7,500 Shares in Sandisk Corporation $SNDK Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in Sandisk Corporation (NASDAQ:SNDK) during the 1st quarter, Holdings Channel reports. The fund bought 7,500 shares of the data storage provider’s stock, valued at approximately $4,765,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Silver Oak Securities Incorporated bought a new position in shares of Sandisk in the first quarter worth about $286,000. Kestra Private Wealth Services LLC acquired a new position in shares of Sandisk during the first quarter worth approximately $808,000. Ritholtz Wealth Management boosted its position in shares of Sandisk by 142.0% in the first quarter. Ritholtz Wealth Management now owns 3,616 shares of the data storage provider’s stock valued at $2,297,000 after acquiring an additional 2,122 shares during the period. Blue Trust Inc. raised its stake in Sandisk by 62.0% during the 1st quarter. Blue Trust Inc. now owns 290 shares of the data storage provider’s stock valued at $184,000 after purchasing an additional 111 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in Sandisk during the 1st quarter valued at $795,000.

Insider Activity

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 5,625 shares of company stock worth $8,913,497 over the last quarter. Corporate insiders own 0.21% of the company’s stock.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Rising AI infrastructure demand continues to support Sandisk’s NAND flash and SSD business, with multiple articles pointing to strong pricing power, improving earnings, and a favorable industry backdrop. Micron + One Explosive AI Memory Stock to Buy Before H2 2026
• Positive Sentiment: Citi raised its price target on Sandisk to $2,500 and reiterated a Buy rating, reinforcing the view that Wall Street still sees upside after the company’s blowout quarter. Citi Just Raised Its Price Target on SanDisk Stock. Here’s Why.
• Positive Sentiment: Micron’s strong results also lifted sentiment across the memory-chip group, putting Sandisk in focus as investors extrapolate stronger AI memory demand into the next quarter. Micron’s Robust Q3 Results Raise Investor Attention on These 3 Stocks
• Neutral Sentiment: Some analysis notes that Sandisk remains attractively valued versus its growth profile, but that the stock carries higher execution and customer-concentration risk than more diversified peers. Sandisk: Unlike Micron, There’s Much Higher Risk
• Negative Sentiment: Several market reports describe the move as a cooling of the memory rally, with traders locking in profits after Thursday’s sharp surge. Why Is Sandisk Stock Falling Friday?
• Negative Sentiment: One bearish note argues Sandisk has rallied too far too fast and implies material downside from current levels, adding to near-term pressure on the shares. Prediction: SanDisk Has Rallied Too Far, Too Fast. The Price Target Warns of 20%+ Downside

Analyst Ratings Changes

SNDK has been the topic of several research reports. KGI Securities started coverage on shares of Sandisk in a report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price objective on the stock. Wedbush boosted their price target on Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada lifted their price objective on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Citigroup lifted their price target on shares of Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Evercore reiterated an “outperform” rating and set a $1,400.00 target price on shares of Sandisk in a research report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,603.29.

Sandisk Stock Down 10.5%

Shares of SNDK opened at $2,090.71 on Friday. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The firm has a market capitalization of $309.61 billion, a PE ratio of 72.67 and a beta of 4.87. The stock’s fifty day simple moving average is $1,546.01 and its 200-day simple moving average is $881.10.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data 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. The business had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company’s quarterly revenue was up 251.0% on a year-over-year basis. During the same quarter in the prior 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 64.01 EPS for the current year.

Sandisk Company 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.