Sandisk Corporation $SNDK Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• State of New Jersey Common Pension Fund D trimmed its stake in Sandisk by 3.5% in Q4, selling 1,732 shares and leaving it with 47,961 shares valued at about $11.39 million.
• Sandisk delivered a blowout Q3 — revenue rose ~251% to $5.95B and non‑GAAP EPS was $23.41 — then issued strong Q4 guidance, announced a $6B buyback and multi‑year contracts, prompting several analysts to raise targets.
• Director Miyuki Suzuki sold 3,500 shares at an average $627.53 (a 26.1% cut to her holding); company insiders now own roughly 0.21% of the stock.

State of New Jersey Common Pension Fund D lessened its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 47,961 shares of the data storage provider's stock after selling 1,732 shares during the period. State of New Jersey Common Pension Fund D's holdings in Sandisk were worth $11,385,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SNDK. Osaic Holdings Inc. acquired a new stake in Sandisk in the 2nd quarter valued at approximately $317,000. Farther Finance Advisors LLC acquired a new stake in Sandisk in the 3rd quarter valued at approximately $108,000. Perigon Wealth Management LLC acquired a new stake in Sandisk in the 3rd quarter valued at approximately $338,000. Ethic Inc. acquired a new stake in Sandisk in the 3rd quarter valued at approximately $744,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Sandisk in the 3rd quarter valued at approximately $4,047,000.

More Sandisk News

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

Insiders Place Their Bets

In related news, Director Miyuki Suzuki sold 3,500 shares of the business's stock in a transaction on Wednesday, February 25th. The shares were 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 directly owned 9,907 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Sandisk Price Performance

Shares of SNDK opened at $1,187.00 on Friday. Sandisk Corporation has a 1-year low of $33.05 and a 1-year high of $1,189.24. The stock has a market cap of $175.20 billion, a PE ratio of -156.39 and a beta of 4.83. 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 fifty day moving average price of $753.17 and a 200 day moving average price of $469.58.

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 for the quarter, beating analysts' consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 48.85%. The firm had revenue of $5.95 billion during the quarter. During the same period last year, the firm earned ($0.30) earnings per share. Sandisk's revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts anticipate that Sandisk Corporation will post 47.45 EPS for the current year.

Analyst Ratings Changes

SNDK has been the subject of several research reports. Melius Research initiated coverage on shares of Sandisk in a research note on Monday, April 27th. They issued a "buy" rating for the company. Cantor Fitzgerald boosted their price target on shares of Sandisk from $1,400.00 to $1,800.00 and gave the stock an "overweight" rating in a research note on Friday. Benchmark boosted their price target on shares of Sandisk from $260.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, January 15th. Mizuho set a $1,220.00 price target on shares of Sandisk in a research note on Friday. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $1,200.00 price target on shares of Sandisk in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,011.05.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.