Sandisk Corporation $SNDK Shares Sold by Comerica Bank

Key Points

• Comerica Bank cut its stake in SanDisk by 65.2% in Q4, selling 31,576 shares and leaving it with 16,825 shares worth about $3.99 million per its SEC filing.
• SanDisk reported a blowout quarter—revenue jumped ~251% to $5.95B with EPS of $23.41—then issued very strong guidance (Q4 EPS $30–33) and unveiled a $6B buyback, prompting analyst upgrades and a sharp share rally.
• Other institutions were buying: WT Asset Management boosted its stake 426.8% to 210,700 shares (~$50.0M) and Pictet added 34,147 shares (a 176.3% increase to 53,518 shares, ~$12.7M), signaling divergent fund activity around the stock.

Comerica Bank lowered its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 65.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,825 shares of the data storage provider's stock after selling 31,576 shares during the period. Comerica Bank's holdings in Sandisk were worth $3,994,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Pictet Asset Management Holding SA boosted its position in Sandisk by 176.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 53,518 shares of the data storage provider's stock valued at $12,704,000 after buying an additional 34,147 shares during the last quarter. State of Michigan Retirement System purchased a new stake in Sandisk in the fourth quarter valued at approximately $8,641,000. Inscription Capital LLC purchased a new stake in Sandisk in the fourth quarter valued at approximately $405,000. Sanctuary Advisors LLC boosted its position in Sandisk by 30.1% in the fourth quarter. Sanctuary Advisors LLC now owns 4,289 shares of the data storage provider's stock valued at $1,018,000 after buying an additional 992 shares during the last quarter. Finally, WT Asset Management Ltd boosted its position in Sandisk by 426.8% in the fourth quarter. WT Asset Management Ltd now owns 210,700 shares of the data storage provider's stock valued at $50,016,000 after buying an additional 170,700 shares during the last quarter.

Insider Transactions at Sandisk

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 transaction, the director directly owned 9,907 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

SNDK has been the topic of a number of recent research reports. Melius Research initiated coverage on Sandisk in a research report on Monday, April 27th. They issued a "buy" rating on the stock. Citigroup upped their target price on Sandisk from $980.00 to $1,300.00 and gave the company a "buy" rating in a research report on Friday. Zacks Research upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 20th. Arete Research upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Finally, Bank of America upped their target price on Sandisk from $900.00 to $1,080.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Sandisk has an average rating of "Moderate Buy" and an average price target of $1,011.05.

Sandisk Trading Up 8.3%

Shares of NASDAQ:SNDK opened at $1,187.00 on Friday. Sandisk Corporation has a 12-month low of $33.05 and a 12-month high of $1,189.24. The company has a market capitalization of $175.20 billion, a PE ratio of 41.26 and a beta of 4.83. The business has a 50 day moving average of $753.17 and a two-hundred day moving average of $471.92. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK - Get Free Report) 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 analysts' consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 48.85% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same period in the previous year, the firm posted ($0.30) earnings per share. The company's revenue 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, analysts forecast that Sandisk Corporation will post 47.45 EPS for the current year.

Key Headlines 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

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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