Artemis Investment Management LLP Cuts Position in Sandisk Corporation $SNDK

Key Points

• Artemis Investment Management LLP cut its stake in Sandisk by 56.3% in Q4, selling 27,077 shares and ending the quarter with 21,038 shares valued at about $4.99 million.
• SanDisk reported a blowout quarter — revenue rose ~251% to $5.95B and non‑GAAP EPS was $23.41 — and management issued very strong Q4 guidance (EPS $30–33; revenue $7.75B–$8.25B) alongside a $6B share buyback, prompting analysts to lift targets.
• Several major institutions (Vanguard, State Street, Arrowstreet, Bank of America, AQR) initiated large new positions recently, and the consensus from analysts is a Moderate Buy with an average target of $1,011.05.

Artemis Investment Management LLP decreased its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 56.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,038 shares of the data storage provider's stock after selling 27,077 shares during the quarter. Artemis Investment Management LLP's holdings in Sandisk were worth $4,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SNDK. Vanguard Group Inc. bought a new position in Sandisk during the third quarter valued at $1,970,388,000. State Street Corp bought a new stake in shares of Sandisk in the 3rd quarter worth about $491,053,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sandisk during the 3rd quarter valued at about $297,293,000. Bank of America Corp DE purchased a new stake in shares of Sandisk during the 3rd quarter valued at about $190,425,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Sandisk during the 3rd quarter valued at about $163,057,000.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SNDK. Raymond James Financial reiterated an "outperform" rating and issued a $1,470.00 price target on shares of Sandisk in a research report on Friday. Bank of America upped their price objective on Sandisk from $900.00 to $1,080.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Citigroup raised their price objective on Sandisk from $980.00 to $1,300.00 and gave the company a "buy" rating in a research note on Friday. Cantor Fitzgerald lifted their target price on Sandisk from $1,400.00 to $1,800.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Zacks Research raised Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 20th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,011.05.

Insider Activity

In related news, Director Miyuki Suzuki sold 3,500 shares of the business's stock in a transaction 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 completion of the transaction, the director owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Sandisk Stock Performance

Sandisk stock opened at $1,187.00 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The firm has a market capitalization of $175.20 billion, a P/E ratio of 41.26 and a beta of 4.83. Sandisk Corporation has a 1-year low of $33.05 and a 1-year high of $1,189.24. The company's 50-day moving average is $753.17 and its 200 day moving average is $471.92.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its 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. The business had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 48.85% and a net margin of 34.19%.The firm's quarterly revenue was up 251.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts forecast that Sandisk Corporation will post 47.45 EPS for the current year.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q3 results — revenue jumped ~251% to $5.95B and non‑GAAP EPS of $23.41 materially beat estimates; management issued very strong Q4 guidance (EPS $30–33; revenue $7.75B–$8.25B), underpinning the rally. SanDisk Earnings Crush Estimates With 251% Revenue Surge
• Positive Sentiment: Company announced a $6B share buyback and reported multiple long‑term contracts (reports cite large multi‑year agreements backed by firm commitments), which reduce cyclicality and improve revenue visibility. Sandisk has thumping quarter on AI boom, secures long-term contracts and unveils big buyback
• Positive Sentiment: Margins surged (GAAP and non‑GAAP gross margins expanded sharply) driven by datacenter NAND pricing and product mix toward higher‑value SSDs — a near‑term earnings multiplier amid AI infrastructure buildout. SNDK's Q3 Earnings Beat Estimates, Revenues Rise on Datacenter Surge
• Positive Sentiment: Analysts are revising models and raising targets after the print (examples: Cantor Fitzgerald, Wells Fargo), which supports further upside consensus. Wall Street revises Sandisk stock price target
• Neutral Sentiment: Company is shifting to a “new business model” with multi‑year contracts and guarantees that analysts say reduce cyclicality — important strategically but dependent on long‑term execution. Sandisk's new business model improves visibility, reduces cyclicality: analysts
• Neutral Sentiment: Options and technical positioning had priced in a huge move heading into earnings (high volatility expected); some post‑print moves reflect that positioning more than a change to fundamentals. SanDisk Q3 Earnings Preview: Wall Street Braces for 21% Post-Report Swing
• Negative Sentiment: “Sell‑the‑news” / profit‑taking pressure and short‑term pullbacks followed the report in some sessions despite the beats — a common reaction after a parabolic run and heavy pre‑earnings positioning. Sandisk stock falls despite strong earnings report as investors 'sell the news'
• Negative Sentiment: Concerns remain about how sustainable extreme margin levels and NAND pricing gains will be once supply tightness eases — commentators and some analysts flagged margin durability as a key risk. The Watchlist Panel: AI Demand vs. Supply Crunch
• Negative Sentiment: One shop (RBC) raised its target but kept a conservative “sector perform” stance, implying limited near‑term upside from current levels — a reminder of divergent Street views. Benzinga report on RBC price target

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.

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