Evoke Wealth LLC Invests $281,000 in Sandisk Corporation $SNDK

Evoke Wealth LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, Holdings Channel.com reports. The firm acquired 1,185 shares of the data storage provider’s stock, valued at approximately $281,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. purchased a new stake in Sandisk in the 4th quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Sandisk during the 3rd quarter valued at $27,000. Chung Wu Investment Group LLC purchased a new position in shares of Sandisk during the 4th quarter valued at $27,000. Westfuller Advisors LLC increased its holdings in shares of 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 during the period. Finally, Parallel Advisors LLC bought a new position in shares of Sandisk in the third quarter worth $30,000.

Sandisk Price Performance

NASDAQ SNDK opened at $1,478.69 on Tuesday. The stock’s 50-day simple moving average is $999.79 and its two-hundred day simple moving average is $608.04. Sandisk Corporation has a twelve month low of $35.79 and a twelve month high of $1,600.00. The company has a market capitalization of $218.98 billion, a price-to-earnings ratio of 51.40 and a beta of 4.82.

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

Insider Buying and Selling

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,525 shares of company stock worth $6,555,092 in the last quarter. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on SNDK. Mizuho set a $1,220.00 price objective on Sandisk in a research note on Friday, May 1st. Bank of America raised their price target on Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a report on Friday, April 17th. Melius Research set a $2,350.00 price target on Sandisk in a research report on Monday, May 18th. Wells Fargo & Company boosted their price objective on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, UBS Group set a $1,700.00 price objective on shares of Sandisk in a research report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,157.14.

Sandisk 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.