Wealthfront Advisers LLC Makes New $437,000 Investment in Sandisk Corporation $SNDK

Wealthfront Advisers LLC bought a new position in Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,839 shares of the data storage provider’s stock, valued at approximately $437,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Sandisk in the 3rd quarter valued at about $1,136,000. New York State Teachers Retirement System acquired a new stake in Sandisk during the 3rd quarter worth approximately $13,546,000. Y Intercept Hong Kong Ltd acquired a new stake in Sandisk during the 3rd quarter worth approximately $7,046,000. Sage Rhino Capital LLC acquired a new stake in Sandisk during the 3rd quarter worth approximately $587,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Sandisk during the 3rd quarter worth approximately $514,000.

Analyst Ratings Changes

A number of analysts recently issued reports on SNDK shares. UBS Group set a $1,700.00 target price on shares of Sandisk in a research report on Monday. Sanford C. Bernstein increased their target price on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Monday. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Evercore reissued an “outperform” rating and set a $1,400.00 target price on shares of Sandisk in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,065.81.

Insider Activity

In related news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the transaction, the director owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Sandisk Price Performance

SNDK stock opened at $1,255.86 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.62 and a current ratio of 4.78. Sandisk Corporation has a 1 year low of $33.13 and a 1 year high of $1,275.11. The firm has a market cap of $185.36 billion, a P/E ratio of 43.65 and a beta of 4.82. The stock has a 50-day simple moving average of $753.17 and a 200-day simple moving average of $474.35.

Sandisk (NASDAQ:SNDK) last posted its 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 return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion during the quarter. During the same quarter last year, the business posted ($0.30) EPS. Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities analysts predict that Sandisk Corporation will post 47.45 earnings per share for the current fiscal year.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q3 results and company presentation highlighted a large revenue beat, strong profitability and multi-year datacenter contract momentum that underpin the recent rerating. Sandisk Q3 Results – Presentation
• Positive Sentiment: Top analysts have lifted targets and issued fresh buys — one note projects a $1,700 level and firms including Bernstein upgraded SNDK, fueling momentum. Top analyst reveals when SanDisk stock will hit $1,700
• Positive Sentiment: Market commentary and coverage highlight SNDK’s monster April and YTD performance (making it one of the S&P 500’s top performers), which attracts momentum flows and headline buying. SanDisk Stock Crushes Nvidia With 45x Returns
• Neutral Sentiment: Earnings-estimate revisions and analyst notes from Zacks indicate expectations are moving higher — supportive for further upside but already priced into the stock’s run. Can Sandisk Run Higher on Rising Earnings Estimates?
• Negative Sentiment: Critical coverage flags risk: sequential bit shipments fell and Q4 guidance implies pricing deceleration — a reminder that recent upside came largely from price/mix, not volume, raising execution and seasonality risk. Sandisk: The Call Was A Warning
• Negative Sentiment: Valuation/technical concerns — some outlets say the rally leaves little room to run and set 12-month targets below current levels, suggesting increased downside if momentum fades. SanDisk Stock’s Rally Leaves Little Room to Run

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.