Waverly Advisors LLC Has $1.56 Million Holdings in Sandisk Corporation $SNDK

Waverly Advisors LLC lowered its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 22.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,464 shares of the data storage provider’s stock after selling 698 shares during the period. Waverly Advisors LLC’s holdings in Sandisk were worth $1,565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Alliance LLC bought a new stake in Sandisk during the 1st quarter worth approximately $233,000. Empirical Finance LLC boosted its position in shares of Sandisk by 0.7% during the first quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock valued at $2,246,000 after buying an additional 24 shares during the last quarter. Boreal Capital Management LLC bought a new position in Sandisk during the 1st quarter valued at $210,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Sandisk by 76.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 84,124 shares of the data storage provider’s stock worth $53,447,000 after acquiring an additional 36,368 shares during the last quarter. Finally, Hilltop Holdings Inc. bought a new stake in shares of Sandisk in the 1st quarter worth $215,000.

Sandisk Stock Up 26.0%

Shares of NASDAQ:SNDK opened at $1,279.96 on Friday. The firm has a market capitalization of $189.55 billion, a PE ratio of 44.49 and a beta of 4.74. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The company has a 50-day moving average price of $1,734.42 and a two-hundred day moving average price of $1,115.89.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping 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 firm had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the business earned ($0.30) EPS. Sandisk’s revenue for the quarter was up 251.0% on a year-over-year basis. Analysts anticipate that Sandisk Corporation will post 64.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction dated 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 owned 2,900 shares in the company, valued at approximately $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 6,225 shares of company stock valued at $10,166,297 over the last three months. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on SNDK shares. Raymond James Financial reiterated an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a report on Friday, May 1st. Cantor Fitzgerald increased their price objective on shares of Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. UBS Group set a $1,700.00 target price on Sandisk in a research note on Monday, May 4th. Wells Fargo & Company boosted their price objective on Sandisk from $1,250.00 to $1,620.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Finally, Zacks Research cut Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and a consensus target price of $1,811.38.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI spending optimism returned. Microsoft’s commitment to approximately $190 billion in capital expenditures helped ease concerns that cloud and AI infrastructure investment was slowing. The news lifted expectations for demand for data-center storage and memory products, including SanDisk’s enterprise NAND solutions. Microsoft Committed $190B CapEx and Pulled SanDisk Out of Their Slump
• Positive Sentiment: Memory-sector supply conditions appeared more favorable. Samsung Electronics reported a significant increase in chip profit and signed multiyear supply agreements with data-center operators, while warning that chip shortages could persist through 2028. That supported a broader rebound in memory stocks and reinforced the potential for stronger pricing. Why Micron, SanDisk, SK Hynix and Other Memory Stocks Are Roaring Back
• Positive Sentiment: Investors are positioning ahead of fiscal fourth-quarter earnings on August 5. Analysts cited the possibility of another earnings beat, with consensus estimates calling for roughly $33.38 per share in EPS. SanDisk has reportedly exceeded earnings and revenue expectations for five consecutive quarters, while long-term contracts and approximately $42 billion in commitments support visibility into future demand. SanDisk Stock Is Gaining Thursday: What’s Going On?
• Neutral Sentiment: The rebound follows an extreme decline. SNDK had fallen roughly 57% from its peak and was considered deeply oversold, encouraging technical traders and investors seeking a recovery. However, the stock’s exceptionally high beta indicates that price swings may remain substantial. Is SanDisk Stock Crash Over?
• Negative Sentiment: Risks remain significant. Morningstar reportedly sees the AI boom as potentially finite before a possible downturn, while investors continue to worry about Chinese competition, another NAND oversupply cycle and the stock’s elevated valuation. Earnings guidance and management’s outlook will be critical to determining whether the rebound can continue. SanDisk Falls 54%: Morningstar Sees Finite AI Boom

Sandisk Company 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.