Modera Wealth Management LLC Invests $362,000 in Sandisk Corporation $SNDK

Modera Wealth Management LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 569 shares of the data storage provider’s stock, valued at approximately $362,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP raised its holdings in Sandisk by 84.2% in the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock valued at $1,073,000 after acquiring an additional 2,067 shares in the last quarter. Tredje AP fonden purchased a new stake in Sandisk during the 4th quarter worth about $7,821,000. ProShare Advisors LLC lifted its holdings in Sandisk by 1,301.5% during the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after buying an additional 31,237 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in shares of Sandisk during the 4th quarter worth about $422,000. Finally, North Dakota State Investment Board acquired a new position in shares of Sandisk during the 4th quarter worth about $1,127,000.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,390.95 on Tuesday. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,354.39. The stock has a market cap of $205.99 billion, a P/E ratio of 48.35 and a beta of 4.74. The firm has a fifty day moving average price of $1,743.12 and a 200 day moving average price of $1,056.26.

Sandisk (NASDAQ:SNDK) last announced its earnings results 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 business 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 quarterly revenue was up 251.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts expect that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SNDK. Wedbush raised 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. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a research note on Friday, May 1st. Melius Research set a $2,350.00 price target on shares of Sandisk in a research report on Monday, May 18th. Royal Bank Of Canada upped 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. Finally, Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Two 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 company. According to data from MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and an average target price of $1,803.29.

Insider Buying and Selling

In other news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the sale, the insider owned 31,515 shares of the company’s stock, valued at $65,803,320. This trade represents a 1.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,225 shares of company stock valued at $10,166,297 over the last 90 days. Insiders own 0.21% of the company’s stock.

Trending Headlines about Sandisk

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)

Sandisk Company 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.