Sandisk Corporation $SNDK Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 6.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 82,159 shares of the data storage provider’s stock after selling 5,310 shares during the quarter. Sei Investments Co.’s holdings in Sandisk were worth $52,203,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SNDK. Alamar Capital Management LLC bought a new position in shares of Sandisk in the first quarter valued at $10,599,000. Lido Advisors LLC boosted its position in shares of Sandisk by 247.2% in the first quarter. Lido Advisors LLC now owns 5,160 shares of the data storage provider’s stock worth $3,279,000 after buying an additional 3,674 shares during the period. Monashee Investment Management LLC purchased a new position in shares of Sandisk during the first quarter valued at $3,177,000. Cetera Investment Advisers lifted its stake in Sandisk by 106.0% in the 1st quarter. Cetera Investment Advisers now owns 20,381 shares of the data storage provider’s stock worth $12,949,000 after acquiring an additional 10,486 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Sandisk by 115.3% during the 1st quarter. First Trust Advisors LP now owns 134,211 shares of the data storage provider’s stock worth $85,270,000 after acquiring an additional 71,867 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SNDK. Evercore set a $3,100.00 target price on Sandisk in a report on Monday, July 13th. Sanford C. Bernstein raised their price target on shares of Sandisk from $1,700.00 to $3,000.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Mizuho upped their price objective on shares of Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Finally, Morgan Stanley increased their target price on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,811.38.

Sandisk Price Performance

Shares of Sandisk stock opened at $1,436.56 on Friday. The firm has a market cap of $212.74 billion, a price-to-earnings ratio of 49.93 and a beta of 4.74. The stock has a 50-day simple moving average of $1,754.03 and a 200-day simple moving average of $1,087.24. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company’s quarterly revenue was up 251.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts predict that Sandisk Corporation will post 64.52 earnings per share for the current year.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk remains a major AI-storage beneficiary, with multiple recent articles highlighting strong demand for memory and enterprise storage tied to AI infrastructure spending and tight supply. Article Title
• Positive Sentiment: Analysts and traders are still focused on SanDisk’s upcoming fiscal Q4 earnings on August 5, with expectations for a large move and a chance for another earnings beat after a strong surprise history. Article Title
• Neutral Sentiment: New ETF products are being launched to trade the DRAM and memory rally, underscoring strong investor interest in the group, though this is more a sentiment signal than a direct catalyst for SanDisk. Article Title
• Neutral Sentiment: Options traders are pricing in a sizable post-earnings swing, reflecting elevated expectations and uncertainty heading into the report. Article Title
• Negative Sentiment: Memory and chip stocks are under pressure today, and SanDisk is being dragged lower by a sector-wide risk-off move after recent gains in AI-related semiconductors. Article Title
• Negative Sentiment: SanDisk has also pulled back sharply from recent highs, and some coverage now frames the move as a correction after an extended AI-driven rally. Article Title

Insider Buying and Selling at Sandisk

In other news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the transaction, the insider owned 31,515 shares in the company, valued at approximately $65,803,320. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is currently owned by 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.