Healthcare of Ontario Pension Plan Trust Fund Acquires 36,368 Shares of Sandisk Corporation $SNDK

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 76.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,124 shares of the data storage provider’s stock after purchasing an additional 36,368 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Sandisk were worth $53,447,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Valley Wealth Managers Inc. bought a new position in Sandisk during the 1st quarter worth $25,000. Whittier Trust Co. acquired a new position in Sandisk during the 4th quarter worth about $26,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk in the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk in the 4th quarter valued at about $27,000. Finally, Westfuller Advisors LLC increased its stake 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 period.

Insider Buying and Selling

In related news, Director Necip Sayiner sold 579 shares of the firm’s 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 transaction, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction 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. The trade was a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,225 shares of company stock valued at $10,166,297 in the last 90 days. Insiders own 0.21% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk remains a major AI-storage beneficiary, with multiple recent articles highlighting strong demand for memory and enterprise storage tied to AI infrastructure spending and tight supply. Article Title
• Positive Sentiment: Analysts and traders are still focused on SanDisk’s upcoming fiscal Q4 earnings on August 5, with expectations for a large move and a chance for another earnings beat after a strong surprise history. Article Title
• Neutral Sentiment: New ETF products are being launched to trade the DRAM and memory rally, underscoring strong investor interest in the group, though this is more a sentiment signal than a direct catalyst for SanDisk. Article Title
• Neutral Sentiment: Options traders are pricing in a sizable post-earnings swing, reflecting elevated expectations and uncertainty heading into the report. Article Title
• Negative Sentiment: Memory and chip stocks are under pressure today, and SanDisk is being dragged lower by a sector-wide risk-off move after recent gains in AI-related semiconductors. Article Title
• Negative Sentiment: SanDisk has also pulled back sharply from recent highs, and some coverage now frames the move as a correction after an extended AI-driven rally. Article Title

Sandisk Price Performance

NASDAQ:SNDK opened at $1,436.56 on Friday. The company has a market cap of $212.74 billion, a PE ratio of 49.93 and a beta of 4.74. Sandisk Corporation has a one year low of $40.10 and a one year high of $2,354.39. The firm has a 50-day moving average of $1,754.03 and a 200-day moving average of $1,087.24.

Sandisk (NASDAQ:SNDK) last posted its 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. The company had revenue of $5.95 billion for 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 quarter in the prior year, the business earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts expect that Sandisk Corporation will post 64.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SNDK. Jefferies Financial Group restated a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. UBS Group set a $1,700.00 target price on shares of Sandisk in a research report on Monday, May 4th. Melius Research set a $2,350.00 price target on shares of Sandisk in a report on Monday, May 18th. Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $1,470.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,811.38.

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.