Clearstead Advisors LLC Cuts Stock Holdings in Sandisk Corporation $SNDK

Clearstead Advisors LLC lowered its stake in Sandisk Corporation (NASDAQ:SNDK) by 49.4% during the 4th quarter, HoldingsChannel reports. The firm owned 976 shares of the data storage provider’s stock after selling 951 shares during the period. Clearstead Advisors LLC’s holdings in Sandisk were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC purchased a new stake in Sandisk in the third quarter worth approximately $1,136,000. Mutual of America Capital Management LLC purchased a new stake in Sandisk in the third quarter worth approximately $1,735,000. Allworth Financial LP boosted its holdings in Sandisk by 84.2% in the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after purchasing an additional 2,067 shares during the last quarter. Tredje AP fonden purchased a new stake in Sandisk in the fourth quarter worth approximately $7,821,000. Finally, ProShare Advisors LLC boosted its holdings in Sandisk by 1,301.5% in the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after purchasing an additional 31,237 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Raymond James Financial restated an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a report on Friday, May 1st. The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 target price on shares of Sandisk in a report on Friday, May 1st. Bank of America raised their target price on shares of Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $1,400.00 target price on shares of Sandisk in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Sandisk presently has a consensus rating of “Buy” and a consensus target price of $1,368.73.

Insider Activity at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the 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 transaction, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the 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 transaction, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by company insiders.

Trending Headlines about 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 Trading Up 3.2%

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 company has a market capitalization of $251.01 billion, a PE ratio of 58.91 and a beta of 4.82. The firm’s 50 day simple moving average is $1,073.33 and its two-hundred day simple moving average is $644.72.

Sandisk (NASDAQ:SNDK) last released its quarterly 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. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion for the quarter. During the same quarter in the previous year, the business posted ($0.30) earnings per share. The firm’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

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.