HighTower Advisors LLC boosted its position in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 25.8% during the fourth quarter, HoldingsChannel reports. The fund owned 8,301 shares of the data storage provider’s stock after buying an additional 1,704 shares during the quarter. HighTower Advisors LLC’s holdings in Sandisk were worth $1,970,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of SNDK. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the second quarter worth about $317,000. Merit Financial Group LLC purchased a new stake in shares of Sandisk in the third quarter worth about $408,000. Mutual of America Capital Management LLC purchased a new stake in shares of Sandisk in the third quarter worth about $1,735,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Sandisk in the third quarter worth about $1,136,000. Finally, Federated Hermes Inc. purchased a new stake in shares of Sandisk in the third quarter worth about $88,000.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on SNDK. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a report on Friday, May 1st. Cantor Fitzgerald increased their price target on shares of Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Royal Bank Of Canada increased their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Finally, Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,368.73.
Insider Buying and Selling
In other news, Director Necip Sayiner sold 579 shares of the 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 completion of the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $3,488,436.28. Following the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.
Sandisk Stock Performance
NASDAQ:SNDK opened at $1,761.43 on Tuesday. The firm has a market cap of $260.85 billion, a PE ratio of 61.22 and a beta of 4.88. Sandisk Corporation has a fifty-two week low of $36.21 and a fifty-two week high of $1,804.00. The business has a 50 day moving average price of $1,093.12 and a 200-day moving average price of $657.86.
Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating 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%.The business’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period last year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts predict that Sandisk Corporation will post 63.58 EPS for the current year.
More Sandisk News
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Analysts and market watchers say SanDisk still has room to run after its historic share-price surge, with recent upgrade activity and price targets suggesting further upside potential. After SanDisk’s Historic Run, Analysts Still See More Upside
- Positive Sentiment: Goldman’s outlook for a tight AI memory market through 2028 is boosting SanDisk and other major memory producers, reinforcing the bullish thesis for continued strong pricing and demand. What’s Going On With SanDisk Stock Monday?
- Positive Sentiment: Memory and storage stocks are extending a powerful AI-driven rally, with SanDisk named among the biggest beneficiaries as investors continue to chase the group. Micron Rises 7%, Western Digital Climbs and SanDisk Climb 4% as Memory Stocks Extend Parabolic Run
- Positive Sentiment: Recent commentary highlights SanDisk as one of two AI memory stocks outperforming Nvidia, citing supply shortages and strong data-center demand as key tailwinds. 2 AI Memory Stocks Outperforming NVIDIA With Big Upside Ahead
- Neutral Sentiment: Several articles frame SanDisk’s move as part of a broader speculative run in AI-related memory stocks, which supports momentum but also implies elevated expectations. SanDisk’s Stock and Short Interest Both at Record Highs — Do the Bears Know Something?
- Neutral Sentiment: Some recent coverage raises the possibility of a valuation bubble in memory stocks, but the articles also note that SanDisk is still showing rapid growth. Are Micron and Sandisk Stocks in a Bubble?
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.
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