Sandisk Corporation $SNDK Shares Sold by Trek Financial LLC

Trek Financial LLC lowered its stake in Sandisk Corporation (NASDAQ:SNDK) by 88.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,721 shares of the data storage provider’s stock after selling 20,410 shares during the quarter. Trek Financial LLC’s holdings in Sandisk were worth $646,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new stake in Sandisk in the 4th quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Sandisk in the 3rd quarter valued at $27,000. Chung Wu Investment Group LLC acquired a new stake in Sandisk in the 4th quarter valued at $27,000. CVA Family Office LLC acquired a new stake in Sandisk in the 3rd quarter valued at $28,000. Finally, Westfuller Advisors LLC grew its stake in Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after acquiring an additional 43 shares during the period.

Wall Street Analysts Forecast Growth

SNDK has been the topic of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $1,100.00 price target on shares of Sandisk in a research note on Monday, April 27th. UBS Group set a $1,700.00 price target on shares of Sandisk in a research note on Monday, May 4th. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Wedbush lifted their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Barclays lifted their target price on shares of Sandisk from $750.00 to $1,200.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,065.81.

Insider Activity

In related news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the sale, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Miyuki Suzuki sold 3,500 shares of the business’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 sale, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by insiders.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: New leveraged ETFs tied to Sandisk and other chip names are adding speculative demand and reinforcing momentum in AI-related semiconductor stocks. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
• Positive Sentiment: Recent commentary continues to highlight strong AI storage demand, record results, and bullish price targets, including talk that Sandisk could still have meaningful upside from current levels. SanDisk (SNDK) Delivered a Record Quarter. The AI Storage Bull Case Is Intact
• Positive Sentiment: SanDisk remains a major beneficiary of the memory-chip boom, with multiple reports pointing to strong NAND demand tied to AI data-center buildouts and constrained supply. Why Micron, Sandisk Stock Are Climbing Despite Fears of an Even Bigger Memory-Chip Shortage
• Neutral Sentiment: Analyst and media coverage is emphasizing that Sandisk’s parabolic year-to-date move has made it one of the market’s most closely watched momentum names. SanDisk And Micron Had Their Run – This New ‘Photonics’ ETF Has 15 Triple-Digit Gainers Inside
• Neutral Sentiment: Insider selling by a director was disclosed, but the transaction was relatively small compared with the company’s huge market value and does not by itself change the longer-term thesis. Necip Sayiner Sells 579 Shares of Sandisk (NASDAQ:SNDK) Stock
• Negative Sentiment: Sandisk was hit by a broader chip and memory-sector selloff as investors took profits after an enormous rally, with several reports warning the stock may be overdue for a pullback. What’s Going On With SanDisk Stock Tuesday?
• Negative Sentiment: Technical commentary is increasingly cautious, noting overbought conditions after Sandisk’s explosive run and suggesting traders may be locking in gains. SanDisk stock is in a bull run — but RSI says a pullback may be near

Sandisk Trading Down 0.3%

Shares of SNDK stock opened at $1,447.23 on Thursday. The company’s 50-day moving average price is $866.60 and its 200-day moving average price is $538.61. The stock has a market cap of $214.32 billion, a price-to-earnings ratio of 50.30 and a beta of 4.82. Sandisk Corporation has a twelve month low of $35.79 and a twelve month high of $1,600.00.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating 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%. The company’s revenue was up 251.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts predict that Sandisk Corporation will post 63.93 EPS for the current year.

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.