Foundations Investment Advisors LLC Makes New $292,000 Investment in Sandisk Corporation $SNDK

Foundations Investment Advisors LLC bought a new position in Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, Holdings Channel reports. The firm bought 1,232 shares of the data storage provider’s stock, valued at approximately $292,000.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Sandisk by 44.9% in the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after acquiring an additional 1,133,276 shares during the last quarter. Williamson Legacy Group LLC bought a new stake in shares of Sandisk in the 4th quarter worth about $2,134,000. Bleakley Financial Group LLC bought a new stake in shares of Sandisk in the 4th quarter worth about $2,993,000. Revere Asset Management Inc bought a new stake in shares of Sandisk in the 4th quarter worth about $606,000. Finally, SLT Holdings LLC bought a new stake in shares of Sandisk in the 4th quarter worth about $288,000.

Sandisk Price Performance

SNDK stock opened at $1,831.50 on Thursday. The company has a market capitalization of $271.23 billion, a PE ratio of 63.66 and a beta of 4.87. Sandisk Corporation has a 12 month low of $37.33 and a 12 month high of $1,861.00. The firm’s 50-day moving average is $1,135.85 and its 200 day moving average is $679.14.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. The company 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 company’s quarterly revenue was up 251.0% on a year-over-year basis. 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. Sell-side analysts forecast that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on SNDK. Mizuho raised their target price on shares of Sandisk from $1,625.00 to $1,825.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Evercore restated an “outperform” rating and issued a $1,400.00 target price on shares of Sandisk in a report on Friday, May 1st. Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Finally, Bank of America raised their target price on shares of Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $1,398.27.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts at Morgan Stanley said the memory-stock rally may not be over, citing strong AI demand and rising memory prices as reasons Sandisk could see further upside. Morgan Stanley says there is no quick fix to memory shortage
• Positive Sentiment: Several articles highlighted Sandisk as a favorite in the AI-memory trade, with commentators arguing the company is still benefiting from a powerful supply-demand mismatch and strong trader interest. Traders are flocking to Sandisk
• Positive Sentiment: A new article said Sandisk stock is soaring to another all-time high, reinforcing the momentum-driven bullish sentiment around the shares. Why SanDisk Stock Is Soaring to a New All-Time High Today
• Positive Sentiment: Zacks said industry momentum in cloud, IoT, auto, and AI should support storage-device names like Sandisk, adding another constructive fundamental backdrop. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Neutral Sentiment: Sandisk EVP Alper Ilkbahar sold 2,000 shares for about $3.5 million. The sale is worth noting, but it appears relatively modest versus his remaining stake and may not signal a major change in outlook. SEC filing
• Negative Sentiment: One report flagged Sandisk’s stock and short interest at record highs, suggesting the rally is crowded and could become more volatile if sentiment cools. SanDisk’s stock and short interest both at record highs – do the bears know something?

Insider Buying and Selling

In related news, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director directly owned 2,900 shares in the company, valued at $4,359,019. This represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,025 shares of company stock valued at $7,871,897 in the last 90 days. 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.