899 Shares in Sandisk Corporation $SNDK Acquired by Family Wealth Partners LLC

Family Wealth Partners LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 899 shares of the data storage provider’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sandisk in the third quarter valued at $27,000. CVA Family Office LLC purchased a new stake in shares of Sandisk during the 3rd quarter worth about $28,000. Parallel Advisors LLC bought a new position in Sandisk during the third quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Sandisk during the 3rd quarter valued at $32,000. Finally, Covestor Ltd acquired a new stake in shares of Sandisk in the third quarter worth about $37,000.

Insider Activity

In other news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction dated 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 transaction, the director owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. China Renaissance initiated coverage on shares of Sandisk in a report on Friday, December 5th. They set a “buy” rating and a $322.00 price objective for the company. Benchmark lifted their target price on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Sanford C. Bernstein upped their price target on shares of Sandisk from $300.00 to $580.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. The Goldman Sachs Group raised 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, Morgan Stanley set a $690.00 price objective on Sandisk in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $594.48.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Top analyst support rekindled buying interest — a high-profile Wall Street analyst reiterated a bullish outlook, helping lift sentiment after recent weakness. A Top Wall Street Analyst Just Reignited Hope In SanDisk Stock (SNDK)
• Positive Sentiment: Supply-security move with Taiwan’s Nanya: SanDisk is securing NAND/DRAM supply via ties with Nanya (choosing Taiwan capacity), which reduces execution risk amid rapid demand growth and supports longer-term supply tightness. After A 1,600% Stock Surge, SanDisk Is Securing Supply — By Choosing Taiwan Over America
• Positive Sentiment: Firm demand drivers remain: analysts argue SanDisk can still benefit from tight NAND supply, continued hyperscaler AI spending, and broad-based enterprise/edge demand — a structural tailwind if near-term shocks fade. Google’s TurboQuant Shakes SanDisk. What Should You Do With SNDK Stock Now?
• Neutral Sentiment: Strong recent fundamentals and momentum: coverage highlights massive trailing EPS growth and big multi-session gains this year — supportive for momentum investors but increases sensitivity to sentiment reversals. SNDK Stock: 216% EPS Growth & 1,162% Price Performance | 2-Minute Analysis
• Negative Sentiment: Google’s TurboQuant sparked a sector selloff by implying potential changes in memory usage/pricing dynamics — that headline created near-term demand uncertainty and weighed heavily on SNDK and peers. Why Is SanDisk (SNDK) Stock Down Today and Should You Buy the Dip?
• Negative Sentiment: Macro & rate pressures are dragging tech and memory stocks broadly — rising rate/fear environment makes high-multiple momentum names more volatile even if fundamentals remain strong. SNDK, WDC and STX Forecasts – Computer Companies Fall with Everything Else

Sandisk Trading Up 2.1%

Shares of Sandisk stock opened at $615.83 on Friday. Sandisk Corporation has a 1 year low of $27.89 and a 1 year high of $777.60. The company’s fifty day simple moving average is $606.69 and its 200-day simple moving average is $342.26. The company has a market cap of $90.90 billion and a price-to-earnings ratio of -81.14. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

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

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.