Teachers Retirement System of The State of Kentucky Has $2.85 Million Holdings in Sandisk Corporation $SNDK

Key Points

• Teachers Retirement System of Kentucky cut its Sandisk stake by 68.4% in Q4, selling 25,985 shares and retaining 12,021 shares worth about $2.85 million.
• Director Miyuki Suzuki sold 3,500 shares at an average of $627.53 (≈$2.20 million) on Feb. 25, reducing her position to 9,907 shares (a 26.11% decrease); insiders now own about 0.21% of the stock.
• Analysts are broadly bullish—the consensus rating is "Moderate Buy" with an average price target of $791.05 and several firms setting targets near $1,000+—and Sandisk recently beat estimates with Q EPS of $6.20 (vs. $3.31 expected) and revenue of $3.03 billion, up 61% year‑over‑year.

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 68.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,021 shares of the data storage provider's stock after selling 25,985 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Sandisk were worth $2,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whittier Trust Co. acquired a new stake in shares of Sandisk during the fourth quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Sandisk in the 3rd quarter valued at approximately $27,000. CVA Family Office LLC acquired a new position in shares of Sandisk in the 3rd quarter valued at approximately $28,000. Westfuller Advisors LLC increased its stake in Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock worth $30,000 after purchasing an additional 43 shares in the last quarter. Finally, Parallel Advisors LLC bought a new stake in Sandisk during the 3rd quarter worth approximately $30,000.

Insider Activity

In other news, Director Miyuki Suzuki sold 3,500 shares of the 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 sale, the director owned 9,907 shares of the company's stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Arete Research raised shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. UBS Group set a $1,000.00 price objective on shares of Sandisk in a research report on Monday, February 2nd. Sanford C. Bernstein set a $1,250.00 price objective on shares of Sandisk and gave the stock an "outperform" rating in a report on Thursday, April 9th. Melius Research initiated coverage on shares of Sandisk in a research report on Monday. They issued a "buy" rating on the stock. Finally, KGI Securities initiated coverage on shares of Sandisk in a research note on Wednesday, March 18th. They issued an "outperform" rating and a $992.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $791.05.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Melius Research initiated coverage with a buy and other firms have raised targets, signaling fresh institutional conviction in SNDK’s upside. Micron, Sandisk Stocks Will Climb 36% and 33% This Quickly, Say Analysts
• Positive Sentiment: Morgan Stanley raised estimates and its target ahead of Q3, boosting near-term demand expectations and lifting sentiment. Sandisk edges up ahead of Q3 earnings; Morgan Stanley increases estimates, target
• Positive Sentiment: Analysts and research notes (CNBC coverage) point to structurally stronger memory demand out to 2030, supporting a multi-year thesis for NAND suppliers including SanDisk. Micron and Sandisk pop as memory demand to remain high through 2030
• Positive Sentiment: Wells Fargo and other banks have moved price targets higher and said they “missed” the rebound, which amplifies buy-side momentum. Wells Fargo Says “We’ve Clearly Missed Sandisk Corporation (SNDK)”
• Positive Sentiment: Media and TV endorsements (Jim Cramer) and multiple analyst notes are highlighting that Sandisk could continue “blowing away” numbers, adding retail momentum. Jim Cramer Believes Sandisk and Western Digital “Can Keep Blowing Away the Numbers”
• Positive Sentiment: Pre-earnings previews (Zacks, TipRanks) show expectations for strong Q3 revenue/EPS driven by AI-related tightness—this reduces execution risk in the near term. Pre-Q3 Earnings: Is Sandisk Stock a Portfolio Must-Have?
• Neutral Sentiment: Macro pieces note the broader AI/tech rally is sustaining flows into memory names; that helps SNDK but also raises correlation risk with the sector. For Hot AI Stocks, 'The Music's Playing'—And Shares Are Rising. Can This Continue?
• Neutral Sentiment: Industry coverage says data-storage stocks broadly have had a strong year and earnings could accelerate the move—positive tailwind but not unique to SNDK. Data Storage Stocks Have Had a Great Year So Far. It Could Be About to Get Better.
• Negative Sentiment: Social/analytic threads warn of parabolic moves, insider sales and elevated retail euphoria—risk of sharp pullbacks if results or guidance disappoint. SanDisk Stock (SNDK) Opinions on AI Storage Boom and Earnings Preview
• Negative Sentiment: New ETFs and products make it easier to short or bet against SNDK (“sell the news” strategies), increasing downside liquidity risk around the earnings date. Sell the news? You can now bet against SanDisk stock twice over with this new ETF

Sandisk Price Performance

NASDAQ:SNDK opened at $1,070.20 on Tuesday. Sandisk Corporation has a 52-week low of $31.01 and a 52-week high of $1,070.66. The company has a market cap of $157.96 billion, a P/E ratio of -141.00 and a beta of 5.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The stock's 50-day simple moving average is $726.15 and its 200 day simple moving average is $454.74.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating the consensus estimate of $3.31 by $2.89. The firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The firm's revenue for the quarter was up 61.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Sandisk Corporation will post 39.01 EPS for the current fiscal 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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