Sandisk Corporation $SNDK Holdings Cut by Virtus Wealth Solutions LLC

Key Points

• Virtus Wealth Solutions LLC cut its position in Sandisk by 97.8% in Q4, selling 99,526 shares and leaving 2,256 shares valued at about $536,000, according to the firm's latest 13F filing.
• Director Miyuki Suzuki sold 3,500 shares on Feb. 25 at an average of $627.53 for roughly $2.20 million, reducing her stake by 26.11% to 9,907 shares; insiders now own about 0.21% of the company.
• Sandisk has surged to new all‑time highs on AI/datacenter demand and retail momentum, with several analysts raising price targets (some to $1,000) and a consensus "Moderate Buy" target of $752.48, but elevated short interest (~6.6%) and a high beta signal significant volatility and valuation risk.

Virtus Wealth Solutions LLC lessened its holdings in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 97.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,256 shares of the data storage provider's stock after selling 99,526 shares during the period. Virtus Wealth Solutions LLC's holdings in Sandisk were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Whittier Trust Co. bought a new stake in Sandisk during the fourth quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sandisk during the third quarter worth approximately $27,000. CVA Family Office LLC bought a new stake in Sandisk during the third quarter worth approximately $28,000. Parallel Advisors LLC bought a new stake in Sandisk during the third quarter worth approximately $30,000. Finally, Westfuller Advisors LLC raised its holdings in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock worth $30,000 after purchasing an additional 43 shares in the last quarter.

Insider Activity

In other news, Director Miyuki Suzuki sold 3,500 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company's stock.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI/datacenter demand and end-market diversification are driving optimism for durable revenue and earnings beats; several analyst notes and Zacks pieces point to a likely Q1 beat and strong secular tailwinds. SNDK's Rides on End-Market Diversification
• Positive Sentiment: Heavy media attention and endorsements (Jim Cramer naming SanDisk among "stocks that got away") are amplifying retail demand and momentum flows. Cramer Names 'The Stocks That Got Away'
• Positive Sentiment: Price action: shares recently surged to new all-time highs on risk-on momentum in tech and semiconductors, reinforcing momentum-driven buying. Why SanDisk Stock Is Breaking Out
• Neutral Sentiment: Analysts are split on valuation — coverage ranges from strong buy cases (AI/NAND growth) to cautions on froth; that creates both conviction trades and profit-taking. Analysts Split on Buy or Sell
• Negative Sentiment: Short interest rose meaningfully in April to ~9.75M shares (~6.6% of shares), increasing potential for squeeze-driven volatility and downside pressure if sentiment reverses. (Short-interest data reported 4/15/2026.)
• Negative Sentiment: Recent pullbacks: the stock has shown intra-week retreats from highs amid risk-off moves (geopolitical oil/Hormuz tensions) and profit-taking, highlighting high sensitivity to macro headlines. Why SanDisk stock is retreating
• Negative Sentiment: High volatility and valuation risk: the stock has a very high beta and wide YTD run-up (hundreds of percent), so multiple compression or any softening in AI demand could trigger sharp declines.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Mizuho lifted their price target on shares of Sandisk from $710.00 to $1,000.00 and gave the stock an "outperform" rating in a research report on Friday, April 10th. The Goldman Sachs Group lifted their price target on shares of Sandisk from $320.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. Arete Research upgraded shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Royal Bank Of Canada restated a "sector perform" rating and issued a $650.00 price target on shares of Sandisk in a research report on Friday, January 30th. Finally, UBS Group set a $1,000.00 price objective on shares of Sandisk in a research report on Monday, February 2nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Sandisk currently has an average rating of "Moderate Buy" and a consensus target price of $752.48.

Sandisk Stock Performance

NASDAQ SNDK opened at $989.90 on Friday. The stock has a market cap of $146.11 billion, a P/E ratio of -130.42 and a beta of 5.04. The company's 50-day simple moving average is $717.27 and its 200 day simple moving average is $443.65. Sandisk Corporation has a twelve month low of $31.01 and a twelve month high of $1,002.09. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating analysts' consensus estimates of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $2.67 billion. The company's revenue was up 61.2% on a year-over-year basis. As a group, research analysts forecast that Sandisk Corporation will post 39.01 earnings per share for the current fiscal year.

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.

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