DNB Asset Management AS Trims Stock Position in Sandisk Corporation $SNDK

DNB Asset Management AS trimmed its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 97.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,736 shares of the data storage provider’s stock after selling 822,868 shares during the period. DNB Asset Management AS’s holdings in Sandisk were worth $4,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Whittier Trust Co. purchased a new position in shares of Sandisk during the 4th quarter worth approximately $26,000. Chung Wu Investment Group LLC purchased a new position in shares of Sandisk during the 4th quarter worth approximately $27,000. Westfuller Advisors LLC raised its stake in shares of Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after buying an additional 43 shares in the last quarter. Torren Management LLC purchased a new position in shares of Sandisk during the 4th quarter worth approximately $37,000. Finally, Assetmark Inc. raised its stake in shares of Sandisk by 71.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock worth $42,000 after buying an additional 73 shares in the last quarter.

Sandisk Stock Up 3.8%

SNDK stock opened at $1,383.29 on Wednesday. Sandisk Corporation has a 52-week low of $35.79 and a 52-week high of $1,600.00. The stock’s fifty day simple moving average is $931.59 and its 200-day simple moving average is $572.16. The stock has a market capitalization of $204.85 billion, a price-to-earnings ratio of 48.08 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.95 billion for the quarter. During the same quarter last year, the business earned ($0.30) EPS. Sandisk’s revenue for the quarter was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts anticipate that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SNDK. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Wells Fargo & Company increased their target price on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Royal Bank Of Canada increased their target price on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. KGI Securities began coverage on Sandisk in a research note on Wednesday, March 18th. They set an “outperform” rating and a $992.00 target price for the company. Finally, UBS Group set a $1,700.00 target price on Sandisk in a research note on Monday, May 4th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,157.14.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Citi sharply raised its price target on Sandisk to $2,025 from $1,300 and kept a Buy rating, citing accelerating NAND demand tied to AI infrastructure and hyperscale data center expansion. The upgrade reinforced the view that Sandisk still has meaningful upside after its huge run. Sandisk Stock Can Rise Another 52%, Says Citi. Why Investors Should Buy.
• Positive Sentiment: Melius Research also boosted its target, calling for $2,350, which added to the bullish analyst momentum around Sandisk and the AI memory trade. Wall Street sets Sandisk stock price target for the next 12 months
• Positive Sentiment: Recent commentary highlighted Sandisk’s strong fundamentals, including surging revenue, margin expansion, and AI-driven storage demand, which continues to support the long-term bull case for the stock. Micron (MU) and SanDisk (SNDK) – Why a Top Analyst Boosted Price Targets on These AI Stocks
• Neutral Sentiment: Sandisk is also benefiting from the broader narrative that AI is shifting demand from compute to storage, with investors increasingly treating NAND flash as a key bottleneck in AI infrastructure rather than a commodity product.
• Negative Sentiment: Despite the bullish analyst action, Sandisk has been slipping at times along with the wider chip sector as rising bond yields and general tech-sector caution pressure high-beta semiconductor stocks. Micron, SanDisk Stocks Meet The Bond Time Bomb: 30-Year Yields Hit 19-Year Highs
• Negative Sentiment: Some investors are also taking profits after Sandisk’s massive year-long rally, leading to short-term cooling and fears that the stock’s near-term upside may be more limited after such a dramatic run.

Insider Transactions at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the sale, the director owned 9,907 shares in the company, valued at $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,525 shares of company stock worth $6,555,092 over the last quarter. 0.21% of the stock is currently owned by 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.