Sandisk Corporation $SNDK Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,851 shares of the data storage provider’s stock after selling 1,681 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sandisk were worth $1,626,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Whittier Trust Co. purchased a new stake in Sandisk during the 4th quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sandisk during the 3rd quarter worth about $27,000. Chung Wu Investment Group LLC purchased a new stake in Sandisk during the 4th quarter worth about $27,000. CVA Family Office LLC purchased a new stake in Sandisk during the 3rd quarter worth about $28,000. Finally, Westfuller Advisors LLC increased its position in Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares in the last quarter.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Recent commentary continues to support the AI memory thesis, with analysts and market watchers saying Sandisk remains well positioned to benefit from rising hyperscaler spending and strong demand for NAND and storage products. Why These 3 High-Flying Memory & Storage Stocks Will Rise Further
• Positive Sentiment: Sandisk’s latest earnings and guidance were viewed as strong, reinforcing the bull case after the company reported a record quarter and raised optimism around future AI storage demand. SanDisk (SNDK) Delivered a Record Quarter. The AI Storage Bull Case Is Intact
• Positive Sentiment: Wall Street sentiment remains upbeat, with several firms reiterating buy ratings and some targets far above current trading levels, including a recent $2,000 price target from Susquehanna. SanDisk (SNDK) Stock Soars as Susquehanna Sets Bold $2,000 Price Target
• Neutral Sentiment: A director sold a small stake, which may add to near-term caution, but the transaction was modest relative to the executive’s remaining holdings and does not appear to change the broader story. Necip Sayiner Sells 579 Shares of Sandisk (NASDAQ:SNDK) Stock
• Negative Sentiment: The biggest drag today is sector-wide profit-taking: memory and chip names sold off sharply, with SanDisk cited as one of the leaders of the decline as investors rotated out of overheated semiconductor trades. SanDisk, Micron Stocks Plummet As Korea Shockwave Batters The Great Memory Boom
• Negative Sentiment: Several reports also warn the stock is technically overextended after a massive year-to-date surge, suggesting a pullback was due even without a fundamental setback. What’s Going On With SanDisk Stock Tuesday?

Insider Activity at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the sale, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Sandisk Trading Down 6.2%

NASDAQ SNDK opened at $1,452.02 on Wednesday. Sandisk Corporation has a twelve month low of $35.79 and a twelve month high of $1,600.00. The business’s 50-day moving average price is $850.04 and its 200 day moving average price is $529.60. The company has a market capitalization of $215.03 billion, a PE ratio of 50.47 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion during the quarter. During the same period last year, the company posted ($0.30) EPS. The business’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. Equities analysts predict that Sandisk Corporation will post 63.93 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on SNDK shares. Sanford C. Bernstein lifted their price objective on Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Citigroup raised their target price 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. The Goldman Sachs Group restated a “buy” rating and set a $1,200.00 target price 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. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,065.81.

Sandisk Company 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.