Sandisk Corporation $SNDK Stock Holdings Boosted by Sunbelt Securities Inc.

Sunbelt Securities Inc. increased its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 325,666.7% during the first quarter, Holdings Channel.com reports. The fund owned 19,546 shares of the data storage provider’s stock after acquiring an additional 19,540 shares during the quarter. Sandisk accounts for approximately 0.8% of Sunbelt Securities Inc.’s investment portfolio, making the stock its 19th largest position. Sunbelt Securities Inc.’s holdings in Sandisk were worth $12,418,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. acquired a new stake in shares of Sandisk during the second quarter worth $317,000. Merit Financial Group LLC acquired a new stake in Sandisk during the 3rd quarter valued at $408,000. Dimensional Fund Advisors LP purchased a new stake in shares of Sandisk in the third quarter valued at $100,080,000. First Trust Advisors LP purchased a new stake in shares of Sandisk in the third quarter valued at $9,788,000. Finally, Blair William & Co. IL acquired a new stake in shares of Sandisk in the third quarter worth $591,000.

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,096.10 on Wednesday. The stock’s 50-day moving average is $1,747.20 and its 200-day moving average is $1,104.73. The company has a market cap of $162.32 billion, a P/E ratio of 38.10 and a beta of 4.74. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39.

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, beating the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the company earned ($0.30) EPS. Sandisk’s revenue for the quarter was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts predict that Sandisk Corporation will post 64.52 EPS for the current year.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several recent analyst reports. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Citigroup upped their target price on Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. UBS Group set a $1,700.00 price target on shares of Sandisk in a research report on Monday, May 4th. Finally, Mizuho raised their price target on shares of Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Sandisk has an average rating of “Moderate Buy” and an average price target of $1,811.38.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure demand continues to support Sandisk’s memory and data-storage growth. One analysis identifies Sandisk as an AI beneficiary that has outperformed NVIDIA, while its latest reported quarter showed revenue growth of 251% year over year and earnings well above consensus. 2 AI Stocks That Beat NVIDIA – and Could Soar Even Higher
• Neutral Sentiment: Investors are looking ahead to Sandisk’s next earnings report, with the company’s strong results and AI-related demand offering potential support, but the stock’s outlook remains highly dependent on continued growth in memory pricing and demand.
• Negative Sentiment: Chip stocks extended their pullback as concerns about an AI bubble, rising infrastructure costs and stretched expectations weighed on the Nasdaq and the broader AI trade. Chip Stocks Extend Pullback Amid AI Bubble Fears
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) made a strong market debut, while reports of progress on domestically developed Chinese lithography equipment heightened fears that Chinese companies could close the technology gap in NAND and other memory products. Why are Micron, Sandisk, and SK Hynix stocks falling today?
• Negative Sentiment: Technical selling has accelerated after Sandisk’s extraordinary rally from its 2025 spinoff, leaving the shares more than 50% below their June peak and below key moving averages. Analysts and commentators warn that the retreat may reflect both profit-taking and a reset of overly optimistic expectations.

Insiders Place Their Bets

In other news, EVP Alper Ilkbahar sold 2,000 shares of the company’s 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 $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the sale, the insider directly owned 31,515 shares of the company’s stock, valued at $65,803,320. This represents a 1.87% 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. In the last 90 days, insiders sold 6,225 shares of company stock valued at $10,166,297. Corporate insiders own 0.21% of the company’s stock.

About Sandisk

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.