Evergreen Capital Management LLC Takes $706,000 Position in Sandisk Corporation $SNDK

Evergreen Capital Management LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 6,295 shares of the data storage provider’s stock, valued at approximately $706,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC bought a new position in Sandisk in the third quarter worth approximately $39,000. True Wealth Design LLC acquired a new position in shares of Sandisk during the third quarter worth approximately $40,000. Webster Bank N. A. bought a new position in shares of Sandisk in the 3rd quarter worth $45,000. Global Retirement Partners LLC acquired a new stake in Sandisk in the 3rd quarter valued at $49,000. Finally, Mather Group LLC. bought a new stake in Sandisk during the 3rd quarter valued at $60,000.

Sandisk Stock Up 9.5%

SNDK opened at $453.12 on Wednesday. Sandisk Corporation has a fifty-two week low of $27.89 and a fifty-two week high of $457.37. The firm has a market capitalization of $66.40 billion and a P/E ratio of 1,416.00. The company’s 50-day moving average is $266.07 and its 200 day moving average is $154.42. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, beating the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. The company’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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cantor Fitzgerald raised their price objective on shares of Sandisk from $240.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Benchmark raised their price target on shares of Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a report on Monday, December 29th. Citigroup increased their price objective on Sandisk from $280.00 to $490.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Sanford C. Bernstein lifted their target price on Sandisk from $300.00 to $580.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $327.89.

Insider Buying and Selling

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

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.