Wealth Enhancement Advisory Services LLC Acquires Shares of 30,194 Sandisk Corporation $SNDK

Wealth Enhancement Advisory Services LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 30,194 shares of the data storage provider’s stock, valued at approximately $3,652,000.

A number of other hedge funds have also recently bought and sold shares of SNDK. New York State Teachers Retirement System bought a new position in shares of Sandisk during the third quarter worth about $13,546,000. HB Wealth Management LLC acquired a new stake in Sandisk during the third quarter valued at approximately $348,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Sandisk during the 3rd quarter worth approximately $514,000. RWC Asset Management LLP acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $6,892,000. Finally, Parnassus Investments LLC bought a new stake in shares of Sandisk in the 3rd quarter valued at approximately $103,815,000.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $503.88 on Wednesday. The stock’s 50 day moving average price is $288.85 and its 200 day moving average price is $169.92. Sandisk Corporation has a 12 month low of $27.89 and a 12 month high of $509.50. The stock has a market cap of $73.85 billion and a price-to-earnings ratio of 1,574.63. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.12 billion. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director owned 3,479 shares in the company, valued at approximately $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SNDK. China Renaissance began coverage on shares of Sandisk in a research note on Friday, December 5th. They set a “buy” rating and a $322.00 target price for the company. Bank of America boosted their price objective on shares of Sandisk from $300.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. Finally, Wells Fargo & Company increased their price target on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average price target of $348.95.

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.