Dakota Wealth Management Acquires New Shares in Sandisk Corporation $SNDK

Dakota Wealth Management bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,111 shares of the data storage provider’s stock, valued at approximately $264,000.

A number of other large investors have also recently made changes to their positions in SNDK. Everhart Financial Group Inc. grew its position in shares of Sandisk by 3.4% in the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock valued at $489,000 after purchasing an additional 67 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Sandisk by 18.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the data storage provider’s stock valued at $179,000 after purchasing an additional 116 shares during the period. GAMMA Investing LLC lifted its holdings in Sandisk by 3.2% during the 4th quarter. GAMMA Investing LLC now owns 4,042 shares of the data storage provider’s stock worth $959,000 after purchasing an additional 126 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sandisk during the 3rd quarter worth about $27,000. Finally, CVA Family Office LLC bought a new position in Sandisk in the 3rd quarter worth about $28,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. KGI Securities assumed coverage on Sandisk in a report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 target price for the company. Bank of America increased their price target on shares of Sandisk from $850.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Wells Fargo & Company boosted their price objective on shares of Sandisk from $230.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. UBS Group set a $1,000.00 target price on shares of Sandisk in a report on Monday, February 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $650.00 target price on shares of Sandisk in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average price target of $594.48.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst upgrade and structural thesis — A Seeking Alpha upgrade highlights structural industry improvements (AI data-center demand, tight supply) but cautions on buying near all‑time highs; the note appears to have supported the rally. Sandisk: Structural Industry Improvements, But Be Cautious Near All-Time Highs (Upgrade)
• Positive Sentiment: Strong recent results and AI-driven guidance — Coverage highlighting Sandisk’s 61% YoY revenue jump, ~51% margins and upbeat Q3 guidance reinforces the view that AI storage demand is real and durable. That fundamental momentum is a primary reason investors are buying the stock. SanDisk (SNDK) Stock Jumps 61% Year-Over-Year: Is AI Demand Sustainable?
• Positive Sentiment: Product mix and margin upside — Analysts at Zacks point to Sandisk’s shift into higher‑value SSDs and AI data‑center products as a driver of rapid profitability gains, supporting a higher earnings multiple. SNDK Leans Into High-Value Product Mix: Can It Sustain Margin Upside?
• Positive Sentiment: Memory supercycle narrative regained — 24/7 Wall St. reiterates that the memory supercycle driven by AI is far from over, which helped reverse last week’s selloff and lift SNDK. SanDisk Gains 5%: 3 Reasons the Memory Supercycle Is Far From Over
• Neutral Sentiment: Short-term analyst/market activity — Pre-market coverage noting a bounce in Micron and Sandisk after a sharp selloff suggests traders are buying the dip; helpful for momentum but not a long-term signal. Micron (MU) and SanDisk (SNDK) Stocks Are Rising in Pre-Market Today — Why Analysts Say the Bounce May Continue
• Neutral Sentiment: Upcoming catalyst — Sandisk set its fiscal Q3 earnings call for April 30; this is the next major event that could confirm sustainability of revenue/margin trends. Sandisk to Report Fiscal Third Quarter Results on April 30, 2026
• Negative Sentiment: Sector cool-off and technical risks — Broader coverage (Investopedia) notes that memory stocks, after being one of 2025’s hottest trades, have cooled; investors should be wary of mean reversion and volatile swings. Memory Stocks Were One of 2025’s Hottest Trades. Now They’ve Cooled Off.
• Negative Sentiment: Compression risk from AI software — Recent market moves were partly driven by fears that software-level memory compression (e.g., Alphabet’s TurboQuant) could reduce hardware demand; several notes warn this is a risk to future growth and could pressure multiples. After Falling Nearly 9% Last Week, Has Alphabet Lost Its Edge? (SNDK)

Sandisk Stock Performance

NASDAQ SNDK opened at $635.34 on Wednesday. Sandisk Corporation has a 52-week low of $27.89 and a 52-week high of $777.60. The company has a fifty day moving average of $613.51 and a 200-day moving average of $353.48. The company has a market capitalization of $93.78 billion and a P/E ratio of -83.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. The business’s quarterly revenue was up 61.2% on a year-over-year basis.

Insider Activity

In other news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.