New York State Teachers Retirement System Sells 14,331 Shares of Sandisk Corporation $SNDK

Key Points

• New York State Teachers Retirement System sold 14,331 shares of SanDisk, trimming its stake by 11.9% to 106,399 shares (about 0.07% of the company) valued at roughly $25.26 million.
• SanDisk reported a blowout quarter — revenue surged 251% to $5.95B and EPS beat estimates at $23.41 — and issued very strong Q4 guidance (EPS $30–33; revenue $7.75B–$8.25B), announced a $6B buyback and secured multi‑year contracts, prompting analyst upgrades and a rally in the stock.
• An insider (Director Miyuki Suzuki) sold 3,500 shares, and SanDisk trades at a market cap of about $175.2B with a P/E of 41.26 after the rally (stock opened at $1,187.00, near its one‑year high).

New York State Teachers Retirement System lowered its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 106,399 shares of the data storage provider's stock after selling 14,331 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Sandisk worth $25,257,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. bought a new stake in shares of Sandisk during the 4th quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk during the 3rd quarter valued at about $27,000. CVA Family Office LLC bought a new stake in shares of Sandisk during the 3rd quarter valued at about $28,000. Westfuller Advisors LLC boosted its position in shares of Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock valued at $30,000 after acquiring an additional 43 shares during the last quarter. Finally, Parallel Advisors LLC bought a new stake in shares of Sandisk during the 3rd quarter valued at about $30,000.

Sandisk Stock Up 8.3%

Shares of SNDK 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. Sandisk Corporation has a 1 year low of $33.05 and a 1 year high of $1,189.24. The stock has a 50 day simple moving average of $753.17 and a two-hundred day simple moving average of $471.92. The firm has a market cap of $175.20 billion, a P/E ratio of 41.26 and a beta of 4.83.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 48.85% and a net margin of 34.19%.The firm had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the firm posted ($0.30) EPS. The business'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. On average, analysts forecast that Sandisk Corporation will post 47.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company's stock.

Sandisk News Roundup

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SNDK. Wedbush lifted their price target on Sandisk from $740.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday. Barclays upped their target price on Sandisk from $750.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Friday. Cantor Fitzgerald upped their target price on Sandisk from $1,400.00 to $1,800.00 and gave the stock an "overweight" rating in a research note on Friday. Zacks Research raised Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 20th. Finally, Sanford C. Bernstein set a $1,250.00 target price on Sandisk and gave the stock an "outperform" rating in a research note on Thursday, April 9th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,011.05.

Sandisk Company 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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