17,796 Shares in Sandisk Corporation $SNDK Purchased by Pinebridge Investments LLC

Posted by Geri Gentry on Jun 8th, 2026

Pinebridge Investments LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,796 shares of the data storage provider’s stock, valued at approximately $4,224,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNDK. Vanguard Group Inc. acquired a new stake in shares of Sandisk during the third quarter valued at about $1,970,388,000. State Street Corp acquired a new stake in shares of Sandisk during the third quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sandisk during the third quarter valued at about $297,293,000. Norges Bank acquired a new stake in shares of Sandisk during the fourth quarter valued at about $518,889,000. Finally, Bank of America Corp DE purchased a new stake in Sandisk in the third quarter valued at approximately $190,425,000.

Insider Buying and Selling

In other news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the sale, the insider owned 32,232 shares of the company’s stock, valued at approximately $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction 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 in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,625 shares of company stock worth $8,913,497 over the last ninety days. Insiders own 0.21% of the company’s stock.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Analyst commentary remains constructive, with reports citing bullish views on Sandisk and Morgan Stanley lifting its price target by 59%, signaling expectations for further upside from AI-driven memory demand. SNDK stock hits record high: Morgan Stanley raises PT by 59%, sees further upside ahead
Positive Sentiment: Several bullish pieces argue Sandisk’s AI storage opportunity is still early, highlighting strong recent revenue growth, high margins, and a favorable memory-supply backdrop that could support fundamentals. Sandisk’s AI Storage Moment Is Just Getting Started
Neutral Sentiment: Market commentary notes Sandisk was among the standout semiconductor winners this year, but that outsized rally is also making the shares more vulnerable to profit-taking and valuation concerns. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
Neutral Sentiment: Another article suggests analysts still see Sandisk as a key AI memory beneficiary, reinforcing the long-term demand story even as short-term trading turns volatile. These Experts Say the Memory-Stock Runup May Not Be Over Yet
Negative Sentiment: Friday’s selloff appears driven by a “parabolic” unwind in semiconductor leaders, with Sandisk and peers Micron and Marvell sliding as investors reduce exposure to overheated AI trades. Micron, Sandisk stocks slide as traders exit high-flying AI plays
Negative Sentiment: New competition concerns and softer sentiment across tech hardware added to the weakness, suggesting near-term momentum could fade if the sector rotation continues. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $1,559.32 on Monday. The firm has a market cap of $230.92 billion, a price-to-earnings ratio of 54.20 and a beta of 4.88. Sandisk Corporation has a 52-week low of $38.53 and a 52-week high of $1,861.00. The business’s 50 day moving average is $1,174.63 and its two-hundred day moving average is $698.85.

Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion for the quarter. During the same period in the prior year, the company posted ($0.30) EPS. The firm’s 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. Analysts anticipate that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on SNDK shares. Susquehanna boosted their target price on Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Sanford C. Bernstein boosted their target price on Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Royal Bank Of Canada boosted their target price on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Evercore reissued an “outperform” rating and issued a $1,400.00 target price on shares of Sandisk in a research report on Friday, May 1st. Finally, Morgan Stanley boosted their target price on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,398.27.

Read Our Latest Report on Sandisk

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.