John G Ullman & Associates Inc. Has $3.95 Million Stock Holdings in Sandisk Corporation $SNDK

John G Ullman & Associates Inc. lessened its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 40.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,655 shares of the data storage provider’s stock after selling 11,533 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Sandisk were worth $3,954,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SNDK. Vanguard Group Inc. acquired a new position in shares of Sandisk during the third quarter valued at $1,970,388,000. State Street Corp acquired a new position in shares of Sandisk during the third quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sandisk during the third quarter valued at $297,293,000. Bank of America Corp DE acquired a new position in shares of Sandisk during the third quarter valued at $190,425,000. Finally, AQR Capital Management LLC acquired a new position in shares of Sandisk during the third quarter valued at $163,057,000.

Insiders Place Their Bets

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the sale, the chief accounting officer directly owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% 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, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the sale, the director owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,525 shares of company stock worth $6,555,092 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk is being viewed as a key beneficiary of the AI infrastructure trade, with strong enterprise SSD and datacenter demand supporting the bull case. Sandisk Rides on Strong Datacenter Revenues: More Upside Ahead?
• Positive Sentiment: Commentary continues to highlight the strength of the memory rally and argue that Sandisk’s stock could still have room to rise, reinforcing momentum sentiment. Sandisk Price Prediction: Has the Rally Gone Too Far?
• Positive Sentiment: Recent market chatter says S&P upgraded Sandisk after it repaid all debt, built a $3.7 billion cash pile, and authorized a $6 billion buyback plan, all of which support the stock. What's Going On With Sandisk Stock Thursday?
• Positive Sentiment: Analysts have continued lifting price targets, showing confidence in Sandisk’s earnings power and growth outlook. SanDisk (SNDK) price target increased by 44.34% to 1,248.91
• Neutral Sentiment: Sandisk said it is rejecting an unsolicited “mini-tender” offer from Tutanota LLC, which appears immaterial to operations but underscores how much attention the stock has drawn after its sharp run-up. Sandisk Recommends Stockholders Reject “Mini-Tender” Offer by Tutanota LLC
• Neutral Sentiment: An insider sale by the chief accounting officer was disclosed, but it looks more routine than alarming and does not change the fundamental outlook. Top SanDisk Executive Makes Major Move With Insider Stock Sale
• Negative Sentiment: Some recent commentary warns the rally may be stretched, leaving Sandisk vulnerable to volatility if sentiment cools or investors start taking profits.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SNDK. Bank of America upped their price target on Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Royal Bank Of Canada upped their price target on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Citigroup upped their price objective on Sandisk from $980.00 to $1,300.00 and gave the company a “buy” rating in a report on Friday, May 1st. KGI Securities began coverage on Sandisk in a report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price objective for the company. Finally, Sanford C. Bernstein upped their price objective on Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,065.81.

Sandisk Trading Up 1.8%

NASDAQ SNDK opened at $1,407.61 on Friday. The stock has a 50-day simple moving average of $899.12 and a 200 day simple moving average of $553.06. The company has a market capitalization of $208.45 billion, a PE ratio of 48.93 and a beta of 4.82. Sandisk Corporation has a 12 month low of $35.79 and a 12 month high of $1,600.00.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping 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 during the quarter. During the same quarter last year, the company earned ($0.30) earnings per share. The firm’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

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.