Sandisk Corporation $SNDK Position Reduced by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund trimmed its position in Sandisk Corporation (NASDAQ:SNDK) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,900 shares of the data storage provider’s stock after selling 15,200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Sandisk were worth $3,774,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Independent Advisor Alliance acquired a new position in shares of Sandisk in the fourth quarter worth about $255,000. Hartford Investment Management Co. acquired a new position in shares of Sandisk in the fourth quarter worth about $1,912,000. Katamaran Capital LLP purchased a new stake in shares of Sandisk in the fourth quarter worth approximately $1,800,000. Swiss Life Asset Management Ltd lifted its position in shares of Sandisk by 44.9% in the fourth quarter. Swiss Life Asset Management Ltd now owns 8,824 shares of the data storage provider’s stock worth $2,095,000 after purchasing an additional 2,734 shares in the last quarter. Finally, Sentry Investment Management LLC lifted its position in shares of Sandisk by 33,000.0% in the fourth quarter. Sentry Investment Management LLC now owns 331 shares of the data storage provider’s stock worth $79,000 after purchasing an additional 330 shares in the last quarter.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction that occurred on 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 owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 6,525 shares of company stock valued at $6,555,092. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays increased their price target on shares of Sandisk from $750.00 to $1,200.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Citigroup increased their price target on shares of Sandisk from $980.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Sanford C. Bernstein increased their price target on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Royal Bank Of Canada increased their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Finally, Evercore reissued an “outperform” rating and issued a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,065.81.

Sandisk Stock Performance

Shares of SNDK opened at $1,382.72 on Friday. The firm has a market cap of $204.77 billion, a PE ratio of 48.06 and a beta of 4.82. The firm’s 50 day moving average price is $882.95 and its 200 day moving average price is $547.04. Sandisk Corporation has a twelve month low of $35.79 and a twelve month high of $1,600.00.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. Sandisk’s revenue was up 251.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts anticipate that Sandisk Corporation will post 63.93 earnings per share for the current fiscal year.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P upgraded Sandisk after the company repaid all debt, built a $3.7 billion cash position, and announced a $6 billion stock buyback plan, reinforcing confidence in its balance sheet and capital return strategy. What's Going On With Sandisk Stock Thursday?
• Positive Sentiment: Analysts raised price targets and several commentary pieces highlighted Sandisk as a major beneficiary of the AI infrastructure trade, with investors betting on strong demand for DRAM, NAND, high-bandwidth memory, and enterprise storage. How Far Can the Micron and Sandisk Rally Run?
• Positive Sentiment: Momentum in memory-chip names has also been supported by reports of a tighter supply backdrop, including concerns that labor disruption at Samsung could affect global memory-chip output. Why Micron, Sandisk Stock Are Climbing Despite Fears of an Even Bigger Memory-Chip Shortage
• Neutral Sentiment: Sandisk continues to attract heavy retail and ETF attention, including leveraged AI and memory-focused products, which can amplify volatility but also keep trading interest elevated. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
• Negative Sentiment: A CAO sold 2,446 shares for about $3.49 million, trimming ownership by nearly 10%; insider selling can sometimes weigh on sentiment even when it may be routine. SEC filing
• Negative Sentiment: Some articles warned that the stock’s massive run-up may be leaving it vulnerable to pullbacks, with technical and valuation-focused pieces urging caution after the recent surge. Don’t Throw Caution Away, Says Top Investor About Sandisk Stock

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.