Sandisk Corporation $SNDK Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 44.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,655,860 shares of the data storage provider’s stock after acquiring an additional 1,133,276 shares during the period. Geode Capital Management LLC’s holdings in Sandisk were worth $866,310,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SNDK. Vanguard Group Inc. purchased a new position in shares of Sandisk during the 3rd quarter valued at about $1,970,388,000. State Street Corp purchased a new position in shares of Sandisk during the 3rd quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sandisk during the 3rd quarter valued at about $297,293,000. Bank of America Corp DE purchased a new position in shares of Sandisk during the 3rd quarter valued at about $190,425,000. Finally, AQR Capital Management LLC purchased a new position in shares of Sandisk during the 3rd quarter valued at about $163,057,000.

Sandisk Price Performance

Shares of SNDK stock opened at $1,694.98 on Friday. The company has a market cap of $251.01 billion, a price-to-earnings ratio of 58.91 and a beta of 4.82. The stock has a 50 day simple moving average of $1,073.33 and a 200-day simple moving average of $644.72. Sandisk Corporation has a 1-year low of $36.21 and a 1-year high of $1,708.83.

Sandisk (NASDAQ:SNDK) last announced its 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. The business had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Analysts anticipate that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Key Sandisk News

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

Analyst Upgrades and Downgrades

SNDK has been the topic of a number of analyst reports. Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Wells Fargo & Company raised their price objective on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Wedbush raised their price objective on shares of Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Melius Research set a $2,350.00 price objective on shares of Sandisk in a research note on Monday, May 18th. Three 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 has a consensus rating of “Buy” and an average price target of $1,368.73.

Insider Activity at Sandisk

In other news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were 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. The trade was a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. This represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

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.