Romano Brothers AND Company Invests $693,000 in Sandisk Corporation $SNDK

Romano Brothers AND Company acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,174 shares of the data storage provider’s stock, valued at approximately $693,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Deprince Race & Zollo Inc. bought a new position in shares of Sandisk during the 3rd quarter worth about $39,480,000. Voya Investment Management LLC acquired a new position in Sandisk in the third quarter worth about $8,917,000. CWM LLC acquired a new position in Sandisk in the third quarter worth about $7,374,000. Yousif Capital Management LLC acquired a new stake in Sandisk during the third quarter valued at approximately $5,041,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Sandisk in the 3rd quarter valued at approximately $4,047,000.

Sandisk Stock Performance

SNDK stock opened at $237.38 on Friday. The company has a 50 day moving average price of $224.50 and a 200 day moving average price of $123.59. Sandisk Corporation has a fifty-two week low of $27.89 and a fifty-two week high of $284.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. The stock has a market capitalization of $34.79 billion and a PE ratio of 741.81.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SNDK. Citigroup increased their price objective on Sandisk from $150.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Wedbush boosted their price target on shares of Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Benchmark reiterated a “buy” rating on shares of Sandisk in a research note on Thursday, December 18th. Finally, Bank of America raised their price target on Sandisk from $270.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $213.33.

Insider Buying and Selling at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This represents a 26.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

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.