SanDisk Corporation (SNDK) : Fort Pitt Capital Group scooped up 6,324 additional shares in SanDisk Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 475,854 shares of SanDisk Corporation which is valued at $35,922,218.SanDisk Corporation makes up approximately 4.37% of Fort Pitt Capital Group’s portfolio.
SanDisk Corporation opened for trading at $74.87 and hit $75.76 on the upside on Friday, eventually ending the session at $75.49, with a gain of 0.81% or 0.61 points. The heightened volatility saw the trading volume jump to 32,14,132 shares. Company has a market cap of $15,318 M.
Other Hedge Funds, Including , New York State Teachers Retirement System boosted its stake in SNDK in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 344,749 shares of SanDisk Corporation which is valued at $26,025,102. SanDisk Corporation makes up approx 0.07% of New York State Teachers Retirement System’s portfolio. Lau Associates sold out all of its stake in SNDK during the most recent quarter. The investment firm sold 12,800 shares of SNDK which is valued $969,728.
On the company’s financial health, SanDisk Corporation reported $1.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.38 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.88. The company had revenue of $1543.14 million for the quarter, compared to analysts expectations of $1440.27 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.
Many Wall Street Analysts have commented on SanDisk Corporation. Shares were Downgraded by Susquehanna on Mar 24, 2016 to ” Neutral” and Lowered the Price Target to $ 79 from a previous price target of $86.50 .SanDisk Corporation was Downgraded by Citigroup to ” Neutral” on Mar 14, 2016. Mizuho Downgraded SanDisk Corporation on Mar 2, 2016 to ” Neutral”, Price Target of the shares are set at $78.50.
SanDisk Corporation provides flash storage solutions. The Company designs develops and manufactures data storage solutions in a variety of form factors using flash memory controller firmware and software technologies. The Company’s 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. The SSD products are used in enterprise data centers and client computing platforms. Its embedded flash products are used in mobile phones tablets computing platforms imaging devices and automobiles. The Company’s removable cards are used in a range of applications such as mobile phones tablets digital cameras gaming devices personal computers (PC) and automobiles. It also offers software solutions which are used in conjunction with flash storage products.