Savant Capital LLC Makes New Investment in Sandisk Corporation $SNDK

Savant Capital LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,969 shares of the data storage provider’s stock, valued at approximately $1,455,000.

Several other large investors have also recently modified their holdings of SNDK. CVA Family Office LLC purchased a new stake in Sandisk during the 3rd quarter valued at about $28,000. Covestor Ltd purchased a new position in Sandisk in the 3rd quarter worth approximately $37,000. Cromwell Holdings LLC bought a new stake in Sandisk in the third quarter valued at approximately $39,000. True Wealth Design LLC purchased a new stake in shares of Sandisk during the third quarter valued at approximately $40,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sandisk in the third quarter worth approximately $41,000.

Insider Transactions at Sandisk

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

Sandisk Stock Performance

Shares of SNDK opened at $583.40 on Tuesday. The company has a 50-day simple moving average of $356.71 and a two-hundred day simple moving average of $204.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The firm has a market capitalization of $86.09 billion and a PE ratio of -76.86. Sandisk Corporation has a one year low of $27.89 and a one year high of $725.00.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The company’s revenue for the quarter was up 61.2% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SNDK. Mizuho set a $600.00 price target on shares of Sandisk in a research report on Tuesday, January 27th. UBS Group set a $1,000.00 target price on shares of Sandisk in a report on Monday, February 2nd. Barclays boosted their price target on Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. The Goldman Sachs Group upped their price target on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company lifted their price objective on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $542.85.

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.