Sandisk Corporation $SNDK Shares Sold by AIGH Capital Management LLC

AIGH Capital Management LLC decreased its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 28.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 200,000 shares of the data storage provider’s stock after selling 80,000 shares during the quarter. Sandisk comprises 17.3% of AIGH Capital Management LLC’s holdings, making the stock its largest position. AIGH Capital Management LLC’s holdings in Sandisk were worth $127,068,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Resona Asset Management Co. Ltd. grew its holdings in Sandisk by 13.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,984 shares of the data storage provider’s stock valued at $1,261,000 after buying an additional 228 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Sandisk in the 1st quarter worth $329,000. Capstone Capital Management Ltd purchased a new position in shares of Sandisk during the 1st quarter worth $3,978,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Sandisk by 6.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,901 shares of the data storage provider’s stock worth $10,738,000 after acquiring an additional 1,001 shares during the period. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Sandisk during the 1st quarter worth $1,107,000.

Insider Activity at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares of the company’s stock, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the sale, the insider owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. This represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 6,225 shares of company stock worth $10,166,297. 0.21% of the stock is owned by corporate insiders.

Sandisk Stock Up 6.8%

Shares of Sandisk stock opened at $1,727.18 on Thursday. The firm has a market cap of $255.78 billion, a PE ratio of 60.03 and a beta of 4.74. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39. The business’s fifty day simple moving average is $1,692.15 and its 200-day simple moving average is $978.66.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The firm 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 firm’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts expect that Sandisk Corporation will post 64.01 earnings per share for the current year.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,500 from $2,100 and reiterated a Buy rating, citing a continuing supply-demand imbalance in the NAND market that could support pricing and earnings. Sandisk (SNDK): Among the Most Profitable Cheap Stocks to Invest In
• Positive Sentiment: Several recent articles argue the selloff may be an opportunity, highlighting Sandisk’s strong revenue growth, upbeat guidance, and continued AI/data-center demand for memory chips. Sandisk: I’m Catching The Falling Knife; Here’s How
• Positive Sentiment: Commentary from analysts and market watchers says Wall Street remains highly bullish on Sandisk’s long-term outlook despite near-term volatility, with some noting the stock’s momentum and large year-to-date gains. Sandisk Stock Tumbles in Tech Sell-Off, but Wall Street Sees More Upside
• Neutral Sentiment: Sandisk has been discussed as a standout momentum and “best stock to buy” candidate for the second half of 2026, reflecting strong investor interest but not a clear new fundamental catalyst. Is Sandisk Corporation (NASDAQ:SNDK) Among the Best Stocks to Buy for the Second Half of 2026?
• Negative Sentiment: The main drag today appears to be a broad memory-sector reset, with Sandisk falling alongside Micron and Western Digital as investors worry the AI memory boom may be cooling and that supply could eventually catch up with demand. Memory Stock Sell-Off: Is This the Time to Buy Micron Technology and Sandisk Like There’s No Tomorrow?
• Negative Sentiment: Citi Wealth noted that China’s domestic memory industry is gaining recognition, which could pressure incumbents like Sandisk and squeeze future profits. SanDisk and Micron Risk Profit Squeeze from Chinese Memory Threat

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SNDK. Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Cantor Fitzgerald lifted their target price on shares of Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Zacks Research lowered shares of Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Evercore reiterated an “outperform” rating and issued a $1,400.00 target price on shares of Sandisk in a report on Friday, May 1st. Finally, Susquehanna increased their price target on shares of Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,684.24.

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.