Lido Advisors LLC Acquires 3,674 Shares of Sandisk Corporation $SNDK

Lido Advisors LLC lifted its holdings in Sandisk Corporation (NASDAQ:SNDK) by 247.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,160 shares of the data storage provider’s stock after buying an additional 3,674 shares during the quarter. Lido Advisors LLC’s holdings in Sandisk were worth $3,279,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Monashee Investment Management LLC acquired a new position in shares of Sandisk in the first quarter valued at approximately $3,177,000. Cetera Investment Advisers lifted its position in shares of Sandisk by 106.0% in the first quarter. Cetera Investment Advisers now owns 20,381 shares of the data storage provider’s stock valued at $12,949,000 after buying an additional 10,486 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Sandisk by 115.3% in the first quarter. First Trust Advisors LP now owns 134,211 shares of the data storage provider’s stock valued at $85,270,000 after buying an additional 71,867 shares during the last quarter. a16z Perennial Management L.P. bought a new position in shares of Sandisk during the 1st quarter worth approximately $375,000. Finally, Westpac Banking Corp bought a new position in shares of Sandisk during the 1st quarter worth approximately $245,000.

Sandisk Trading Down 10.8%

NASDAQ SNDK opened at $1,436.56 on Friday. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,354.39. The firm’s 50 day simple moving average is $1,754.03 and its 200 day simple moving average is $1,087.24. The firm has a market capitalization of $212.74 billion, a price-to-earnings ratio of 49.93 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data 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 return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the company earned ($0.30) earnings per share. Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts forecast that Sandisk Corporation will post 64.52 earnings per share for the current year.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk remains a major AI-storage beneficiary, with multiple recent articles highlighting strong demand for memory and enterprise storage tied to AI infrastructure spending and tight supply. Article Title
• Positive Sentiment: Analysts and traders are still focused on SanDisk’s upcoming fiscal Q4 earnings on August 5, with expectations for a large move and a chance for another earnings beat after a strong surprise history. Article Title
• Neutral Sentiment: New ETF products are being launched to trade the DRAM and memory rally, underscoring strong investor interest in the group, though this is more a sentiment signal than a direct catalyst for SanDisk. Article Title
• Neutral Sentiment: Options traders are pricing in a sizable post-earnings swing, reflecting elevated expectations and uncertainty heading into the report. Article Title
• Negative Sentiment: Memory and chip stocks are under pressure today, and SanDisk is being dragged lower by a sector-wide risk-off move after recent gains in AI-related semiconductors. Article Title
• Negative Sentiment: SanDisk has also pulled back sharply from recent highs, and some coverage now frames the move as a correction after an extended AI-driven rally. Article Title

Insider Activity at Sandisk

In related news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the sale, the insider directly owned 31,515 shares in the company, valued at $65,803,320. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction 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 transaction, the director owned 2,900 shares in the company, 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. Insiders have sold a total of 6,225 shares of company stock valued at $10,166,297 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SNDK shares. Susquehanna dropped their price target on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research note on Thursday. Argus started coverage on shares of Sandisk in a research report on Wednesday, July 15th. They set a “hold” rating for the company. Wells Fargo & Company upped their price objective on shares of Sandisk from $1,250.00 to $1,620.00 and gave the company an “equal weight” rating in a report on Wednesday. Citigroup increased their price objective on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Raymond James Financial restated an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,811.38.

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.