Miracle Mile Advisors LLC Acquires New Stake in Sandisk Corporation $SNDK

Miracle Mile Advisors LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,258 shares of the data storage provider’s stock, valued at approximately $1,151,000.

A number of other institutional investors have also recently made changes to their positions in SNDK. Farther Finance Advisors LLC bought a new stake in shares of Sandisk during the 3rd quarter worth $108,000. PFS Partners LLC purchased a new stake in Sandisk during the third quarter valued at about $168,000. Parcion Private Wealth LLC purchased a new stake in Sandisk during the third quarter valued at about $200,000. ARS Investment Partners LLC bought a new stake in Sandisk during the third quarter worth about $248,000. Finally, S.A. Mason LLC purchased a new position in shares of Sandisk in the 3rd quarter worth about $252,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Sandisk in a report on Monday, December 8th. They set a “neutral” rating and a $235.00 price objective on the stock. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Benchmark reaffirmed a “buy” rating on shares of Sandisk in a research note on Thursday, December 18th. Citigroup lifted their target price on shares of Sandisk from $150.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $213.33.

Insiders Place Their Bets

In other news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Sandisk Trading Up 15.9%

Shares of SNDK opened at $275.24 on Friday. The stock has a market capitalization of $40.34 billion and a P/E ratio of 860.13. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $284.76. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $226.28 and a two-hundred day simple moving average of $125.77.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, beating the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.12 billion. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

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.