Jones Financial Companies Lllp Makes New Investment in Sandisk Corporation $SNDK

Jones Financial Companies Lllp acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,195 shares of the data storage provider’s stock, valued at approximately $134,000.

Other large investors have also made changes to their positions in the company. CVA Family Office LLC purchased a new position in shares of Sandisk during the 3rd quarter valued at approximately $28,000. Covestor Ltd acquired a new position in Sandisk during the third quarter worth $37,000. Cromwell Holdings LLC purchased a new position in Sandisk during the third quarter valued at $39,000. True Wealth Design LLC purchased a new position in Sandisk during the third quarter valued at $40,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sandisk in the third quarter valued at about $41,000.

Insider Activity

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Mizuho set a $600.00 price objective on Sandisk in a research note on Tuesday, January 27th. The Goldman Sachs Group raised their target price on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Wells Fargo & Company lifted their price target on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Finally, Sanford C. Bernstein increased their price objective on Sandisk from $300.00 to $580.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $542.85.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Traders flagged a Power Inflow alert — a bullish order-flow indicator that signals heavy buying (often institutional). Market participants tracking flow data see this as a near-term technical catalyst supporting the rally. Sandisk Shares Rise Over 3% Following Key Trading Signal
• Positive Sentiment: Strong sector cues: Kioxia’s earnings beat lifted memory stocks broadly, which benefits Sandisk as investors rotate into NAND/flash names on indications of tighter supply and stronger demand. As Kioxia earnings kick memory stocks into gear, should you buy SanDisk here?
• Positive Sentiment: Fundamental demand tailwinds: coverage notes that AI hyperscalers and a NAND shortage are supporting Sandisk’s revenue growth outlook, underpinning stock momentum. Sandisk Rides NAND Shortage As AI Hyperscalers Lock In Supply
• Neutral Sentiment: Price action shows a rebound from early weakness after the offering news — some buyers stepped in after the dip, reducing immediate downside but not removing the overhang from the secondary sale. SanDisk Stock Fights Back From Early Losses After Offering
• Negative Sentiment: Western Digital announced a planned sale of roughly $3.17B of Sandisk shares in a secondary offering; Sandisk won’t receive proceeds. The added supply and headline risk triggered an earlier pullback and remains a near-term overhang on the stock. Western Digital to sell $3.17 billion stake in Sandisk
• Negative Sentiment: Business Wire filings show the secondary offering was launched and priced (5,821,135 shares at $545 per share); though Sandisk is not issuing stock, the sale by a major shareholder increases float and can pressure near-term multiples. Sandisk Announces Pricing of Secondary Offering of Common Stock

Sandisk Price Performance

NASDAQ:SNDK opened at $600.40 on Thursday. Sandisk Corporation has a one year low of $27.89 and a one year high of $725.00. The stock has a market cap of $88.60 billion and a PE ratio of -79.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The stock has a 50 day moving average price of $410.63 and a 200 day moving average price of $231.13.

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

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.