Pacer Advisors Inc. Invests $2.62 Million in Sandisk Corporation $SNDK

Key Points

• Pacer Advisors Inc. disclosed a new fourth-quarter position in Sandisk, buying 11,055 shares valued at about $2.62 million. The filing highlights continued institutional interest in the data storage company.
• Several other major investors also increased their stakes, including State Street, Geode Capital, Arrowstreet Capital, and Morgan Stanley, while Norges Bank opened a new position. This suggests broad hedge fund and asset manager support for Sandisk.
• Analyst sentiment remains bullish despite recent volatility: multiple firms raised targets or reiterated buy ratings, and Sandisk recently reported EPS of $23.41, far above estimates. However, the stock was also described as down 13.6% amid broader memory-chip and AI-bubble concerns.

Pacer Advisors Inc. purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,055 shares of the data storage provider's stock, valued at approximately $2,624,000.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its position in Sandisk by 20.7% in the 4th quarter. State Street Corp now owns 5,281,522 shares of the data storage provider's stock worth $1,253,728,000 after purchasing an additional 904,933 shares during the period. Geode Capital Management LLC boosted its position in shares of Sandisk by 44.9% during the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider's stock valued at $866,310,000 after buying an additional 1,133,276 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Sandisk by 31.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider's stock valued at $825,608,000 after buying an additional 828,332 shares during the period. Morgan Stanley grew its stake in shares of Sandisk by 7.2% during the fourth quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider's stock valued at $705,105,000 after buying an additional 199,545 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Sandisk in the fourth quarter worth approximately $518,889,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SNDK shares. Raymond James Financial reissued an "outperform" rating and set a $1,470.00 price target on shares of Sandisk in a research note on Friday, May 1st. Jefferies Financial Group reiterated a "buy" rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Barclays upgraded Sandisk from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Arete Research raised shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. Finally, Citigroup upped their price target on shares of Sandisk from $1,300.00 to $2,025.00 and gave the stock a "buy" rating in a report on Tuesday, May 19th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,580.67.

Insider Buying and Selling at Sandisk

In related news, insider Bernard Shek sold 600 shares of the company's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the completion of the sale, the insider directly owned 32,232 shares of the company's stock, valued at $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,625 shares of company stock valued at $8,913,497 in the last ninety days. 0.21% of the stock is owned by insiders.

Sandisk Stock Down 13.6%

Shares of NASDAQ SNDK opened at $1,963.60 on Wednesday. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The firm has a market cap of $290.79 billion, a PE ratio of 68.25 and a beta of 4.88. The business has a fifty day simple moving average of $1,474.95 and a two-hundred day simple moving average of $845.76.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $14.17 by $9.24. The business 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%.Sandisk's quarterly revenue was up 251.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts expect that Sandisk Corporation will post 64.01 earnings per share for the current year.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk continues to benefit from the long-term AI storage story, with several articles highlighting that AI is “fundamentally” changing the NAND market and supporting stronger data-center memory demand. Article Title
• Positive Sentiment: Recent coverage also points to continued optimism around SanDisk’s AI-driven pure-play NAND positioning, which has helped fuel a major rerating in the stock. Article Title
• Neutral Sentiment: One analyst commentary argues the current selling is mainly profit-taking after a parabolic run in AI memory stocks, suggesting investors are rotating rather than abandoning the sector. Article Title
• Neutral Sentiment: Another report says the broader memory-stock rally stalled as tech selling spread to new markets and industries, pressuring the group as a whole. Article Title
• Negative Sentiment: SanDisk is being sold along with Micron and Western Digital amid fears of an AI bubble, high AI spending, and rate-hike risks, which are weighing on sentiment for memory-chip stocks. Article Title
• Negative Sentiment: A separate report says Tuesday’s sharp drop was amplified by a Korean market crash that hit memory-chip names across the sector. Article Title

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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