Sandisk Corporation $SNDK Stock Holdings Cut by Seven Grand Managers LLC

Seven Grand Managers LLC trimmed its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 33.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 200,000 shares of the data storage provider’s stock after selling 100,000 shares during the quarter. Sandisk comprises 3.6% of Seven Grand Managers LLC’s portfolio, making the stock its 4th biggest holding. Seven Grand Managers LLC’s holdings in Sandisk were worth $47,476,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new position in Sandisk during the 3rd quarter worth $1,970,388,000. State Street Corp bought a new stake in shares of Sandisk during the 3rd quarter worth $491,053,000. Geode Capital Management LLC raised its stake in shares of Sandisk by 44.9% during the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after purchasing an additional 1,133,276 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Sandisk during the 3rd quarter worth $297,293,000. Finally, Bank of America Corp DE bought a new stake in shares of Sandisk during the 3rd quarter worth $190,425,000.

Insider Transactions at Sandisk

In related 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 value of $870,300.69. Following the sale, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were 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 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 disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Barclays raised its price target on Sandisk and maintained a bullish view, saying AI-driven storage demand and Sandisk’s contract strategy still leave room for further upside. SanDisk (SNDK) Stock Has Exploded 4,000%. This 5-Star Analyst Still Sees More Upside
• Positive Sentiment: Multiple reports highlighted Sandisk as a leader in the AI memory supercycle, with chip shortages and strong pricing trends supporting continued earnings momentum. Memory Supercycle: Why MU & SNDK Are Set for a Grand Finale
• Positive Sentiment: Recent articles also pointed to Sandisk’s massive run and strong investor interest, reinforcing the view that momentum traders and growth investors are still piling into the name. What’s Going On With SanDisk Stock Wednesday?

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SNDK. Weiss Ratings upgraded Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Evercore reiterated an “outperform” rating and set a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Wedbush lifted their target price on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Mizuho set a $1,220.00 target price on Sandisk in a research note on Friday, May 1st. Finally, Melius Research set a $2,350.00 target price on Sandisk in a research note on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Sandisk has a consensus rating of “Buy” and a consensus target price of $1,207.14.

Sandisk Stock Performance

Shares of Sandisk stock opened at $1,589.94 on Thursday. Sandisk Corporation has a 52-week low of $36.21 and a 52-week high of $1,658.77. The stock’s 50-day simple moving average is $1,036.08 and its 200 day simple moving average is $627.45. The stock has a market capitalization of $235.45 billion, a P/E ratio of 55.26 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) 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 business had revenue of $5.95 billion for the quarter. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. The company’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts forecast that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

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.