Sandisk Corporation $SNDK Stock Position Cut by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems cut its SanDisk stake by 28% in the fourth quarter, selling 10,100 shares and leaving it with 25,970 shares worth about $6.17 million.
• SanDisk reported strong quarterly results, with EPS of $23.41 beating estimates and revenue surging 251% year over year to $5.95 billion. The company also guided Q4 2026 EPS to 30.0-33.0.
• Despite a slight daily decline, the stock remains heavily supported by analysts and institutional interest, with a Moderate Buy consensus and a target price of about $1,065.81, while recent headlines cite AI-driven demand as a major tailwind.

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 28.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,970 shares of the data storage provider's stock after selling 10,100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Sandisk were worth $6,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SNDK. Vanguard Group Inc. bought a new position in Sandisk in the 3rd quarter valued at about $1,970,388,000. State Street Corp bought a new position in Sandisk in the 3rd quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in Sandisk in the 3rd quarter valued at about $297,293,000. Bank of America Corp DE bought a new position in Sandisk in the 3rd quarter valued at about $190,425,000. Finally, AQR Capital Management LLC bought a new position in Sandisk in the 3rd quarter valued at about $163,057,000.

Sandisk Trading Down 0.3%

NASDAQ:SNDK opened at $1,447.23 on Thursday. Sandisk Corporation has a twelve month low of $35.79 and a twelve month high of $1,600.00. The company has a 50-day moving average of $866.60 and a 200-day moving average of $538.61. The firm has a market cap of $214.32 billion, a price-to-earnings ratio of 50.30 and a beta of 4.82.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same quarter last year, the business posted ($0.30) EPS. The business's revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts forecast that Sandisk Corporation will post 63.93 earnings per share for the current year.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the company's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares of the company's stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Miyuki Suzuki sold 3,500 shares of the company's stock in a transaction dated 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 sale, the director directly owned 9,907 shares of the company's stock, valued at $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SNDK has been the subject of a number of recent analyst reports. The Goldman Sachs Group reiterated a "buy" rating and issued a $1,200.00 target price on shares of Sandisk in a research report on Friday, May 1st. Arete Research upgraded shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Mizuho set a $1,220.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Sandisk from a "sell (d+)" rating to a "hold (c+)" rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley restated an "overweight" rating and set a $1,100.00 price objective on shares of Sandisk in a research report on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,065.81.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk continues to benefit from intense AI infrastructure demand, especially for memory chips used in data centers, which has helped drive the stock to record levels and prompted bullish commentary on further upside. Why Micron, Sandisk Stock Are Climbing Despite Fears of an Even Bigger Memory-Chip Shortage
• Positive Sentiment: New leveraged ETFs and memory-focused funds are being launched to capture the AI-memory trade, signaling strong investor appetite for SanDisk and peer semiconductor names. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
• Positive Sentiment: Several bullish articles highlighted SanDisk’s extraordinary year-to-date gains and suggested the stock could still have room to run, keeping momentum traders engaged. Trading expert sets date when Sandisk stock will hit $2,000
• Neutral Sentiment: Some market commentary focused on SanDisk’s valuation and technical overbought signals, suggesting the stock may be due for consolidation after its explosive advance. What's Going On With SanDisk Stock Tuesday?
• Neutral Sentiment: Analysts and market pieces debated whether investors should buy, hold, or sell at current elevated levels, reflecting uncertainty rather than a clear new fundamental catalyst. SNDK Stock Alert: SanDisk Falls Amid Broader Chip Pullback
• Negative Sentiment: SanDisk and other memory-chip stocks sold off as investors took profits amid a broader semiconductor pullback, which appears to be the main reason shares have recently weakened. SanDisk, Micron Stocks Plummet As Korea Shockwave Batters The Great Memory Boom

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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