NewEdge Wealth LLC lessened its stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,447 shares of the data storage provider’s stock after selling 932 shares during the quarter. NewEdge Wealth LLC’s holdings in Sandisk were worth $8,544,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of SNDK. Osaic Holdings Inc. bought a new stake in Sandisk in the second quarter valued at about $317,000. Merit Financial Group LLC bought a new position in Sandisk during the 3rd quarter worth approximately $408,000. Dimensional Fund Advisors LP bought a new position in Sandisk during the 3rd quarter worth approximately $100,080,000. First Trust Advisors LP bought a new position in Sandisk during the 3rd quarter worth approximately $9,788,000. Finally, Blair William & Co. IL acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $591,000.
Insiders Place Their Bets
In other Sandisk news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael Pokorny sold 2,446 shares of the company’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 transaction of $3,488,436.28. Following the completion of the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $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. Over the last 90 days, insiders sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
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Trending Headlines about Sandisk
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Analysts and market commentators highlighted Sandisk as a potential winner from AI infrastructure spending, tight memory supply, and stronger NAND pricing, reinforcing the bull case for higher earnings power. Article Title
- Positive Sentiment: Reports said memory prices remain elevated and could continue rising, which is important for Sandisk’s margins and revenue outlook. Article Title
- Positive Sentiment: Several bullish pieces argued Sandisk still has room to run after its huge 2026 rally, citing enterprise SSD growth, AI-related storage demand, and a discounted valuation relative to its growth story. Article Title
- Neutral Sentiment: With earnings approaching, investors are focused on whether Sandisk can keep beating expectations and justify its elevated valuation. Article Title
- Neutral Sentiment: Some coverage flagged a broader sector pause and profit-taking, explaining why SNDK has also seen intraday volatility despite the bullish long-term narrative. Article Title
- Negative Sentiment: At least one analyst cut a price target on SNDK, which may be pressuring sentiment even as the stock remains near record levels. Article Title
- Negative Sentiment: Susquehanna also reportedly lowered its target, suggesting some analysts think the stock’s recent run has outpaced near-term fundamentals. Article Title
Sandisk Price Performance
NASDAQ:SNDK opened at $1,610.33 on Friday. The firm has a market capitalization of $238.47 billion, a P/E ratio of 55.97 and a beta of 4.74. The business has a 50 day simple moving average of $1,753.46 and a 200 day simple moving average of $1,084.78. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39.
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 firm 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 quarterly revenue was up 251.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts anticipate that Sandisk Corporation will post 64.52 EPS for the current fiscal year.
Sandisk 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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