2,552 Shares in Sandisk Corporation $SNDK Bought by Revere Asset Management Inc

Revere Asset Management Inc acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,552 shares of the data storage provider’s stock, valued at approximately $606,000. Sandisk accounts for approximately 0.2% of Revere Asset Management Inc’s investment portfolio, making the stock its 20th largest holding.

Other large investors have also recently bought and sold shares of the company. Whittier Trust Co. bought a new stake in Sandisk in the fourth quarter worth $26,000. Chung Wu Investment Group LLC bought a new stake in Sandisk in the fourth quarter worth $27,000. Westfuller Advisors LLC boosted its holdings in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Sandisk by 137.9% during the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after acquiring an additional 80 shares during the period. Finally, Torren Management LLC bought a new stake in Sandisk during the fourth quarter valued at about $37,000.

Analysts Set New Price Targets

A number of research firms have issued reports on SNDK. Weiss Ratings upgraded shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Wells Fargo & Company upped their price target on shares of Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. KGI Securities began coverage on shares of Sandisk in a report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price target for the company. Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, UBS Group set a $1,700.00 price target on shares of Sandisk in a report on Monday, May 4th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Sandisk has an average rating of “Moderate Buy” and an average target price of $1,157.14.

Sandisk Stock Performance

Shares of SNDK opened at $1,478.69 on Tuesday. The company has a 50-day simple moving average of $999.79 and a 200-day simple moving average of $608.04. The firm has a market capitalization of $218.98 billion, a P/E ratio of 51.40 and a beta of 4.82. Sandisk Corporation has a 52 week low of $35.79 and a 52 week high of $1,600.00.

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

Insider Activity

In other news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were 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 of the company’s stock, valued at $4,359,019. This represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 6,525 shares of company stock valued at $6,555,092. Insiders own 0.21% of the company’s stock.

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.