555 Shares in Sandisk Corporation $SNDK Bought by Alta Advisers Ltd

Alta Advisers Ltd bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 555 shares of the data storage provider’s stock, valued at approximately $353,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SNDK. Osaic Holdings Inc. acquired a new stake in shares of Sandisk in the 2nd quarter worth approximately $317,000. Merit Financial Group LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth $408,000. Dimensional Fund Advisors LP purchased a new stake in shares of Sandisk in the third quarter worth about $100,080,000. First Trust Advisors LP purchased a new stake in shares of Sandisk during the third quarter valued at approximately $9,788,000. Finally, Blair William & Co. IL bought a new position in Sandisk during the 3rd quarter valued at $591,000.

Insider Buying and Selling

In other news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,225 shares of company stock worth $10,166,297. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Up 2.7%

NASDAQ:SNDK opened at $1,390.95 on Tuesday. The firm has a market capitalization of $205.99 billion, a PE ratio of 48.35 and a beta of 4.74. The firm has a 50-day moving average price of $1,743.12 and a 200 day moving average price of $1,056.26. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts expect that Sandisk Corporation will post 64.52 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group set a $1,700.00 target price on Sandisk in a research report on Monday, May 4th. Zacks Research cut shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada raised their price objective on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Wells Fargo & Company boosted their price objective on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,803.29.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory and semiconductor stocks are rebounding sharply in Monday trading, lifting Sandisk along with peers as investors regain confidence after the recent selloff. Micron Jumps 5%, SanDisk Rises 6%, Western Digital Climbs 4% as Memory Stocks Rebound With Chips
• Positive Sentiment: Investors are viewing the memory-stock pullback as a strong entry point, which is encouraging dip-buying in SanDisk and other chip names. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In.
• Positive Sentiment: Morgan Stanley reportedly flagged several semiconductor and AI infrastructure stocks as attractive after the memory-equity selloff, supporting a broader rebound in the group. Banking giant names 7 stocks to buy after memory equities sell-off
• Positive Sentiment: Recent commentary remains constructive on Sandisk’s earnings power, citing strong revenue growth, higher margins, and its position in AI storage demand. Sandisk: The Math Supporting A Rare Opportunity
• Positive Sentiment: Additional bullish coverage says Sandisk remains attractive despite its big 2026 run, pointing to ongoing memory-chip shortage conditions. Sandisk: Even After a 580% Rise in 2026, It’s Still a Screaming Buy (NASDAQ: SNDK)

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.