Harmony Asset Management LLC Acquires Shares of 1,485 Sandisk Corporation $SNDK

Harmony Asset Management LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,485 shares of the data storage provider’s stock, valued at approximately $353,000.

A number of other institutional investors have also modified their holdings of SNDK. Osaic Holdings Inc. purchased a new position in shares of Sandisk during the 2nd quarter valued at about $317,000. Merit Financial Group LLC purchased a new position in shares of Sandisk in the 3rd quarter valued at about $408,000. SG Americas Securities LLC purchased a new position in shares of Sandisk in the 3rd quarter valued at about $722,000. Evergreen Capital Management LLC purchased a new position in shares of Sandisk in the 3rd quarter valued at about $706,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Sandisk in the 3rd quarter valued at about $360,000.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SNDK. Melius Research set a $2,350.00 price target on Sandisk in a research note on Monday. Barclays lifted their price target on Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Evercore reiterated an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, Cantor Fitzgerald boosted their price objective on Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $1,157.14.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Citi raised its price target on Sandisk to $2,025 from $1,300 and kept a Buy rating, reinforcing the view that AI data-center demand for NAND flash is still accelerating. Barrons article on Citi target hike
• Positive Sentiment: Analysts and market commentary continue to highlight a structural storage shortage, with enterprise SSD and NAND pricing rising sharply as hyperscalers and AI builders expand infrastructure. MarketBeat article on AI rotation
• Positive Sentiment: Sandisk’s recent earnings and guidance remain a major bullish catalyst: the company reported strong revenue growth and a large EPS beat, showing that the pricing cycle is already boosting results. Sandisk earnings overview
• Positive Sentiment: Several articles noted that Sandisk has become a favored AI-memory trade, with high-profile investors rotating into the name and Wall Street broadly raising targets. TipRanks analyst target article
• Neutral Sentiment: Sandisk presented at J.P. Morgan’s Technology, Media and Communications Conference, which may have helped keep the stock in focus, but no major new corporate announcement was highlighted in the transcript title. Conference transcript
• Negative Sentiment: Recent pullbacks have been driven by broader chip-sector weakness, including concerns about supply, capacity, and rising Treasury yields pressuring high-valuation tech names. Benzinga article on yields and chip stocks

Insider Transactions at Sandisk

In other news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the transaction, the director directly owned 2,900 shares in the company, valued at $4,359,019. The trade was a 16.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,525 shares of company stock worth $6,555,092 in the last ninety days. Insiders own 0.21% of the company’s stock.

Sandisk Trading Up 0.7%

NASDAQ:SNDK opened at $1,392.56 on Thursday. Sandisk Corporation has a 12 month low of $35.79 and a 12 month high of $1,600.00. The stock has a 50 day moving average of $947.66 and a two-hundred day moving average of $580.59. The firm has a market cap of $206.22 billion, a P/E ratio of 48.40 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The business had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current year.

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.