Parallel Advisors LLC Acquires 1,001 Shares of Sandisk Corporation $SNDK

Posted by on Aug 9th, 2026

Parallel Advisors LLC raised its holdings in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 233.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,430 shares of the data storage provider’s stock after buying an additional 1,001 shares during the period. Parallel Advisors LLC’s holdings in Sandisk were worth $909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SNDK. Osaic Holdings Inc. acquired a new stake in shares of Sandisk in the second quarter valued at about $317,000. Merit Financial Group LLC acquired a new position in Sandisk during the third quarter valued at approximately $408,000. Dimensional Fund Advisors LP bought a new position in Sandisk in the third quarter valued at approximately $100,080,000. First Trust Advisors LP acquired a new position in shares of Sandisk during the 3rd quarter worth approximately $9,788,000. Finally, Blair William & Co. IL acquired a new position in shares of Sandisk during the 3rd quarter worth approximately $591,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

  • Positive Sentiment: SanDisk reported adjusted EPS of $39.25 and revenue of approximately $8.97 billion, beating consensus estimates. Revenue increased 371.6% year over year, driven by stronger NAND pricing, higher volumes and a 437% surge in data-center revenue. SNDK Q4 Earnings Beat Estimates
  • Positive Sentiment: The company authorized a $14 billion share-repurchase program, potentially retiring up to 6.6% of outstanding shares. The buyback signals management’s confidence in the business and could support per-share earnings. SanDisk to Buy Back $14 Billion in Shares
  • Positive Sentiment: Bullish analysts argue that AI-driven storage demand, high-bandwidth flash products and long-term customer agreements could make SanDisk less cyclical. Contracts reportedly include roughly $93.9 billion in minimum revenue commitments, with some agreements backed by financial guarantees. SanDisk Upgrade
  • Neutral Sentiment: Analyst opinion is divided. Some firms upgraded SanDisk and see substantial upside from AI infrastructure, while Jefferies reduced its price target to $1,750 from $3,000 because of NAND pricing and margin concerns, though it retained a Buy rating. Jefferies Cuts SanDisk Price Target
  • Negative Sentiment: Fiscal first-quarter revenue guidance of $10.3 billion to $10.8 billion was slightly below some Wall Street estimates. Investors interpreted the outlook as evidence that growth and pricing may be moderating, despite the quarterly beat. Why SanDisk Stock Is Falling
  • Negative Sentiment: Investors are also questioning whether current margins can persist as SanDisk’s new business model gives up some near-term margin for longer-term volume, pricing discipline and visibility. The stock’s sharp prior advance has left little room for execution mistakes, while NAND oversupply or slower AI spending remains a major risk.

Insider Activity

In related news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the sale, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,246 shares of company stock worth $9,993,292. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

SNDK has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Sandisk in a research note on Thursday. The Goldman Sachs Group restated a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a report on Friday, May 1st. Susquehanna dropped their price target on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research report on Thursday, July 23rd. New Street Research set a $3,000.00 price target on shares of Sandisk in a research note on Thursday. Finally, Royal Bank Of Canada boosted their price objective on shares of Sandisk from $1,000.00 to $1,300.00 and gave the stock a “sector perform” rating in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,853.14.

Read Our Latest Research Report on SNDK

Sandisk Stock Performance

Shares of SNDK stock opened at $1,212.21 on Friday. The company has a market capitalization of $179.52 billion, a price-to-earnings ratio of 16.63 and a beta of 5.20. The company has a 50-day simple moving average of $1,699.98 and a 200 day simple moving average of $1,148.38. Sandisk Corporation has a 52 week low of $41.00 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The business’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts forecast that Sandisk Corporation will post 187.19 EPS for the current year.

Sandisk announced that its Board of Directors has approved a share buyback plan on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

About Sandisk

(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.

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Institutional Ownership by Quarter for Sandisk (NASDAQ:SNDK)

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