PDS Planning Inc Acquires Shares of 2,867 Sandisk Corporation $SNDK

PDS Planning Inc bought a new position in Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,867 shares of the data storage provider’s stock, valued at approximately $322,000.

Other institutional investors have also modified their holdings of the company. Voya Investment Management LLC bought a new stake in Sandisk during the 3rd quarter valued at $8,917,000. Deprince Race & Zollo Inc. bought a new stake in shares of Sandisk in the third quarter valued at about $39,480,000. Romano Brothers AND Company purchased a new stake in Sandisk in the third quarter worth about $693,000. CWM LLC purchased a new stake in Sandisk in the third quarter worth about $7,374,000. Finally, Perpetual Ltd bought a new position in Sandisk during the 3rd quarter worth about $558,000.

Analyst Ratings Changes

Several research firms have recently commented on SNDK. Sanford C. Bernstein upgraded shares of Sandisk to a “strong-buy” rating in a report on Tuesday, September 16th. Cantor Fitzgerald boosted their price objective on shares of Sandisk from $240.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Morgan Stanley increased their target price on Sandisk from $263.00 to $273.00 and gave the company an “overweight” rating in a research report on Monday, November 24th. Fox Advisors raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Benchmark restated a “buy” rating on shares of Sandisk in a research note on Thursday, December 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and an average target price of $213.33.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the sale, the director owned 3,479 shares in the company, valued at approximately $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

Shares of SNDK opened at $275.24 on Monday. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. The firm has a market cap of $40.34 billion and a PE ratio of 860.13. Sandisk Corporation has a 12 month low of $27.89 and a 12 month high of $284.76. The stock has a fifty day moving average price of $226.28 and a 200-day moving average price of $126.35.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Sandisk Company 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.