1,418 Shares in Sandisk Corporation $SNDK Purchased by Twin Capital Management Inc.

Twin Capital Management Inc. acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,418 shares of the data storage provider’s stock, valued at approximately $901,000.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Sandisk by 7.6% in the first quarter. Bank of New York Mellon Corp now owns 724,226 shares of the data storage provider’s stock valued at $460,129,000 after buying an additional 50,972 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in Sandisk by 67.7% in the first quarter. Illinois Municipal Retirement Fund now owns 8,539 shares of the data storage provider’s stock valued at $5,425,000 after acquiring an additional 3,446 shares during the last quarter. Three Seasons Wealth LLC acquired a new stake in Sandisk in the first quarter valued at $626,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Sandisk in the 1st quarter valued at about $100,000. Finally, Sanctuary Advisors LLC grew its position in shares of Sandisk by 25.6% in the 1st quarter. Sanctuary Advisors LLC now owns 5,388 shares of the data storage provider’s stock valued at $3,423,000 after acquiring an additional 1,099 shares during the period.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several recent analyst reports. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Wells Fargo & Company lifted their price target on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Cantor Fitzgerald boosted their price target on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Argus initiated coverage on Sandisk in a research note on Wednesday. They issued a “hold” rating on the stock. Finally, UBS Group set a $1,700.00 price objective on Sandisk in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,803.29.

Sandisk Price Performance

SNDK stock opened at $1,411.08 on Friday. The stock has a market capitalization of $208.97 billion, a price-to-earnings ratio of 49.05 and a beta of 4.74. The business’s fifty day moving average price is $1,750.41 and its two-hundred day moving average price is $1,040.34. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same period in the previous year, the firm posted ($0.30) EPS. The company’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. Research analysts expect that Sandisk Corporation will post 64.95 EPS for the current year.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Several articles note that Sandisk still has strong fundamentals and may be attractively valued after the pullback, with commentary highlighting robust revenue and margin growth, bullish analyst sentiment, and upside potential ahead of earnings. Which Storage Stock Is Best Positioned to Win the AI Memory War? (SNDK)
• Positive Sentiment: Sandisk’s Fab2 launch with Kioxia and the start of BiCS10 sampling suggest continued product and manufacturing momentum in advanced memory technology. Sandisk (SNDK) Launches Fab2 With Kioxia As BiCS10 Sampling Begins
• Neutral Sentiment: Analyst coverage from Argus began with a Hold rating, signaling caution rather than a bullish call, but not a major fundamental downgrade. Analyst Maintains Hold on SanDisk After Post–Spin-Off Rally, Awaiting Pullback or Clear Earnings Acceleration
• Negative Sentiment: Memory and chip stocks are under sector-wide pressure as traders lock in gains from the AI hardware rally, dragging Sandisk lower along with peers such as Micron and Western Digital. Memory-Chip Selloff Drags Nasdaq 100 Lower, SanDisk Sinks 13%: Stock Market Today
• Negative Sentiment: Investor concerns about Chinese competition intensified after reports that CXMT is preparing a large memory-chip IPO, which has weighed on the entire memory group and added to Sandisk’s pullback. SK Hynix and SanDisk Sink 7%, Micron Falls 5% as China’s CXMT Readies an $8.6B Memory IPO
• Negative Sentiment: Articles also point to a sharp correction after Sandisk’s massive rally, with some analysts warning the best part of the move may be over for now. After A 6,000% Melt-Up, SanDisk Just Found Out Gravity Still Exists

Insider Buying and Selling at Sandisk

In other news, CAO Michael Pokorny sold 2,446 shares of Sandisk 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 value of $3,488,436.28. Following the completion of the sale, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the sale, the insider owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 6,225 shares of company stock worth $10,166,297. 0.21% of the stock is currently owned by company insiders.

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.