Praxis Investment Management Inc. Cuts Stock Holdings in Sandisk Corporation $SNDK

Praxis Investment Management Inc. decreased its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,279 shares of the data storage provider’s stock after selling 471 shares during the period. Praxis Investment Management Inc.’s holdings in Sandisk were worth $1,016,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SNDK. Vanguard Group Inc. purchased a new position in Sandisk in the third quarter worth $1,970,388,000. State Street Corp purchased a new position in Sandisk in the third quarter worth $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in Sandisk in the third quarter worth $297,293,000. Bank of America Corp DE purchased a new position in Sandisk in the third quarter worth $190,425,000. Finally, AQR Capital Management LLC purchased a new position in Sandisk in the third quarter worth $163,057,000.

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $1,409.98 on Thursday. Sandisk Corporation has a one year low of $33.13 and a one year high of $1,439.70. The business’s fifty day moving average price is $783.16 and its 200-day moving average price is $492.15. The stock has a market capitalization of $208.80 billion, a PE ratio of 49.01 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion for the quarter. During the same period in the prior year, the company earned ($0.30) EPS. The firm’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts expect that Sandisk Corporation will post 50.53 EPS for the current fiscal year.

Insider Activity

In related news, Director Miyuki Suzuki sold 3,500 shares of the business’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 directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Sanford C. Bernstein boosted their price objective on Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Monday. Royal Bank Of Canada upped their price target on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Wells Fargo & Company upped their price target on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Wedbush upped their price target on Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,065.81.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk announced or locked in roughly $42 billion in long‑term AI supply deals, underpinning revenue visibility and supporting outsized gross margins — a major catalyst behind the recent runup. SanDisk Surges 10% After Locking In $42B
• Positive Sentiment: Company fundamentals look strong: recent quarterly results showed large revenue/margin beats and management set aggressive EPS guidance, giving investors confidence in near‑term profitability. Sandisk Put A Collar On It, For Now
• Positive Sentiment: Analysts have been raising price targets on AI/memory names including SanDisk as chip shortages and AI demand lift near‑term earnings expectations — a technical tailwind for the stock. Analyst Price Target Raises
• Positive Sentiment: Media/celebrity endorsement (Jim Cramer) and broad memory‑stock momentum have amplified buying interest, contributing to recent record highs and heightened retail/institutional attention. Jim Cramer on Sandisk
• Neutral Sentiment: Outlook pieces and target timelines (e.g., $1,700 target estimates) keep bullish expectations in the story, but they are projections that depend on sustained AI demand and supply tightness. Top Analyst $1,700 Timing
• Negative Sentiment: Options market activity signals elevated downside hedging: implied volatility is very high (~107%) and the put‑call skew (put‑call ratio ~1.42) plus heavy put open interest indicate traders are positioning for a pullback — a short‑term risk to the rally. Options Market Pricing a Big Selloff
• Negative Sentiment: While NBMs (long‑term contracts) boost revenue visibility, they also limit upside from further spot price rallies; additionally, early signs of NAND price normalization could reduce margin expansion vs. recent quarters. Still Time to Pay Up?

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.