Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stake in Sandisk Corporation $SNDK

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Sandisk Corporation (NASDAQ:SNDK) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 32,385 shares of the data storage provider’s stock after selling 2,770 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Sandisk were worth $7,688,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new position in Sandisk during the third quarter worth $1,970,388,000. State Street Corp purchased a new position in Sandisk during the third quarter worth $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in Sandisk during the third quarter worth $297,293,000. Norges Bank purchased a new position in Sandisk during the fourth quarter worth $518,889,000. Finally, Bank of America Corp DE purchased a new position in Sandisk during the third quarter worth $190,425,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Multiple articles highlighted Sandisk as a beneficiary of the AI memory supercycle, with analysts and commentators saying tight memory markets, strong pricing, and booming data center demand could keep supporting earnings and valuation. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Positive Sentiment: Several bullish pieces said Sandisk remains one of the favored AI memory stocks, with some writers arguing the company is still undervalued despite its huge run and that analysts see additional upside ahead. After SanDisk’s Historic Run, Analysts Still See More Upside
• Positive Sentiment: Sandisk was also cited as one of the top-searching and most-followed tickers in May, reflecting strong retail and trader interest that can help keep momentum in the stock. Is Sandisk Corporation (SNDK) One of the Top Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing?
• Positive Sentiment: An article on 247WallSt called Sandisk its favorite stock idea, citing the AI data center buildout as a major tailwind for the company’s storage products. Why Sandisk Corporation Is My Favorite Stock Idea Right Now
• Neutral Sentiment: Sandisk EVP Alper Ilkbahar sold 2,000 shares for about $3.5 million, a modest insider sale that may be viewed as routine profit-taking, though it can still add a little caution for investors. SEC filing
• Negative Sentiment: One article noted that Sandisk’s stock and short interest are both at record highs, which suggests the move has become crowded and could invite volatility if sentiment shifts. SanDisk’s stock and short interest both at record highs – do the bears know something?

Analysts Set New Price Targets

Several equities analysts have weighed in on SNDK shares. Mizuho raised their price target on Sandisk from $1,625.00 to $1,825.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Jefferies Financial Group reissued a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Bank of America raised their price target on Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Finally, Melius Research set a $2,350.00 price target on Sandisk in a research report 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $1,368.73.

Insider Activity at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the transaction, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 5,025 shares of company stock worth $7,871,897. 0.21% of the stock is owned by insiders.

Sandisk Stock Down 2.6%

SNDK stock opened at $1,716.36 on Wednesday. Sandisk Corporation has a 52-week low of $36.87 and a 52-week high of $1,804.00. The stock’s fifty day simple moving average is $1,093.12 and its 200-day simple moving average is $657.86. The stock has a market capitalization of $254.18 billion, a price-to-earnings ratio of 59.66 and a beta of 4.87.

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.

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.