% during the 4th quarter. State Street Corp now owns 5,281,522 shares of the data storage provider's stock valued at $1,253,728,000 after purchasing an additional 904,933 shares during the last quarter. Geode Capital Management LLC raised its position in Sandisk by 44.9% in 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 purchasing an additional 1,133,276 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Sandisk by 31.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider's stock worth $825,608,000 after purchasing an additional 828,332 shares during the last quarter. Morgan Stanley lifted its stake in Sandisk by 7.2% in the fourth quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider's stock worth $705,105,000 after purchasing an additional 199,545 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Sandisk during the fourth quarter valued at approximately $518,889,000.

Analyst Ratings Changes

A number of research firms have recently commented on SNDK. Morgan Stanley upped their target price on Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Wednesday, June 3rd. Melius Research set a $2,350.00 price objective on Sandisk in a report on Monday, May 18th. KGI Securities began coverage on Sandisk in a research report on Wednesday, March 18th. They issued an "outperform" rating and a $992.00 price objective on the stock. Sanford C. Bernstein upped their price objective on Sandisk from $1,700.00 to $3,000.00 and gave the company an "outperform" rating in a research report on Monday, June 29th. Finally, Mizuho increased their target price on Sandisk from $1,825.00 to $2,200.00 and gave the stock an "outperform" rating in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,765.19.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Evercore ISI raised its price target on SanDisk to $3,100 and kept an Outperform rating, reinforcing the view that the company still has significant upside. SanDisk Stock Price Forecast: Why Evercore’s Amit Daryanani Raised SNDK’s Price Target by More Than 120%
• Positive Sentiment: Goldman Sachs also nearly doubled its SanDisk price target, adding to the bullish analyst sentiment around the stock. Goldman Sachs nearly doubles SanDisk stock price target for 2026
• Positive Sentiment: SanDisk was added to Zacks’ Rank #1 (Strong Buy) momentum list, and another Zacks piece said it still screens as cheap despite its huge year-to-date rally, which may attract value and momentum buyers. Best Momentum Stocks to Buy for July 13th
• Positive Sentiment: Commentary from strategists and analysts suggested the recent tech pullback could be a buying opportunity for SanDisk, with continued confidence in AI-driven demand and long-term storage growth. This Strategist Says the Tech Wreck Is Your Buy Signal: Micron and SanDisk on Sale?
• Neutral Sentiment: Several market updates focused on broader macro and pre-market weakness, including a red futures session and upcoming inflation data, which added to risk-off trading across tech stocks. Pre-Market in Red
• Negative Sentiment: SK Hynix’s weak outlook sparked a sector-wide selloff in memory names such as SanDisk, Micron, and Western Digital, weighing on SNDK shares today. Micron, SanDisk, Western Digital Fall 6% as SK Hynix's Weak Outlook Rattles Memory Stocks

Sandisk Stock Down 12.6%

Shares of NASDAQ:SNDK opened at $1,673.97 on Tuesday. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39. The stock has a market cap of $247.90 billion, a P/E ratio of 58.18 and a beta of 4.74. The business's 50 day moving average is $1,737.85 and its 200 day moving average is $1,011.93.

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 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 last year, the firm earned ($0.30) earnings per share. 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. On average, sell-side analysts anticipate that Sandisk Corporation will post 64.95 EPS for the current fiscal year.

Insider Transactions at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares of the company's stock, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,225 shares of company stock valued at $10,166,297. Insiders own 0.21% of the company's stock.

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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