Legal & General Group Plc Lowers Stock Position in Sandisk Corporation $SNDK

Legal & General Group Plc lowered its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 41.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 208,094 shares of the data storage provider’s stock after selling 147,554 shares during the quarter. Legal & General Group Plc’s holdings in Sandisk were worth $49,397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. purchased a new position in Sandisk during the fourth quarter valued at $26,000. Chung Wu Investment Group LLC purchased a new position in Sandisk during the fourth quarter valued at $27,000. Westfuller Advisors LLC lifted its position in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after buying an additional 43 shares during the period. TD Private Client Wealth LLC lifted its position in Sandisk by 137.9% during the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after buying an additional 80 shares during the period. Finally, Torren Management LLC purchased a new position in Sandisk during the fourth quarter valued at $37,000.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,694.98 on Friday. Sandisk Corporation has a 1-year low of $36.21 and a 1-year high of $1,708.83. The business has a fifty day moving average price of $1,073.33 and a 200-day moving average price of $644.72. The company has a market capitalization of $251.01 billion, a PE ratio of 58.91 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the business earned ($0.30) earnings per share. Sandisk’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. On average, sell-side analysts anticipate that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction that occurred on 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 sale, the director directly owned 2,900 shares in the company, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Michael Pokorny sold 2,446 shares of Sandisk 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 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 SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on SNDK. KGI Securities began coverage on Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price objective for the company. Raymond James Financial restated an “outperform” rating and set a $1,470.00 price target on shares of Sandisk in a report on Friday, May 1st. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. UBS Group set a $1,700.00 price target on Sandisk in a report on Monday, May 4th. Finally, Bank of America raised their price target on Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a report on Friday, April 17th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $1,368.73.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Susquehanna raised its price target on Sandisk to $3,250 from $2,000 and reiterated a positive view, reinforcing the bullish case that the stock still has substantial upside. Article Title
• Positive Sentiment: Mizuho also lifted its target on SNDK and kept an outperform rating, adding to the broader analyst momentum behind the shares. Article Title
• Positive Sentiment: Investors are betting that Sandisk’s QLC Stargate product could become a new revenue growth driver, with shipments targeted for Q4 FY26 to meet AI data-center storage demand beyond traditional SSD products. Article Title
• Positive Sentiment: Market commentary continues to frame Sandisk as a prime beneficiary of the AI infrastructure boom, especially because agentic AI and other workloads require far more memory capacity, tightening supply and supporting pricing power. Article Title

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.