waypoint wealth counsel Acquires Shares of 1,632 Sandisk Corporation $SNDK

waypoint wealth counsel acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,632 shares of the data storage provider’s stock, valued at approximately $387,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in Sandisk in the 3rd quarter valued at $1,970,388,000. State Street Corp bought a new position in shares of Sandisk in the 3rd quarter worth $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk in the 3rd quarter worth $297,293,000. Bank of America Corp DE bought a new position in shares of Sandisk in the 3rd quarter worth $190,425,000. Finally, AQR Capital Management LLC bought a new position in shares of Sandisk in the 3rd quarter worth $163,057,000.

Sandisk Stock Performance

SNDK opened at $954.50 on Thursday. The business’s 50-day moving average price is $703.96 and its two-hundred day moving average price is $434.16. Sandisk Corporation has a 1 year low of $30.31 and a 1 year high of $981.06. The company has a market capitalization of $140.88 billion, a price-to-earnings ratio of -126.45 and a beta of 5.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. The business’s quarterly revenue was up 61.2% compared to the same quarter last year. Equities analysts expect that Sandisk Corporation will post 39.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on SNDK. Morgan Stanley set a $690.00 price target on Sandisk in a research report on Friday, January 30th. Wells Fargo & Company raised their price target on Sandisk from $675.00 to $975.00 and gave the stock an “equal weight” rating in a research report on Monday. Evercore began coverage on Sandisk in a research report on Monday, April 13th. They issued an “outperform” rating and a $1,200.00 price target on the stock. The Goldman Sachs Group raised their price target on Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, UBS Group set a $1,000.00 price target on Sandisk in a research report on Monday, February 2nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $752.48.

Insider Activity

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of Sandisk 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 sale, the director owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This trade represents a 26.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by corporate 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.