Sandisk Corporation $SNDK Shares Sold by Trivest Advisors Ltd

Trivest Advisors Ltd cut its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 96.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,200 shares of the data storage provider’s stock after selling 465,430 shares during the period. Sandisk accounts for 0.8% of Trivest Advisors Ltd’s holdings, making the stock its 21st biggest position. Trivest Advisors Ltd’s holdings in Sandisk were worth $10,928,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNDK. Allworth Financial LP raised its holdings in Sandisk by 84.2% in the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after purchasing an additional 2,067 shares during the period. Tredje AP fonden acquired a new stake in Sandisk in the fourth quarter valued at approximately $7,821,000. ProShare Advisors LLC grew its holdings in Sandisk by 1,301.5% in the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock valued at $7,985,000 after purchasing an additional 31,237 shares during the period. FourThought Financial Partners LLC purchased a new stake in shares of Sandisk in the fourth quarter valued at approximately $422,000. Finally, North Dakota State Investment Board purchased a new stake in shares of Sandisk in the fourth quarter valued at approximately $1,127,000.

Sandisk Stock Performance

Shares of SNDK opened at $1,354.38 on Monday. Sandisk Corporation has a one year low of $40.10 and a one year high of $2,354.39. The stock has a market capitalization of $200.57 billion, a price-to-earnings ratio of 47.08 and a beta of 4.74. The stock has a 50 day moving average price of $1,746.25 and a 200 day moving average price of $1,048.16.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data 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 return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion for the quarter. During the same quarter in the previous year, the business posted ($0.30) EPS. The company’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, analysts predict that Sandisk Corporation will post 64.52 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SNDK shares. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Melius Research set a $2,350.00 price objective on shares of Sandisk in a research report on Monday, May 18th. Citigroup upped their price objective on shares of Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Evercore set a $3,100.00 price objective on shares of Sandisk in a report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,803.29.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Despite the pullback, several recent pieces remain constructive on Sandisk’s long-term setup, pointing to strong demand from AI infrastructure and tighter memory supply conditions that could support revenue and margins. Article Title
• Positive Sentiment: Sandisk’s valuation has come down sharply from recent highs, with some investors and analysts arguing the selloff may have made the stock more attractive relative to its growth outlook. Article Title
• Neutral Sentiment: Sandisk also announced progress on its Fab2 project with Kioxia and said BiCS10 sampling has begun, a development that supports its product roadmap but is not an immediate earnings catalyst. Article Title
• Negative Sentiment: Technical damage has intensified after the stock broke key support levels, with chart watchers citing a sharp drop from recent peaks and warning that momentum has turned decisively lower ahead of the next earnings report. Article Title
• Negative Sentiment: Sector-wide weakness, including concerns about Chinese competition and a broad AI-chip rotation, has added to the selloff in memory stocks such as Sandisk. Article Title

Insider Buying and Selling at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,225 shares of company stock valued at $10,166,297 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

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.