SLT Holdings LLC Takes $288,000 Position in Sandisk Corporation $SNDK

SLT Holdings LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,215 shares of the data storage provider’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNDK. Whittier Trust Co. bought a new position in Sandisk in the fourth quarter valued at approximately $26,000. Chung Wu Investment Group LLC bought a new position in Sandisk in the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC increased its stake in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after acquiring an additional 43 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Sandisk by 137.9% in the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after acquiring an additional 80 shares during the last quarter. Finally, Torren Management LLC bought a new position in Sandisk in the fourth quarter valued at approximately $37,000.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,478.69 on Monday. The firm’s fifty day moving average price is $982.59 and its two-hundred day moving average price is $599.00. The stock has a market cap of $218.98 billion, a PE ratio of 51.40 and a beta of 4.82. Sandisk Corporation has a fifty-two week low of $35.79 and a fifty-two week high of $1,600.00.

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 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. As a group, sell-side analysts predict 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 business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the sale, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 6,525 shares of company stock valued at $6,555,092. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SNDK. UBS Group set a $1,700.00 price objective on shares of Sandisk in a research note on Monday, May 4th. Sanford C. Bernstein lifted their price objective on shares of Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Barclays lifted their price objective on shares of Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Cantor Fitzgerald lifted 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 note on Friday, May 1st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,157.14.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Hedge fund billionaire David Tepper reportedly bought 281,250 shares of Sandisk, adding to bullish investor sentiment and reinforcing the idea that large investors still see upside after the stock’s huge run. Article Title
• Positive Sentiment: Several recent pieces argue that Sandisk is benefiting from AI-driven NAND demand, enterprise SSD growth, and an improved long-term earnings outlook, with some analysts calling the stock undervalued despite the sharp rally. Article Title
• Positive Sentiment: SanDisk also got a boost from sector momentum as memory stocks rebounded, with traders pointing to AI-related demand and tighter supply conditions among rivals as reasons for the renewed interest. Article Title
• Neutral Sentiment: Some market commentary now frames Sandisk as a “hold” after its explosive year-to-date surge, suggesting the business outlook is strong but the valuation has become much less attractive for new buyers. Article Title
• Negative Sentiment: Jim Cramer’s cautious comments that investors should “let it come down more” may temper enthusiasm, especially after the stock’s massive rally and elevated valuation. Article Title

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.