Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,751 shares of the data storage provider’s stock, valued at approximately $7,466,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. purchased a new stake in Sandisk during the 4th quarter valued at about $26,000. Greenline Wealth Management LLC purchased a new stake in shares of Sandisk in the fourth quarter valued at approximately $26,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk in the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC increased its holdings in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new stake in Sandisk in the 3rd quarter valued at $30,000.
Insider Activity at Sandisk
In other news, CAO Michael Pokorny sold 2,446 shares of the business’s 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 completion of the sale, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,225 shares of company stock valued at $10,166,297. Company insiders own 0.21% of the company’s stock.
Analyst Ratings Changes
Sandisk Stock Performance
NASDAQ:SNDK opened at $1,354.38 on Friday. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,354.39. The stock has a market cap of $200.57 billion, a P/E ratio of 47.08 and a beta of 4.74. The stock has a 50-day simple moving average of $1,746.25 and a 200-day simple moving average of $1,042.54.
Sandisk (NASDAQ:SNDK – Get Free Report) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The business had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s revenue was up 251.0% on a year-over-year basis. During the same period last year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts predict that Sandisk Corporation will post 64.95 EPS for the current year.
Sandisk News Summary
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Despite the pullback, several recent pieces remain constructive on Sandisk’s long-term setup, pointing to strong demand from AI infrastructure and tighter memory supply conditions that could support revenue and margins. Article Title
- Positive Sentiment: Sandisk’s valuation has come down sharply from recent highs, with some investors and analysts arguing the selloff may have made the stock more attractive relative to its growth outlook. Article Title
- Neutral Sentiment: Sandisk also announced progress on its Fab2 project with Kioxia and said BiCS10 sampling has begun, a development that supports its product roadmap but is not an immediate earnings catalyst. Article Title
- Negative Sentiment: Technical damage has intensified after the stock broke key support levels, with chart watchers citing a sharp drop from recent peaks and warning that momentum has turned decisively lower ahead of the next earnings report. Article Title
- Negative Sentiment: Sector-wide weakness, including concerns about Chinese competition and a broad AI-chip rotation, has added to the selloff in memory stocks such as Sandisk. Article Title
Sandisk Company Profile
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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