Thompson Davis & CO. Inc. Makes New $346,000 Investment in Sandisk Corporation $SNDK

Thompson Davis & CO. Inc. purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 545 shares of the data storage provider’s stock, valued at approximately $346,000.

Several other hedge funds also recently modified their holdings of SNDK. Osaic Holdings Inc. acquired a new stake in shares of Sandisk in the second quarter worth $317,000. Merit Financial Group LLC acquired a new position in Sandisk during the 3rd quarter valued at $408,000. ProShare Advisors LLC bought a new stake in Sandisk in the 3rd quarter valued at $269,000. PNC Financial Services Group Inc. bought a new stake in Sandisk in the 3rd quarter valued at $989,000. Finally, Fifth Third Bancorp acquired a new stake in Sandisk in the 3rd quarter worth $208,000.

Analyst Ratings Changes

SNDK has been the topic of several research reports. Raymond James Financial restated an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. KGI Securities assumed coverage on shares of Sandisk in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 target price for the company. Morgan Stanley lifted their target price on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Citigroup boosted their price target on Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Finally, UBS Group set a $1,700.00 price target on 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 given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,580.67.

Insider Activity

In related news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Necip Sayiner sold 579 shares of Sandisk 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 5,625 shares of company stock worth $8,913,497. Company insiders own 0.21% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Apple CEO Tim Cook’s comments about a severe memory shortage and unavoidable price hikes have strengthened the bullish case for memory-chip makers, reinforcing pricing power for SanDisk and helping lift the stock. Why Is SanDisk Stock Surging On Thursday?
• Positive Sentiment: New coverage said SanDisk may have more upside than Micron because AI-driven memory demand, strong pricing power, and rising data-center sales are still fueling growth momentum. Micron Gets the Headlines, But Sandisk Could Offer More Upside
• Positive Sentiment: Analysts continue to highlight SanDisk’s AI opportunity, with fresh commentary pointing to stronger earnings potential, estimate revisions, and long-term demand tied to AI infrastructure. Wall Street Sees More Upside for SanDisk Corporation (SNDK)’s AI Opportunity
• Neutral Sentiment: Articles focusing on SanDisk’s open-source SPRandom technology and faster SSD qualification suggest the company is trying to remove data-center bottlenecks, which could support adoption but is more of a long-term operational improvement than an immediate catalyst. How SanDisk (SNDK) Is Tackling AI Storage Bottlenecks With Faster SSD Qualification
• Negative Sentiment: Despite the rally, one market note warned that SanDisk may be overextended, with a price target implying downside after its extraordinary year-to-date gain, which could encourage profit-taking. Up 700% YTD, How High Can SanDisk Rally?
• Negative Sentiment: Commentary about an RSI near record levels and broader AI bubble fears suggests some traders are becoming wary that SanDisk’s valuation has run too far too fast. SanDisk RSI Hits Record 99, Fueling AI Bubble Fears Across Markets

Sandisk Price Performance

Sandisk stock opened at $2,184.75 on Friday. The stock has a fifty day moving average price of $1,424.27 and a two-hundred day moving average price of $814.48. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,191.69. The firm has a market capitalization of $323.54 billion, a P/E ratio of 75.94 and a beta of 4.87.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion for the quarter. During the same quarter in the prior year, the firm posted ($0.30) EPS. The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts predict that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

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.