Townsend Asset Management Corp NC ADV Makes New $257,000 Investment in Sandisk Corporation $SNDK

Townsend Asset Management Corp NC ADV purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the first quarter, HoldingsChannel reports. The firm purchased 404 shares of the data storage provider’s stock, valued at approximately $257,000.

A number of other hedge funds have also modified their holdings of SNDK. Astra Wealth Partners LLC bought a new position in Sandisk during the 1st quarter worth approximately $224,000. Assetmark Inc. grew its holdings in Sandisk by 1,990.3% during the first quarter. Assetmark Inc. now owns 3,658 shares of the data storage provider’s stock valued at $2,324,000 after purchasing an additional 3,483 shares during the period. PeakShares LLC bought a new stake in Sandisk in the first quarter valued at approximately $445,000. Main Street Group LTD bought a new stake in Sandisk in the first quarter valued at approximately $53,000. Finally, Angeles Wealth Management LLC acquired a new stake in Sandisk in the first quarter worth $265,000.

Sandisk Stock Performance

Shares of SNDK stock opened at $1,354.38 on Friday. The company has a market capitalization of $200.57 billion, a P/E ratio of 47.08 and a beta of 4.74. The company’s 50 day moving average price is $1,746.25 and its two-hundred day moving average price is $1,042.54. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results 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 for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Analysts forecast that Sandisk Corporation will post 64.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SNDK shares. Melius Research set a $2,350.00 price target on shares of Sandisk in a research report on Monday, May 18th. Wedbush upped their price objective on shares of Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. UBS Group set a $1,700.00 price objective on Sandisk in a research note on Monday, May 4th. Wells Fargo & Company raised their price objective on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Evercore set a $3,100.00 target price on Sandisk in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,803.29.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the sale, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction 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 approximately $65,803,320. The trade was a 1.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,225 shares of company stock valued at $10,166,297. Insiders own 0.21% of the company’s stock.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Despite the pullback, several recent pieces remain constructive on Sandisk’s long-term setup, pointing to strong demand from AI infrastructure and tighter memory supply conditions that could support revenue and margins. Article Title
• Positive Sentiment: Sandisk’s valuation has come down sharply from recent highs, with some investors and analysts arguing the selloff may have made the stock more attractive relative to its growth outlook. Article Title
• Neutral Sentiment: Sandisk also announced progress on its Fab2 project with Kioxia and said BiCS10 sampling has begun, a development that supports its product roadmap but is not an immediate earnings catalyst. Article Title
• Negative Sentiment: Technical damage has intensified after the stock broke key support levels, with chart watchers citing a sharp drop from recent peaks and warning that momentum has turned decisively lower ahead of the next earnings report. Article Title
• Negative Sentiment: Sector-wide weakness, including concerns about Chinese competition and a broad AI-chip rotation, has added to the selloff in memory stocks such as Sandisk. Article Title

About Sandisk

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.