Wealthfront Advisers LLC Makes New $437,000 Investment in Sandisk Corporation $SNDK

Key Points

• Wealthfront Advisers LLC initiated a new Q4 position in Sandisk (SNDK), purchasing 1,839 shares valued at about $437,000.
• Sandisk posted a blowout quarter with $23.41 EPS versus $14.17 consensus and $5.95 billion in revenue (up 251% YoY), and set Q4 guidance of $30.00–33.00 EPS.
• Analysts are largely bullish: the average MarketBeat target is $1,065.81 with most ratings at Buy/Strong Buy and several firms lifting targets into the $1,400–$1,470 range.

Wealthfront Advisers LLC purchased a new position in Sandisk Corporation (NASDAQ:SNDK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,839 shares of the data storage provider's stock, valued at approximately $437,000.

A number of other large investors have also bought and sold shares of the stock. Westfuller Advisors LLC increased its stake in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock valued at $30,000 after buying an additional 43 shares during the period. Everhart Financial Group Inc. increased its stake in shares of Sandisk by 3.4% during the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider's stock valued at $489,000 after buying an additional 67 shares during the period. Assetmark Inc. increased its stake in shares of Sandisk by 71.6% during the fourth quarter. Assetmark Inc. now owns 175 shares of the data storage provider's stock valued at $42,000 after buying an additional 73 shares during the period. Savvy Advisors Inc. increased its stake in shares of Sandisk by 1.3% during the fourth quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider's stock valued at $1,645,000 after buying an additional 87 shares during the period. Finally, Whittier Trust Co. purchased a new position in shares of Sandisk during the fourth quarter valued at approximately $26,000.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several research analyst reports. Benchmark boosted their target price on Sandisk from $260.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. KGI Securities initiated coverage on Sandisk in a research note on Wednesday, March 18th. They set an "outperform" rating and a $992.00 target price on the stock. Arete Research raised Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. Raymond James Financial reissued an "outperform" rating and set a $1,470.00 target price on shares of Sandisk in a research note on Friday. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sandisk has an average rating of "Moderate Buy" and an average target price of $1,065.81.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q3 results and company presentation highlighted a large revenue beat, strong profitability and multi-year datacenter contract momentum that underpin the recent rerating. Sandisk Q3 Results - Presentation
• Positive Sentiment: Top analysts have lifted targets and issued fresh buys — one note projects a $1,700 level and firms including Bernstein upgraded SNDK, fueling momentum. Top analyst reveals when SanDisk stock will hit $1,700
• Positive Sentiment: Market commentary and coverage highlight SNDK’s monster April and YTD performance (making it one of the S&P 500’s top performers), which attracts momentum flows and headline buying. SanDisk Stock Crushes Nvidia With 45x Returns
• Neutral Sentiment: Earnings-estimate revisions and analyst notes from Zacks indicate expectations are moving higher — supportive for further upside but already priced into the stock’s run. Can Sandisk Run Higher on Rising Earnings Estimates?
• Negative Sentiment: Critical coverage flags risk: sequential bit shipments fell and Q4 guidance implies pricing deceleration — a reminder that recent upside came largely from price/mix, not volume, raising execution and seasonality risk. Sandisk: The Call Was A Warning
• Negative Sentiment: Valuation/technical concerns — some outlets say the rally leaves little room to run and set 12-month targets below current levels, suggesting increased downside if momentum fades. SanDisk Stock’s Rally Leaves Little Room to Run

Insiders Place Their Bets

In related news, 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 sale, the director directly owned 9,907 shares of the company's stock, valued at $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by insiders.

Sandisk Price Performance

Shares of SNDK stock opened at $1,255.86 on Tuesday. The stock has a market cap of $185.36 billion, a price-to-earnings ratio of 43.65 and a beta of 4.82. The business's fifty day moving average is $753.17 and its 200 day moving average is $474.35. Sandisk Corporation has a twelve month low of $33.13 and a twelve month high of $1,275.11. The company has a quick ratio of 3.62, a current ratio of 4.78 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk's revenue for the quarter was up 251.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts expect that Sandisk Corporation will post 47.45 EPS for the current fiscal year.

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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