Tocqueville Asset Management L.P. Buys New Stake in Sandisk Corporation $SNDK

Posted by George Bondi on Aug 21st, 2026

Tocqueville Asset Management L.P. purchased a new stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 451 shares of the data storage provider’s stock, valued at approximately $1,025,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Sandisk during the second quarter valued at about $23,408,732,000. State Street Corp purchased a new stake in shares of Sandisk in the third quarter worth about $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in Sandisk during the third quarter valued at approximately $297,293,000. Norges Bank bought a new position in Sandisk during the fourth quarter valued at approximately $518,889,000. Finally, Bank of America Corp DE purchased a new position in Sandisk during the 3rd quarter valued at approximately $190,425,000.

Insider Activity

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction 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. This represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 30,915 shares in the company, valued at $35,928,176.40. This trade represents a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,800 shares of company stock worth $6,504,856 over the last quarter. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SNDK shares. Mizuho set a $1,900.00 price objective on Sandisk in a research note on Friday, August 14th. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Evercore reiterated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada lifted their price objective on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Sandisk has a consensus rating of “Buy” and a consensus price target of $1,999.27.

Read Our Latest Research Report on Sandisk

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Wall Street is increasingly focused on SanDisk’s long-term earnings potential. Rising AI-generated data is expected to drive demand for high-capacity NAND storage, while the company’s contract-based sales strategy could make results and margins more predictable than in past memory cycles. SanDisk’s long-term financial outlook is turning heads on Wall Street
Positive Sentiment: Several analyses argue that AI infrastructure demand could support substantially higher earnings and potentially enable margins near 80%, challenging the view that SanDisk remains solely a commodity memory producer. From Commodity to Cash Machine? SanDisk Targets 80% Margins in AI Storage Boom
Positive Sentiment: Market commentary remains bullish on SanDisk’s upside earnings potential despite weakness across memory stocks, with the broader thesis that every additional byte created by AI requires a storage destination. SanDisk Thesis: Every Byte AI Creates Needs A Home
Neutral Sentiment: Technical traders are watching for a rebound toward the mid-$1,600s, with resistance near $1,696.50 and support around $1,485. This suggests elevated volatility rather than a clear change in fundamentals. What’s Going On With SanDisk Stock Thursday?
Neutral Sentiment: Investor opinion is divided after the stock’s extraordinary 12-month advance; some hedge funds remain optimistic, while others are reducing exposure or taking profits. SanDisk Is Up 3,911% Over Twelve Months
Negative Sentiment: Shares faced pressure alongside Micron and other memory companies as an Asian technology selloff highlighted continuing sector volatility. Why Are Micron and SanDisk Stocks Falling Today
Negative Sentiment: Investors are questioning the durability of SanDisk’s record revenue because roughly two-thirds reportedly came from pricing, leaving results vulnerable if NAND prices weaken. SanDisk drops before OCP Korea Tech Day
Negative Sentiment: Appaloosa, managed by David Tepper, exited its entire 281,250-share SanDisk position during the quarter in which the stock reached its recent high, adding profit-taking and valuation concerns. David Tepper Sold His Entire Sandisk Stake

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,600.62 on Friday. The firm has a market capitalization of $234.36 billion, a PE ratio of 21.96, a PEG ratio of 0.16 and a beta of 5.20. The stock’s fifty day moving average is $1,663.24 and its 200 day moving average is $1,217.48. Sandisk Corporation has a fifty-two week low of $43.56 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion during the quarter. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts forecast that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its board has authorized a share repurchase program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Sandisk 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.