Sandisk Corporation $SNDK Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in Sandisk Corporation (NASDAQ:SNDK) by 84.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,770 shares of the data storage provider’s stock after buying an additional 811 shares during the period. Farther Finance Advisors LLC’s holdings in Sandisk were worth $420,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SNDK. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sandisk in the third quarter valued at approximately $27,000. CVA Family Office LLC purchased a new stake in Sandisk in the third quarter valued at approximately $28,000. Westfuller Advisors LLC grew its holdings in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares during the period. Parallel Advisors LLC purchased a new stake in Sandisk in the third quarter valued at approximately $30,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Sandisk in the third quarter valued at approximately $32,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Melius Research initiated coverage with a buy and other firms have raised targets, signaling fresh institutional conviction in SNDK’s upside. Micron, Sandisk Stocks Will Climb 36% and 33% This Quickly, Say Analysts
• Positive Sentiment: Morgan Stanley raised estimates and its target ahead of Q3, boosting near-term demand expectations and lifting sentiment. Sandisk edges up ahead of Q3 earnings; Morgan Stanley increases estimates, target
• Positive Sentiment: Analysts and research notes (CNBC coverage) point to structurally stronger memory demand out to 2030, supporting a multi-year thesis for NAND suppliers including SanDisk. Micron and Sandisk pop as memory demand to remain high through 2030
• Positive Sentiment: Wells Fargo and other banks have moved price targets higher and said they “missed” the rebound, which amplifies buy-side momentum. Wells Fargo Says “We’ve Clearly Missed Sandisk Corporation (SNDK)”
• Positive Sentiment: Media and TV endorsements (Jim Cramer) and multiple analyst notes are highlighting that Sandisk could continue “blowing away” numbers, adding retail momentum. Jim Cramer Believes Sandisk and Western Digital “Can Keep Blowing Away the Numbers”
• Positive Sentiment: Pre-earnings previews (Zacks, TipRanks) show expectations for strong Q3 revenue/EPS driven by AI-related tightness—this reduces execution risk in the near term. Pre-Q3 Earnings: Is Sandisk Stock a Portfolio Must-Have?
• Neutral Sentiment: Macro pieces note the broader AI/tech rally is sustaining flows into memory names; that helps SNDK but also raises correlation risk with the sector. For Hot AI Stocks, ‘The Music’s Playing’—And Shares Are Rising. Can This Continue?
• Neutral Sentiment: Industry coverage says data-storage stocks broadly have had a strong year and earnings could accelerate the move—positive tailwind but not unique to SNDK. Data Storage Stocks Have Had a Great Year So Far. It Could Be About to Get Better.
• Negative Sentiment: Social/analytic threads warn of parabolic moves, insider sales and elevated retail euphoria—risk of sharp pullbacks if results or guidance disappoint. SanDisk Stock (SNDK) Opinions on AI Storage Boom and Earnings Preview
• Negative Sentiment: New ETFs and products make it easier to short or bet against SNDK (“sell the news” strategies), increasing downside liquidity risk around the earnings date. Sell the news? You can now bet against SanDisk stock twice over with this new ETF

Insider Transactions at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Price Performance

SNDK opened at $1,070.20 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. Sandisk Corporation has a 52-week low of $31.01 and a 52-week high of $1,070.66. The company has a 50 day moving average of $726.15 and a two-hundred day moving average of $454.74. The company has a market cap of $157.96 billion, a P/E ratio of -141.00 and a beta of 5.04.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. The firm’s quarterly revenue was up 61.2% on a year-over-year basis. On average, analysts expect that Sandisk Corporation will post 39.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SNDK. Melius Research began coverage on shares of Sandisk in a report on Monday. They issued a “buy” rating for the company. KGI Securities began coverage on shares of Sandisk in a report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 target price for the company. UBS Group set a $1,000.00 target price on shares of Sandisk in a report on Monday, February 2nd. Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, The Goldman Sachs Group boosted their target price on shares of Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $791.05.

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.