Intech Investment Management LLC Acquires New Stake in Sandisk Corporation $SNDK

Intech Investment Management LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, HoldingsChannel reports. The firm acquired 7,302 shares of the data storage provider’s stock, valued at approximately $1,733,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new position in Sandisk in the 4th quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sandisk during the third quarter worth about $27,000. Chung Wu Investment Group LLC acquired a new position in shares of Sandisk in the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC raised its position in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after buying an additional 43 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new position in shares of Sandisk during the third quarter valued at approximately $30,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a $1,400.00 target price on shares of Sandisk in a research report on Friday, May 1st. Evercore reaffirmed an “outperform” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. UBS Group set a $1,700.00 price target on Sandisk in a research note on Monday, May 4th. Melius Research set a $2,350.00 price objective on Sandisk in a report on Monday, May 18th. Finally, Wells Fargo & Company lifted their price objective 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. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,398.27.

Sandisk Stock Performance

Sandisk stock opened at $1,759.68 on Friday. Sandisk Corporation has a 1 year low of $37.33 and a 1 year high of $1,861.00. The firm has a 50 day moving average price of $1,157.00 and a 200 day moving average price of $689.74. The company has a market cap of $260.59 billion, a price-to-earnings ratio of 61.16 and a beta of 4.87.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion for the quarter. During the same quarter last year, the business earned ($0.30) EPS. The firm’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. Sell-side analysts predict that Sandisk Corporation will post 63.58 EPS for the current year.

Insider Activity at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction dated 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 directly owned 52,677 shares in the company, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the business’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 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 position. The SEC filing for this sale provides additional information. 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.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts remain broadly bullish on Sandisk, with recent upgrades and higher price targets reinforcing the view that strong AI-driven NAND demand and tight memory supply can keep earnings and valuation elevated. Article
• Positive Sentiment: Multiple reports highlighted Sandisk as a key beneficiary of the AI infrastructure buildout, suggesting the company could continue to see strong pricing power and demand for its storage products. Article
• Positive Sentiment: Commentary this week said Sandisk’s rally may not be over, with bulls arguing that booming AI memory demand and rising prices could support further upside. Article
• Neutral Sentiment: Sandisk EVP Alper Ilkbahar sold 2,000 shares, a large-dollar transaction but a relatively small portion of his holdings, so investors may view it as routine profit-taking rather than a major warning sign. SEC filing
• Negative Sentiment: One notable headwind is that the AI and chip sector cooled after Broadcom’s weaker-than-expected outlook, dragging down Sandisk along with other memory names on concerns the trade had become crowded. Article
• Negative Sentiment: Another report flagged record-high short interest alongside Sandisk’s soaring stock price, which suggests the move has become crowded and could be vulnerable if momentum fades. Article

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.