524 Shares in Sandisk Corporation $SNDK Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the first quarter, HoldingsChannel.com reports. The firm bought 524 shares of the data storage provider’s stock, valued at approximately $333,000.

Several other large investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the second quarter worth $317,000. Merit Financial Group LLC purchased a new position in shares of Sandisk during the 3rd quarter valued at $408,000. CI Investments Inc. purchased a new position in shares of Sandisk during the 3rd quarter valued at $102,000. Dimensional Fund Advisors LP bought a new position in Sandisk in the 3rd quarter worth $100,080,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Sandisk in the 3rd quarter worth $957,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SNDK shares. Mizuho raised their price target on Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. KGI Securities assumed coverage on Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 target price for the company. Zacks Research downgraded Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings cut Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and an average price target of $1,684.24.

Sandisk Price Performance

Shares of Sandisk stock traded down $237.32 during trading on Tuesday, reaching $1,507.11. 4,084,975 shares of the stock traded hands, compared to its average volume of 16,469,133. The company has a market capitalization of $223.19 billion, a price-to-earnings ratio of 52.65 and a beta of 4.74. The business has a fifty day simple moving average of $1,666.46 and a two-hundred day simple moving average of $958.11. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39.

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

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts remain constructive, with multiple notes citing price targets as high as $3,000 and arguing that Sandisk still has room to run on strong AI-driven memory demand. Article Title
• Positive Sentiment: Sandisk recently began production of its 10th-generation 3D flash memory, which could support higher density, efficiency, and future revenue growth as AI storage demand stays strong. Article Title
• Positive Sentiment: Several commentaries say the memory shortage and AI infrastructure buildout remain intact, supporting the view that Sandisk’s strong earnings momentum may continue. Article Title
• Neutral Sentiment: Shares have already had a massive run in 2026, so some recent profit-taking and valuation concerns may be contributing to volatility even without company-specific bad news. Article Title
• Negative Sentiment: Samsung’s strong earnings are sparking a broader memory-sector rout, dragging Sandisk lower along with peers like Micron and Western Digital in premarket trading. Article Title
• Negative Sentiment: Some analysts and commentators warn that the recent rally may have gone too far and that the stock could be entering a more volatile, correction-prone phase. Article Title

Insider Buying and Selling at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the transaction, the insider directly 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 sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction dated 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 approximately $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,225 shares of company stock worth $10,166,297. Company 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.