Thrivent Financial for Lutherans Sells 90,029 Shares of Sandisk Corporation $SNDK

Thrivent Financial for Lutherans trimmed its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 90.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,554 shares of the data storage provider’s stock after selling 90,029 shares during the period. Thrivent Financial for Lutherans’ holdings in Sandisk were worth $2,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SNDK. Vanguard Group Inc. bought a new position in Sandisk during the third quarter valued at about $1,970,388,000. State Street Corp bought a new position in Sandisk during the third quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in Sandisk during the third quarter valued at about $297,293,000. Bank of America Corp DE bought a new position in Sandisk during the third quarter valued at about $190,425,000. Finally, AQR Capital Management LLC bought a new position in Sandisk during the third quarter valued at about $163,057,000.

Insiders Place Their Bets

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares of the company’s stock, valued at $4,359,019. The trade was a 16.64% decrease in their position. 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. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

Shares of Sandisk stock opened at $1,478.69 on Tuesday. The firm has a fifty day moving average of $999.79 and a two-hundred day moving average of $608.04. The stock has a market capitalization of $218.98 billion, a price-to-earnings ratio of 51.40 and a beta of 4.82. Sandisk Corporation has a 52 week low of $35.79 and a 52 week high of $1,600.00.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s revenue was up 251.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts forecast that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SNDK shares. Wells Fargo & Company boosted their price target on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Bank of America upped their price objective on Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a research note on Friday, April 17th. KGI Securities started coverage on Sandisk in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price objective on the stock. Mizuho set a $1,220.00 price objective on Sandisk in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Three 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’s stock. Based on data from MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and an average price target of $1,157.14.

About Sandisk

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.