Sandisk Corporation $SNDK Position Reduced by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 28.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,970 shares of the data storage provider’s stock after selling 10,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Sandisk were worth $6,165,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SNDK. Vanguard Group Inc. purchased a new stake in Sandisk during the third quarter valued at about $1,970,388,000. State Street Corp purchased a new stake in Sandisk during the third quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sandisk in the third quarter worth approximately $297,293,000. Bank of America Corp DE purchased a new stake in shares of Sandisk in the third quarter worth approximately $190,425,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Sandisk in the third quarter worth approximately $163,057,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk continues to benefit from intense AI infrastructure demand, especially for memory chips used in data centers, which has helped drive the stock to record levels and prompted bullish commentary on further upside. Why Micron, Sandisk Stock Are Climbing Despite Fears of an Even Bigger Memory-Chip Shortage
• Positive Sentiment: New leveraged ETFs and memory-focused funds are being launched to capture the AI-memory trade, signaling strong investor appetite for SanDisk and peer semiconductor names. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
• Positive Sentiment: Several bullish articles highlighted SanDisk’s extraordinary year-to-date gains and suggested the stock could still have room to run, keeping momentum traders engaged. Trading expert sets date when Sandisk stock will hit $2,000
• Neutral Sentiment: Some market commentary focused on SanDisk’s valuation and technical overbought signals, suggesting the stock may be due for consolidation after its explosive advance. What’s Going On With SanDisk Stock Tuesday?
• Neutral Sentiment: Analysts and market pieces debated whether investors should buy, hold, or sell at current elevated levels, reflecting uncertainty rather than a clear new fundamental catalyst. SNDK Stock Alert: SanDisk Falls Amid Broader Chip Pullback
• Negative Sentiment: SanDisk and other memory-chip stocks sold off as investors took profits amid a broader semiconductor pullback, which appears to be the main reason shares have recently weakened. SanDisk, Micron Stocks Plummet As Korea Shockwave Batters The Great Memory Boom

Analyst Ratings Changes

SNDK has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Sandisk from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. UBS Group set a $1,700.00 price target on shares of Sandisk in a research report on Monday, May 4th. Wall Street Zen raised shares of Sandisk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Wedbush increased their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,065.81.

Sandisk Stock Down 0.3%

Shares of SNDK stock opened at $1,447.23 on Thursday. Sandisk Corporation has a 12 month low of $35.79 and a 12 month high of $1,600.00. The business’s 50 day moving average is $866.60 and its two-hundred day moving average is $538.61. The company has a market cap of $214.32 billion, a PE ratio of 50.30 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate 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 last year, the business earned ($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. As a group, equities analysts expect that Sandisk Corporation will post 63.93 EPS for the current fiscal year.

Insider Activity at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the transaction, the director owned 9,907 shares in the company, valued at $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Necip Sayiner sold 579 shares of the 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 value of $870,300.69. Following the transaction, the director owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

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.