Stance Capital LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 4th quarter, Holdings Channel reports. The fund bought 5,783 shares of the data storage provider’s stock, valued at approximately $1,373,000.
Several other institutional investors have also recently added to or reduced their stakes in SNDK. Whittier Trust Co. acquired a new stake in Sandisk in the fourth quarter valued at approximately $26,000. Greenline Wealth Management LLC acquired a new stake in Sandisk in the 4th quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Sandisk in the 3rd quarter valued at $27,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the 4th quarter valued at $27,000. Finally, Westfuller Advisors LLC raised its holdings in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after buying an additional 43 shares during the last quarter.
Insiders Place Their Bets
In other Sandisk news, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at $4,359,019. This represents a 16.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 5,625 shares of company stock valued at $8,913,497. Insiders own 0.21% of the company’s stock.
Key Stories Impacting Sandisk
- Positive Sentiment: Apple CEO Tim Cook’s comments about a severe memory shortage and unavoidable price hikes have strengthened the bullish case for memory-chip makers, reinforcing pricing power for SanDisk and helping lift the stock. Why Is SanDisk Stock Surging On Thursday?
- Positive Sentiment: New coverage said SanDisk may have more upside than Micron because AI-driven memory demand, strong pricing power, and rising data-center sales are still fueling growth momentum. Micron Gets the Headlines, But Sandisk Could Offer More Upside
- Positive Sentiment: Analysts continue to highlight SanDisk’s AI opportunity, with fresh commentary pointing to stronger earnings potential, estimate revisions, and long-term demand tied to AI infrastructure. Wall Street Sees More Upside for SanDisk Corporation (SNDK)’s AI Opportunity
- Neutral Sentiment: Articles focusing on SanDisk’s open-source SPRandom technology and faster SSD qualification suggest the company is trying to remove data-center bottlenecks, which could support adoption but is more of a long-term operational improvement than an immediate catalyst. How SanDisk (SNDK) Is Tackling AI Storage Bottlenecks With Faster SSD Qualification
- Negative Sentiment: Despite the rally, one market note warned that SanDisk may be overextended, with a price target implying downside after its extraordinary year-to-date gain, which could encourage profit-taking. Up 700% YTD, How High Can SanDisk Rally?
- Negative Sentiment: Commentary about an RSI near record levels and broader AI bubble fears suggests some traders are becoming wary that SanDisk’s valuation has run too far too fast. SanDisk RSI Hits Record 99, Fueling AI Bubble Fears Across Markets
Sandisk Stock Performance
Shares of SNDK stock opened at $2,184.75 on Friday. The company has a market capitalization of $323.54 billion, a price-to-earnings ratio of 75.94 and a beta of 4.87. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,191.69. The company has a 50-day simple moving average of $1,424.27 and a two-hundred day simple moving average of $814.48.
Sandisk (NASDAQ:SNDK – Get Free Report) 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. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion for the quarter. During the same period in the prior year, the business earned ($0.30) EPS. 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, sell-side analysts forecast that Sandisk Corporation will post 64.01 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
SNDK has been the subject of a number of analyst reports. UBS Group set a $1,700.00 price objective on shares of Sandisk in a report on Monday, May 4th. Evercore reaffirmed an “outperform” rating and issued a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Wedbush increased their price objective on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Cantor Fitzgerald raised their target price on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,580.67.
View Our Latest Stock Report on Sandisk
About Sandisk
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.
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