Sandisk Corporation $SNDK Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. trimmed its stake in Sandisk by 3.3% in Q4 (sold 584,907 shares) and still owns 11.58% of the company, valued at about $4.03 billion.
• SanDisk reported a strong quarter with EPS $6.20 (vs. $3.31 est.) and revenue of $3.03 billion (up 61.2% YoY); the stock jumped ~8.1% and has seen multiple analyst price‑target increases amid a consensus "Moderate Buy" (average target ~$791).
• Institutional flows are mixed — big additions (e.g., WT Asset Management +426.8%) and new positions from others — while insider Miyuki Suzuki sold 3,500 shares, underscoring both buyer interest and caution around momentum-driven risk.

Vanguard Group Inc. decreased its holdings in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,976,485 shares of the data storage provider's stock after selling 584,907 shares during the quarter. Vanguard Group Inc. owned 11.58% of Sandisk worth $4,029,878,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SNDK. WT Asset Management Ltd grew its position in Sandisk by 426.8% during the 4th quarter. WT Asset Management Ltd now owns 210,700 shares of the data storage provider's stock worth $50,016,000 after purchasing an additional 170,700 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Sandisk during the 4th quarter worth approximately $878,000. Rakuten Securities Inc. grew its position in Sandisk by 399.7% during the 4th quarter. Rakuten Securities Inc. now owns 9,745 shares of the data storage provider's stock worth $2,313,000 after purchasing an additional 7,795 shares in the last quarter. waypoint wealth counsel purchased a new position in Sandisk during the 4th quarter worth approximately $387,000. Finally, HB Wealth Management LLC grew its position in Sandisk by 17.9% during the 4th quarter. HB Wealth Management LLC now owns 3,660 shares of the data storage provider's stock worth $869,000 after purchasing an additional 556 shares in the last quarter.

Sandisk Trading Up 8.1%

Sandisk stock opened at $1,070.20 on Tuesday. The company's fifty day simple moving average is $726.15 and its 200-day simple moving average is $454.74. 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 Corporation has a 12 month low of $31.01 and a 12 month high of $1,070.66. The stock has a market cap of $157.96 billion, a P/E ratio of -141.00 and a beta of 5.04.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.67 billion. The business's revenue was up 61.2% on a year-over-year basis. As a group, sell-side analysts forecast that Sandisk Corporation will post 39.01 EPS for the current fiscal year.

Insider Activity

In related news, Director Miyuki Suzuki sold 3,500 shares of Sandisk 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 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 position. The transaction 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.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Melius Research initiated coverage of SanDisk with a Buy rating, citing durable AI-driven memory demand that supports upside for NAND suppliers. Melius Initiates Coverage
• Positive Sentiment: Morgan Stanley raised estimates and its target ahead of Q3, which analysts say helped lift sentiment and intraday buying into earnings. Morgan Stanley Raises Estimates
• Positive Sentiment: CNBC and other outlets note sector momentum after Melius and peers argued memory demand will remain strong through 2030 — this narrative is pushing SNDK and peers higher. CNBC: Memory Demand to Remain High
• Positive Sentiment: Wells Fargo and several sell‑side shops have boosted price targets recently (Wells Fargo explicitly said it “missed” SanDisk), reinforcing buy-side conviction. Wells Fargo Lifts PT
• Positive Sentiment: Pre‑earnings previews expect strong Q3 results (Zacks flags revenue guidance ~$4.4B–$4.8B and $12–$14 non‑GAAP EPS) as AI tightens NAND supply — this sets a high bar but supports the bullish thesis if met. Zacks Pre-Q3 Preview
• Neutral Sentiment: Broader market commentary: Investopedia and others note that “the music’s playing” for AI/tech stocks — favorable tape for growth names but dependent on macro and Fed moves. Investopedia: AI Stocks Momentum
• Neutral Sentiment: Coverage roundup and price‑target lifts across the memory/storage space (Seagate, Western Digital) are reinforcing sector rotation into storage names; that sector heat is indirectly supporting SNDK. Barron's: Analyst Coverage
• Negative Sentiment: Risk/caution pieces highlight that the rally is momentum‑driven and could be parabolic: some analysts and social‑media summaries warn of sharp pullbacks if earnings disappoint or sentiment shifts; QuiverQuant flags insider selling activity. QuiverQuant Caution
• Negative Sentiment: Seeking Alpha analysis argues the AI memory bottleneck is shifting and the market may not yet be fully priced for that change — implying upside if thesis holds, but also risk if the market re‑rates. Seeking Alpha: Bottleneck Shifting

Analyst Upgrades and Downgrades

SNDK has been the topic of several research analyst reports. Wedbush lifted their price objective on shares of Sandisk from $600.00 to $740.00 and gave the stock an "outperform" rating in a research report on Friday, January 30th. Wall Street Zen upgraded shares of Sandisk from a "buy" rating to a "strong-buy" rating in a research report on Saturday, January 31st. Melius Research initiated coverage on shares of Sandisk in a research report on Monday. They set a "buy" rating on the stock. Benchmark lifted their price objective on shares of Sandisk from $260.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, January 15th. Finally, Mizuho boosted their price target on shares of Sandisk from $710.00 to $1,000.00 and gave the company an "outperform" rating in a report on Friday, April 10th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $791.05.

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.

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