Clal Insurance Enterprises Holdings Ltd Sells 223,000 Shares of Sandisk Corporation $SNDK

Clal Insurance Enterprises Holdings Ltd decreased its stake in Sandisk Corporation (NASDAQ:SNDK) by 65.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,000 shares of the data storage provider’s stock after selling 223,000 shares during the period. Clal Insurance Enterprises Holdings Ltd owned 0.08% of Sandisk worth $73,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Himension Capital Singapore PTE. LTD. bought a new stake in Sandisk during the first quarter worth about $43,000. Temasek Holdings Private Ltd acquired a new position in Sandisk during the first quarter valued at approximately $19,368,000. PNC Financial Services Group Inc. grew its stake in Sandisk by 86.5% in the first quarter. PNC Financial Services Group Inc. now owns 30,049 shares of the data storage provider’s stock valued at $19,091,000 after purchasing an additional 13,940 shares in the last quarter. Wilkerson Advisory Group LLC bought a new position in Sandisk in the first quarter valued at approximately $76,000. Finally, Atlantic Private Wealth LLC increased its position in shares of Sandisk by 23.2% during the 1st quarter. Atlantic Private Wealth LLC now owns 409 shares of the data storage provider’s stock worth $260,000 after purchasing an additional 77 shares during the last quarter.

Analyst Upgrades and Downgrades

SNDK has been the topic of a number of analyst reports. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Evercore set a $3,100.00 target price on shares of Sandisk in a report on Monday, July 13th. Royal Bank Of Canada boosted their target price on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Susquehanna upped their price target on shares of Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Finally, Cantor Fitzgerald increased their price target on shares of Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,803.29.

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,225 shares of company stock valued at $10,166,297 over the last three months. Company insiders own 0.21% of the company’s stock.

Sandisk Trading Up 14.3%

SNDK stock opened at $1,589.40 on Wednesday. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,354.39. The business’s 50 day simple moving average is $1,745.86 and its 200 day simple moving average is $1,065.78. The firm has a market capitalization of $235.37 billion, a PE ratio of 55.25 and a beta of 4.74.

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, 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 business had revenue of $5.95 billion during the quarter. During the same period in the prior year, the business earned ($0.30) EPS. The company’s revenue for the quarter 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 64.52 EPS for the current fiscal year.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory-chip stocks are rebounding broadly, with SanDisk cited as one of the leaders as investors buy the dip following last week’s selloff and a recent memory-stock rout. Article Title
• Positive Sentiment: UBS said the forced selling in AI and semiconductor names may be close to ending, which could allow investors to rebuild positions in the sector and support a rebound in Sandisk shares. Article Title
• Positive Sentiment: Analyst and investor commentary remains constructive, including a Bernstein reiterated bullish stance and Seeking Alpha’s view that Sandisk could be a long-term “Strong Buy” due to stronger margins and AI infrastructure demand. Article Title
• Positive Sentiment: Broader market headlines say the AI trade is regaining momentum, with chip stocks leading the rebound and investors looking past recent geopolitical worries. Article Title

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.