FourThought Financial Partners LLC Makes New $422,000 Investment in Sandisk Corporation $SNDK

FourThought Financial Partners LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,778 shares of the data storage provider’s stock, valued at approximately $422,000.

A number of other large investors also recently made changes to their positions in SNDK. Whittier Trust Co. acquired a new position in shares of Sandisk in the 4th quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Sandisk in the 3rd quarter valued at $27,000. Chung Wu Investment Group LLC acquired a new position in shares of Sandisk in the 4th quarter valued at $27,000. CVA Family Office LLC acquired a new position in shares of Sandisk in the 3rd quarter valued at $28,000. Finally, Westfuller Advisors LLC lifted its stake in shares of Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares during the period.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Shares are being lifted by a broader rebound in memory stocks as traders buy back into the sector after a sharp recent selloff, with SanDisk among the biggest beneficiaries of the “memory trade” rebound. SanDisk Soars 9%, Western Digital Rallies 5%, Micron Rises 3% as Memory Trade Reawakens
• Positive Sentiment: Analysts are arguing that SanDisk is benefiting from an AI-driven pivot in NAND, with enterprise SSDs and data-center storage demand improving the company’s growth and margin outlook. Sandisk’s AI Pivot Changes The NAND Narrative
• Positive Sentiment: Fresh bullish coverage says SanDisk is “cheap” relative to its FY2027 earnings potential, citing robust NAND demand, strong buyback plans, and a higher valuation target. Sandisk: Moving Up The Value Chain And Cheap At 7x FY2027 P/E
• Positive Sentiment: Multiple bullish notes and raised price targets, including Citi’s reported 50% target increase, are reinforcing momentum and suggesting Wall Street sees more upside in the stock. Citi just raised its price target on SanDisk stock by 50%. Here’s why.
• Neutral Sentiment: Commentary from Jim Cramer and other traders has added to volatility, but this appears more like debate over whether the rally is extended than a direct change in fundamentals. Jim Cramer on Sandisk: “Gotta Let It Come Down More”

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SNDK shares. KGI Securities started coverage on Sandisk in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price target on the stock. Royal Bank Of Canada increased their price target on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Citigroup increased 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. Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st. Finally, Cantor Fitzgerald upped their price objective on shares of Sandisk from $1,400.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,157.14.

Sandisk Stock Up 10.7%

SNDK opened at $1,542.24 on Friday. Sandisk Corporation has a 12 month low of $35.79 and a 12 month high of $1,600.00. The company has a fifty day simple moving average of $966.13 and a 200 day simple moving average of $590.05. The stock has a market cap of $228.39 billion, a P/E ratio of 53.61 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last released its 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 during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts expect that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the 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 transaction, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 6,525 shares of company stock worth $6,555,092. Corporate insiders own 0.21% of the company’s stock.

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.