Teacher Retirement System of Texas Sells 210,897 Shares of Sandisk Corporation $SNDK

Key Points

• Teacher Retirement System of Texas cut its Sandisk stake by 72.2%, selling 210,897 shares and retaining 81,167 shares (about 0.06% of the company) valued at roughly $19.27 million at quarter-end.
• Sandisk has strong momentum after a Q1 beat (EPS $6.20 vs. $3.31; revenue $3.03B) and multiple analyst upgrades and higher targets (Evercore $1,200; Citigroup $980), though the stock is highly volatile (beta 5.04) with elevated short interest (~6.6%).

Teacher Retirement System of Texas lowered its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 72.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,167 shares of the data storage provider's stock after selling 210,897 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Sandisk worth $19,267,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC bought a new stake in Sandisk during the 3rd quarter worth about $1,136,000. New York State Teachers Retirement System bought a new stake in Sandisk during the 3rd quarter worth about $13,546,000. Sage Rhino Capital LLC bought a new stake in Sandisk during the 3rd quarter worth about $587,000. Y Intercept Hong Kong Ltd bought a new stake in Sandisk during the 3rd quarter worth about $7,046,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in Sandisk during the 3rd quarter worth about $514,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SNDK. Citigroup increased their price objective on shares of Sandisk from $875.00 to $980.00 and gave the stock a "buy" rating in a report on Monday, April 13th. Weiss Ratings reissued a "sell (d+)" rating on shares of Sandisk in a report on Monday, December 29th. Benchmark upped their target price on shares of Sandisk from $260.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, January 15th. Evercore started coverage on shares of Sandisk in a research report on Monday, April 13th. They set an "outperform" rating and a $1,200.00 target price on the stock. Finally, Arete Research upgraded shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $752.48.

Insider Buying and Selling

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the firm'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 sale, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company's stock.

Sandisk News Summary

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.

Sandisk Stock Up 6.2%

Sandisk stock opened at $989.90 on Friday. 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 fifty-two week low of $31.01 and a fifty-two week high of $1,002.09. The firm has a market capitalization of $146.11 billion, a price-to-earnings ratio of -130.42 and a beta of 5.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92.

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 for the quarter, topping the consensus estimate of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The business's revenue was up 61.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sandisk Corporation will post 39.01 EPS for the current 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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