World Investment Advisors Purchases New Position in Sandisk Corporation $SNDK

Key Points

• World Investment Advisors opened a new position in Sandisk during the fourth quarter, buying 1,084 shares worth about $257,000.
• Sandisk reported a blowout quarterly earnings beat, posting $23.41 EPS versus expectations of $14.17, while revenue surged 251% year over year to $5.95 billion.
• Despite recent volatility, Wall Street remains bullish: multiple analysts raised price targets, and Sandisk now has a Moderate Buy consensus rating with an average target of $1,603.29.

World Investment Advisors acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,084 shares of the data storage provider's stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SNDK. Allworth Financial LP raised its position in Sandisk by 84.2% in the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider's stock valued at $1,073,000 after purchasing an additional 2,067 shares during the last quarter. Tredje AP fonden acquired a new position in shares of Sandisk in the fourth quarter valued at approximately $7,821,000. ProShare Advisors LLC increased its stake in shares of Sandisk by 1,301.5% in the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider's stock valued at $7,985,000 after buying an additional 31,237 shares during the period. FourThought Financial Partners LLC acquired a new position in shares of Sandisk in the fourth quarter valued at approximately $422,000. Finally, North Dakota State Investment Board bought a new position in Sandisk in the 4th quarter valued at approximately $1,127,000.

Sandisk Stock Down 10.5%

SNDK opened at $2,090.71 on Friday. The stock has a market cap of $309.61 billion, a PE ratio of 72.67 and a beta of 4.87. The company has a fifty day moving average of $1,546.01 and a 200-day moving average of $881.10. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts' consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the business posted ($0.30) earnings per share. The company's revenue for the quarter was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts anticipate that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SNDK shares. Morgan Stanley boosted their target price on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Wednesday, June 3rd. Royal Bank Of Canada raised their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the company a "sector perform" rating in a research note on Friday, May 1st. The Goldman Sachs Group reiterated a "buy" rating and set a $1,200.00 price target on shares of Sandisk in a report on Friday, May 1st. Citigroup boosted their price objective on shares of Sandisk from $2,025.00 to $2,500.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Susquehanna increased their price objective on Sandisk from $2,000.00 to $3,250.00 and gave the company a "positive" rating in a report on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Sandisk has a consensus rating of "Moderate Buy" and an average price target of $1,603.29.

Trending Headlines about Sandisk

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

Insiders Place Their Bets

In related news, EVP Alper Ilkbahar sold 2,000 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction 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 $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Necip Sayiner sold 579 shares of the firm's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 5,625 shares of company stock valued at $8,913,497. Insiders own 0.21% of the company's stock.

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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