Kestra Advisory Services LLC Boosts Stock Position in Sandisk Corporation $SNDK

Kestra Advisory Services LLC increased its holdings in Sandisk Corporation (NASDAQ:SNDK) by 33.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,666 shares of the data storage provider’s stock after purchasing an additional 925 shares during the period. Kestra Advisory Services LLC’s holdings in Sandisk were worth $2,329,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SNDK. State Street Corp bought a new position in Sandisk during the third quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sandisk in the 3rd quarter worth $297,293,000. Norges Bank bought a new stake in shares of Sandisk in the 4th quarter worth about $518,889,000. Bank of America Corp DE bought a new stake in shares of Sandisk in the 3rd quarter worth about $190,425,000. Finally, AQR Capital Management LLC bought a new stake in shares of Sandisk in the 3rd quarter worth about $163,057,000.

Sandisk Stock Down 0.0%

SNDK stock opened at $1,354.38 on Monday. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The stock has a market capitalization of $200.57 billion, a price-to-earnings ratio of 47.08 and a beta of 4.74. The firm’s fifty day simple moving average is $1,746.25 and its two-hundred day simple moving average is $1,048.16.

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

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Despite the pullback, several recent pieces remain constructive on Sandisk’s long-term setup, pointing to strong demand from AI infrastructure and tighter memory supply conditions that could support revenue and margins. Article Title
• Positive Sentiment: Sandisk’s valuation has come down sharply from recent highs, with some investors and analysts arguing the selloff may have made the stock more attractive relative to its growth outlook. Article Title
• Neutral Sentiment: Sandisk also announced progress on its Fab2 project with Kioxia and said BiCS10 sampling has begun, a development that supports its product roadmap but is not an immediate earnings catalyst. Article Title
• Negative Sentiment: Technical damage has intensified after the stock broke key support levels, with chart watchers citing a sharp drop from recent peaks and warning that momentum has turned decisively lower ahead of the next earnings report. Article Title
• Negative Sentiment: Sector-wide weakness, including concerns about Chinese competition and a broad AI-chip rotation, has added to the selloff in memory stocks such as Sandisk. Article Title

Insider Activity

In related news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SNDK. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Argus started coverage on Sandisk in a research report on Wednesday, July 15th. They issued a “hold” rating for the company. Melius Research set a $2,350.00 price objective on Sandisk in a research note on Monday, May 18th. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Susquehanna raised their price objective on Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and an average target price of $1,803.29.

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.