32,949 Shares in Sandisk Corporation $SNDK Purchased by Tredje AP fonden

Posted by Stanley Muller on May 20th, 2026

Tredje AP fonden bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 32,949 shares of the data storage provider’s stock, valued at approximately $7,821,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC purchased a new position in Sandisk during the 3rd quarter valued at approximately $1,136,000. Y Intercept Hong Kong Ltd purchased a new position in Sandisk during the 3rd quarter valued at approximately $7,046,000. Sage Rhino Capital LLC purchased a new position in Sandisk during the 3rd quarter valued at approximately $587,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Sandisk during the 3rd quarter valued at approximately $514,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Sandisk during the 3rd quarter valued at approximately $3,652,000.

Insider Transactions at Sandisk

In related news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael Pokorny sold 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 sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 6,525 shares of company stock worth $6,555,092. 0.21% of the stock is currently owned by company insiders.

Sandisk Stock Performance

Shares of Sandisk stock opened at $1,383.29 on Wednesday. The stock has a market cap of $204.85 billion, a price-to-earnings ratio of 48.08 and a beta of 4.82. The stock has a 50 day moving average price of $931.59 and a 200-day moving average price of $572.16. Sandisk Corporation has a one year low of $35.79 and a one year high of $1,600.00.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on SNDK. Wall Street Zen upgraded Sandisk from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Royal Bank Of Canada raised their price target on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Sanford C. Bernstein raised their price target on Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $1,157.14.

Check Out Our Latest Report on SNDK

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Citi sharply raised its price target on Sandisk to $2,025 from $1,300 and kept a Buy rating, citing accelerating NAND demand tied to AI infrastructure and hyperscale data center expansion. The upgrade reinforced the view that Sandisk still has meaningful upside after its huge run. Sandisk Stock Can Rise Another 52%, Says Citi. Why Investors Should Buy.
Positive Sentiment: Melius Research also boosted its target, calling for $2,350, which added to the bullish analyst momentum around Sandisk and the AI memory trade. Wall Street sets Sandisk stock price target for the next 12 months
Positive Sentiment: Recent commentary highlighted Sandisk’s strong fundamentals, including surging revenue, margin expansion, and AI-driven storage demand, which continues to support the long-term bull case for the stock. Micron (MU) and SanDisk (SNDK) – Why a Top Analyst Boosted Price Targets on These AI Stocks
Neutral Sentiment: Sandisk is also benefiting from the broader narrative that AI is shifting demand from compute to storage, with investors increasingly treating NAND flash as a key bottleneck in AI infrastructure rather than a commodity product.
Negative Sentiment: Despite the bullish analyst action, Sandisk has been slipping at times along with the wider chip sector as rising bond yields and general tech-sector caution pressure high-beta semiconductor stocks. Micron, SanDisk Stocks Meet The Bond Time Bomb: 30-Year Yields Hit 19-Year Highs
Negative Sentiment: Some investors are also taking profits after Sandisk’s massive year-long rally, leading to short-term cooling and fears that the stock’s near-term upside may be more limited after such a dramatic run.

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.