OneAscent Financial Services LLC Purchases Shares of 911 Sandisk Corporation $SNDK

OneAscent Financial Services LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 911 shares of the data storage provider’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in Sandisk in the third quarter valued at about $1,970,388,000. State Street Corp purchased a new stake in Sandisk in the third quarter valued at about $491,053,000. Geode Capital Management LLC raised its stake in Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock valued at $866,310,000 after buying an additional 1,133,276 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Sandisk in the third quarter valued at about $297,293,000. Finally, Norges Bank purchased a new stake in Sandisk in the fourth quarter valued at about $518,889,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,100, pointing to strong NAND demand, tight supply, and improved earnings visibility from new long-term supply deals. SanDisk wins big BofA target upgrade as new supply deals shore up earnings visibility
• Positive Sentiment: Mizuho and other analysts also boosted their targets, reinforcing the view that Sandisk can keep beating expectations as AI/datacenter memory demand stays strong. Sandisk Stock Jumps—Again. Don’t Worry About New Memory Supply, Say Analysts.
• Positive Sentiment: Sandisk’s shift to multi-year NAND supply agreements is being viewed as a profitability boost, with more revenue now locked in under firm commitments. SNDK’s New Business Model Boosts Profitability: Time to Buy the Stock?
• Neutral Sentiment: Some commentary framed the move as part of a broader memory-stock rebound after Friday’s selloff, suggesting sector sentiment is also helping SNDK. Micron Rockets 8%, Western Digital Surges 7%, SanDisk Pops 6% in Memory-Stock Snap-Back
• Neutral Sentiment: One bearish takeaway argued that a potential SK Hynix listing could pressure Sandisk’s valuation premium, but this appears secondary to today’s bullish analyst actions. SK Hynix’s Potential Listing Will Crumble Sandisk’s Premium

Sandisk Price Performance

SNDK stock opened at $1,642.00 on Tuesday. The firm’s fifty day simple moving average is $1,195.40 and its 200-day simple moving average is $708.69. The company has a market capitalization of $243.16 billion, a P/E ratio of 57.07 and a beta of 4.88. Sandisk Corporation has a 12 month low of $39.44 and a 12 month high of $1,861.00.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate of $14.17 by $9.24. The business 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 firm’s revenue was up 251.0% on a year-over-year basis. During the same period last year, the company earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on SNDK. Susquehanna increased their price target 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. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Mizuho raised their price objective on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research note on Monday. Wells Fargo & Company increased their price target on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, KGI Securities began coverage on shares of Sandisk in a report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,580.67.

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction that occurred on Monday, June 1st. The stock was 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 directly owned 52,677 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the transaction, the insider owned 32,232 shares of the company’s stock, valued at approximately $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,625 shares of company stock valued at $8,913,497 in the last ninety days. Insiders own 0.21% of the company’s stock.

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.