Kathmere Capital Management LLC Invests $282,000 in Sandisk Corporation $SNDK

Kathmere Capital Management LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 444 shares of the data storage provider’s stock, valued at approximately $282,000.

Other large investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Sandisk by 84.2% during the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock valued at $1,073,000 after buying an additional 2,067 shares during the last quarter. Tredje AP fonden purchased a new position in shares of Sandisk in the fourth quarter worth about $7,821,000. ProShare Advisors LLC lifted its stake in shares of Sandisk by 1,301.5% in the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock valued at $7,985,000 after acquiring an additional 31,237 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in shares of Sandisk in the 4th quarter valued at about $422,000. Finally, North Dakota State Investment Board purchased a new stake in Sandisk during the 4th quarter valued at about $1,127,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Susquehanna raised their price target on Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Citigroup increased their price objective on Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Weiss Ratings upgraded shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Royal Bank Of Canada lifted their target price on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,684.24.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,500 from $2,100 and reiterated a Buy rating, citing a continuing supply-demand imbalance in the NAND market that could support pricing and earnings. Sandisk (SNDK): Among the Most Profitable Cheap Stocks to Invest In
• Positive Sentiment: Several recent articles argue the selloff may be an opportunity, highlighting Sandisk’s strong revenue growth, upbeat guidance, and continued AI/data-center demand for memory chips. Sandisk: I’m Catching The Falling Knife; Here’s How
• Positive Sentiment: Commentary from analysts and market watchers says Wall Street remains highly bullish on Sandisk’s long-term outlook despite near-term volatility, with some noting the stock’s momentum and large year-to-date gains. Sandisk Stock Tumbles in Tech Sell-Off, but Wall Street Sees More Upside
• Neutral Sentiment: Sandisk has been discussed as a standout momentum and “best stock to buy” candidate for the second half of 2026, reflecting strong investor interest but not a clear new fundamental catalyst. Is Sandisk Corporation (NASDAQ:SNDK) Among the Best Stocks to Buy for the Second Half of 2026?
• Negative Sentiment: The main drag today appears to be a broad memory-sector reset, with Sandisk falling alongside Micron and Western Digital as investors worry the AI memory boom may be cooling and that supply could eventually catch up with demand. Memory Stock Sell-Off: Is This the Time to Buy Micron Technology and Sandisk Like There’s No Tomorrow?
• Negative Sentiment: Citi Wealth noted that China’s domestic memory industry is gaining recognition, which could pressure incumbents like Sandisk and squeeze future profits. SanDisk and Micron Risk Profit Squeeze from Chinese Memory Threat

Insider Activity at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction that occurred on 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 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 link. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,225 shares of company stock valued at $10,166,297 in the last three months. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Up 6.8%

NASDAQ:SNDK opened at $1,727.18 on Thursday. The firm’s fifty day simple moving average is $1,692.15 and its 200 day simple moving average is $978.66. The stock has a market cap of $255.78 billion, a P/E ratio of 60.03 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.

Sandisk (NASDAQ:SNDK) last posted its 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 firm had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, analysts expect that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

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.