Wealth Enhancement Trust Services Inc. Buys 3,015 Shares of Sandisk Corporation $SNDK

Key Points

• Wealth Enhancement Trust Services increased its Sandisk stake by 1,463.6% in the third quarter, purchasing 3,015 additional shares and bringing its holdings to 3,221 shares valued at $5.6 million.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $2,120.65; several firms recently raised targets as high as $3,100.
• Sandisk shares rose 1.9% to $1,692.42, while quarterly results exceeded estimates and revenue surged 371.6% year over year. The company also authorized a $14 billion share-repurchase program, although insiders sold $121.2 million of stock over the past three months.

Wealth Enhancement Trust Services Inc. increased its stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 1,463.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,221 shares of the data storage provider's stock after purchasing an additional 3,015 shares during the quarter. Wealth Enhancement Trust Services Inc.'s holdings in Sandisk were worth $5,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. PFW Advisors LLC boosted its position in Sandisk by 4.4% during the third quarter. PFW Advisors LLC now owns 262 shares of the data storage provider's stock worth $456,000 after acquiring an additional 11 shares during the last quarter. Lake Hills Wealth Management LLC boosted its holdings in shares of Sandisk by 16.5% during the third quarter. Lake Hills Wealth Management LLC now owns 438 shares of the data storage provider's stock worth $762,000 after purchasing an additional 62 shares during the last quarter. Glynn Capital Management LLC boosted its holdings in shares of Sandisk by 64.6% during the third quarter. Glynn Capital Management LLC now owns 6,291 shares of the data storage provider's stock worth $10,946,000 after purchasing an additional 2,468 shares during the last quarter. Juncture Wealth Strategies LLC grew its position in shares of Sandisk by 34.9% in the third quarter. Juncture Wealth Strategies LLC now owns 641 shares of the data storage provider's stock valued at $1,115,000 after purchasing an additional 166 shares during the period. Finally, Central Pacific Bank Trust Division grew its position in shares of Sandisk by 18.9% in the third quarter. Central Pacific Bank Trust Division now owns 711 shares of the data storage provider's stock valued at $1,237,000 after purchasing an additional 113 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. New Street Research set a $3,000.00 target price on Sandisk in a research report on Thursday, August 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $2,900.00 price objective (up from $1,800.00) on shares of Sandisk in a research note on Monday, August 10th. Evercore reiterated an "outperform" rating and set a $3,100.00 price objective (up from $1,400.00) on shares of Sandisk in a report on Thursday, August 13th. JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research report on Friday, August 14th. They issued an "overweight" rating and a $2,250.00 target price on the stock. Finally, Wedbush reaffirmed an "outperform" rating and set a $2,000.00 price target on shares of Sandisk in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,120.65.

Insider Buying and Selling

In other Sandisk news, EVP Alper Ilkbahar sold 4,712 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the sale, the executive vice president owned 44,134 shares of the company's stock, valued at $67,991,957.72. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total transaction of $1,040,964.00. Following the sale, the insider owned 25,588 shares in the company, valued at $44,393,644.72. This represents a 2.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,899 shares of company stock worth $121,159,122 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Stock Up 1.9%

Shares of SNDK stock traded up $31.96 during mid-day trading on Wednesday, reaching $1,692.42. The company's stock had a trading volume of 9,107,052 shares, compared to its average volume of 15,316,795. The firm has a market capitalization of $247.80 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 0.17 and a beta of 5.23. The company's 50 day simple moving average is $1,579.07 and its 200-day simple moving average is $1,463.49. Sandisk Corporation has a 12-month low of $116.17 and a 12-month high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts' consensus estimates of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm had revenue of $8.96 billion during the quarter. During the same period last year, the company posted $0.29 earnings per share. The firm's revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, research analysts anticipate that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory stocks, including Sandisk, are outperforming a softer technology market as constrained supply and long-term customer commitments support pricing power. SanDisk and Micron Rise as Tight Memory Supply Outruns a Softer Tech Tape
• Positive Sentiment: Mizuho raised its Sandisk price target to $2,050 from $1,875 and maintained an “outperform” rating, citing growing demand from agentic AI and related semiconductor infrastructure. Mizuho Raises AMD and SanDisk Stock Price Targets on Agentic AI Demand
• Positive Sentiment: Sandisk’s reported $93.9 billion NAND bit memory contract book, customer financial guarantees, and sharp growth in data-center revenue highlight strong hyperscaler demand and improving revenue visibility. Sandisk: Customer Money Is Keeping Pace With the Contract Boom
• Positive Sentiment: Zacks added SNDK to its Rank #1 “Strong Buy” and momentum lists, reinforcing favorable near-term sentiment. Best Momentum Stocks to Buy for October 6th
• Neutral Sentiment: Binance is reportedly the leading venue for Sandisk perpetual-futures liquidity, ahead of OKX and Hyperliquid. This may increase trading activity but does not directly change Sandisk’s business fundamentals. Binance Leads SanDisk Perpetuals Liquidity
• Negative Sentiment: Premarket selling earlier in the session reflected profit-taking after the semiconductor sector’s powerful October rally. Analysts also caution that Sandisk’s growth is heavily dependent on memory pricing, while Micron offers broader exposure across memory products and a custom high-bandwidth-memory partnership with Nvidia. Sandisk and Micron AI Memory Stock Comparison

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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