Leonteq Securities AG Raises Stock Position in Sandisk Corporation $SNDK

Leonteq Securities AG grew its stake in Sandisk Corporation (NASDAQ:SNDK) by 311.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,238 shares of the data storage provider’s stock after purchasing an additional 3,966 shares during the period. Leonteq Securities AG’s holdings in Sandisk were worth $3,328,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Whittier Trust Co. purchased a new stake in Sandisk in the fourth quarter valued at $26,000. Greenline Wealth Management LLC acquired a new position in Sandisk in the fourth quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Sandisk during the third quarter worth about $27,000. Chung Wu Investment Group LLC purchased a new position in shares of Sandisk during the fourth quarter worth about $27,000. Finally, Westfuller Advisors LLC increased its position in shares of Sandisk by 51.8% during 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.

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,745.00 on Friday. Sandisk Corporation has a one year low of $40.10 and a one year high of $2,354.39. The stock has a market capitalization of $258.42 billion, a price-to-earnings ratio of 60.65 and a beta of 4.72. The company has a 50-day simple moving average of $1,634.90 and a 200-day simple moving average of $936.43.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results 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 for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts forecast that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SNDK has been the subject of several research reports. Weiss Ratings downgraded Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein raised their price target on Sandisk from $1,700.00 to $3,000.00 and gave the stock an “outperform” rating in a research note on Monday. Evercore reaffirmed an “outperform” rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Cantor Fitzgerald boosted their price objective on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Finally, UBS Group set a $1,700.00 price objective on Sandisk in a report on Monday, May 4th. Three 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,684.24.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk announced sampling of its BiCS10 1Tb TLC 3D NAND flash memory, highlighting higher density, better power efficiency, and faster interface speeds for data-intensive workloads. Article Title
• Positive Sentiment: China Renaissance raised its price target on Sandisk to $3,169, citing strong AI storage demand, while Bank of America also lifted its target to $2,500 and reiterated a buy rating. Article Title
• Neutral Sentiment: Market commentary continued to frame Sandisk as a high-volatility AI infrastructure winner, with some analysts arguing that recent swings may be creating buying opportunities on dips. Article Title
• Negative Sentiment: Investor rotation away from AI chip and memory hardware names has hit Sandisk, with traders shifting toward AI software and raising concerns about a temporary memory-sector pullback. Article Title
• Negative Sentiment: Heavy profit-taking and broader supply-glut fears in memory stocks also weighed on Sandisk, adding to the sector-wide decline despite the company’s strong fundamentals. Article Title
• Negative Sentiment: Insider Bernard Shek sold 600 shares under a pre-arranged 10b5-1 plan, which may add a little caution even though the sale was disclosed as routine. Article Title

Insider Buying and Selling

In other news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the sale, the insider owned 31,515 shares of the company’s stock, valued at $65,803,320. This trade represents a 1.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,225 shares of company stock valued at $10,166,297 over the last 90 days. Insiders own 0.21% of the company’s stock.

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.