EverSource Wealth Advisors LLC Sells 1,052 Shares of Sandisk Corporation $SNDK

EverSource Wealth Advisors LLC decreased its holdings in Sandisk Corporation (NASDAQ:SNDK) by 37.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,724 shares of the data storage provider’s stock after selling 1,052 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Sandisk were worth $1,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SNDK. GHP Investment Advisors Inc. raised its holdings in Sandisk by 12.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after purchasing an additional 13 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Sandisk by 0.3% during the 4th quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after purchasing an additional 17 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of Sandisk by 0.7% during the 1st quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock valued at $2,246,000 after purchasing an additional 24 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Sandisk by 20.2% during the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after purchasing an additional 37 shares in the last quarter. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Sandisk during the first quarter valued at about $25,000.

Insider Buying and Selling at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the transaction, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. This represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,225 shares of company stock worth $10,166,297 in the last ninety days. 0.21% of the stock is owned by company insiders.

Sandisk Price Performance

NASDAQ:SNDK opened at $1,214.83 on Friday. The firm’s 50-day moving average price is $1,729.14 and its 200-day moving average price is $1,116.58. The company has a market capitalization of $179.90 billion, a PE ratio of 42.23 and a beta of 4.74. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same period last year, the business earned ($0.30) earnings per share. The company’s revenue was up 251.0% on a year-over-year basis. Equities analysts anticipate that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SNDK shares. Cantor Fitzgerald increased their price target on shares of Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Wedbush increased their target price on Sandisk from $1,200.00 to $2,000.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, UBS Group set a $1,700.00 target price on Sandisk in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,811.38.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure spending remains a major potential growth driver. Analysts point to more than $750 billion in expected 2026 Big Tech capital expenditures, which could support demand for Sandisk’s enterprise storage and memory products. Buy 5 AI Infrastructure Stocks as Big Tech’s Assure Lasting AI Frenzy
• Positive Sentiment: Microsoft’s roughly $190 billion capital-spending commitment and strong AI-related results helped revive optimism about data-center demand. Samsung also reported a sharp increase in chip profit and expects memory shortages to persist into 2028, supporting the broader industry outlook. Why Memory Stocks Are Roaring Back
• Positive Sentiment: Several bullish analyses argue that AI inference and enterprise storage may structurally improve NAND demand. Sandisk has reportedly exceeded earnings and revenue expectations for five consecutive quarters, while analysts have continued raising estimates. Sandisk’s Biggest Opportunity Yet
• Neutral Sentiment: Options traders expect a significant move around the August 5 earnings release. The event could bring a sharp rebound if results and guidance confirm AI demand, but it also creates elevated downside risk if expectations are missed. SanDisk Q4 Earnings Options Outlook
• Negative Sentiment: Investors remain concerned that Chinese competition could intensify another NAND downturn. Some analysts also warn that the AI boom may moderate before 2029, making Sandisk’s elevated valuation and ambitious price targets vulnerable. Sandisk Stock Slides as Chinese Competition Rattles NAND Outlook
• Negative Sentiment: The rapid reversal in memory stocks and recent forced selling have weakened sentiment, with Sandisk’s technical indicators reaching deeply oversold levels. That may attract bargain hunters, but it also highlights how sharply expectations and momentum have deteriorated. Is the Sandisk Stock Crash Over?

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.