Carnegie Investment Counsel Buys New Shares in Sandisk Corporation $SNDK
Carnegie Investment Counsel bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 583 shares of the data storage provid
Carnegie Investment Counsel bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK-Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 583 shares of the data storage provider's stock, valued at approximately $370,000. Wedbush Pounds the Table—Buy Sandisk Before August 5 EarningsOther large investors have also bought and sold shares of the company. State Street Corp acquired a new position in shares of Sandisk during the third quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk during the 3rd quarter worth about $297,293,000. Norges Bank bought a new position in shares of Sandisk during the 4th quarter worth about $518,889,000. Bank of America Corp DE acquired a new stake in shares of Sandisk in the 3rd quarter valued at about $190,425,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Sandisk in the 3rd quarter valued at about $163,057,000. GetSandiskalerts:Analysts Set New Price TargetsA number of brokerages recently commented on SNDK. Wells Fargo & Company boosted their target price on Sandisk from $975. 00 to $1,250. 00 and gave the company an "equal weight" rating in a research report on Friday, May 1st. Morgan Stanley raised their price objective on Sandisk from $1,100. 00 to $1,750. 00 and gave the company an "overweight" rating in a research note on Wednesday, June 3rd. Zacks Research downgraded Sandisk from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Weiss Ratingsupgraded Sandisk from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 6th. Finally, UBS Group set a $1,700. 00 target price on Sandisk in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four 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 an average price target of $1,803. 29. Flash Crash or Cash? The AI Hardware Reset Investors Can’t IgnoreView Our Latest Research Report on SNDKMore Sandisk NewsHere are the key news stories impacting Sandisk this week:Positive Sentiment:Wedbush and Evercore both turned more bullish onSanDisk (SNDK), with price targets lifted sharply ahead of the August 5 earnings report; analysts cited strong memory pricing, robust AI demand, and upside to revenue and earnings. Article: Wedbush Pounds the Table—Buy Sandisk Before August 5 EarningsPositive Sentiment:Several reports said memory stocks, includingSanDisk, look attractive after the recent selloff because AI-driven demand remains strong and valuations have improved. Article: Why You Must Buy These 4 Memory Stocks After the Recent Sell-OffPositive Sentiment:SNDKwas added to a Zacks Rank #1 momentum list and highlighted as a “buy the dip” name, reinforcing the idea that some investors see the pullback as a buying opportunity. Article: Best Momentum Stocks to Buy for July 13thPositive Sentiment:Commentary around AI inference and the storage market suggestedSanDiskcould remain a beneficiary of the AI memory supercycle, which supports the longer-term bullish narrative. Article: Sandisk: How It Wins From The AI Inference TrendNeutral Sentiment:Market commentary focused on whether the recent AI memory boom has more room to run, but these pieces were mainly discussion-oriented rather than new company-specific catalysts. Article: Price Prediction: From $40 to $2,000 in a Year. Where is SanDisk Headed Now?Negative Sentiment:SanDiskfell with other memory and semiconductor names after SK Hynix issued a weaker outlook, triggering worries that the AI memory trade may be cooling and pressuring the whole group. Article: Micron, SanDisk, Western Digital Fall 6% as SK Hynix's Weak Outlook Rattles Memory StocksNegative Sentiment:Broader market weakness and risk-off trading, including renewed geopolitical tension and tech-sector selling, added to the downward pressure onSNDK. Article: Why Is Sandisk Stock Falling Monday?Negative Sentiment:Some headlines noted thatSanDiskhas dropped sharply over the past two weeks, suggesting traders are taking profits after an enormous year-to-date rally. Article: SanDisk drops 20% in two weeks: What's next for the stock?Insider Buying and SellingMarketBeat Week in Review – 06/29 - 07/03In other news, CAOMichael Pokornysold 2,446 shares of the firm'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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available throughthis hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756. 58, for a total value of $3,513,160. 00. Following the transaction, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364. 66. The trade was a 3. 66% decrease in their position. The disclosure for this sale is available in theSEC filing. Over the last quarter, insiders sold 6,225 shares of company stock valued at $10,166,297. Company insiders own 0. 21% of the company's stock. Sandisk Price PerformanceNASDAQ:SNDKopened at $1,757. 82 on Wednesday. The firm has a 50-day moving average of $1,744. 88 and a 200-day moving average of $1,022. 55. The company has a market cap of $260. 32 billion, a PE ratio of 61. 10 and a beta of 4. 74. Sandisk Corporation has a one year low of $40. 10 and a one year high of $2,354. 39. Sandisk (NASDAQ:SNDK-Get Free Report) 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. Sandisk had a net margin of 34. 19% and a return on equity of 44. 06%. The company had revenue of $5. 95 billion for the quarter. During the same quarter in the prior year, the company earned ($0. 30) EPS. The company's revenue was up 251. 0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30. 000-33. 000 EPS. On average, equities research analysts expect that Sandisk Corporation will post 64. 95 earnings per share for the current fiscal year. Sandisk Company Profile(Free Report)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. Featured ArticlesFive stocks we like better than SandiskWhy Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet3 Overlooked Energy ETFs Delivering Strong Returns and Income3 Space Stocks That Could Outshine SpaceX After Its IPOJPMorgan’s Q2 Strength Gives the Stock Rally New SupportWant to see what other hedge funds are holding SNDK?Visit HoldingsChannel. comto get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK-Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Should You Invest $1,000 in Sandisk Right Now?Before you consider Sandisk, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and Sandisk wasn't on the list. While Sandisk currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks HereWith the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow. Get This Free Report