Savant Capital LLC Trims Holdings in Sandisk Corporation $SNDK

Savant Capital LLC trimmed its position in Sandisk Corporation (NASDAQ:SNDK) by 80.4% in the 4th quarter, HoldingsChannel reports. The fund owned 2,544 shares of the data storage provider’s stock after selling 10,425 shares during the quarter. Savant Capital LLC’s holdings in Sandisk were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNDK. Vanguard Group Inc. bought a new position in shares of Sandisk in the third quarter worth about $1,970,388,000. State Street Corp bought a new position in shares of Sandisk in the third quarter worth about $491,053,000. Geode Capital Management LLC boosted its stake in shares of Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after acquiring an additional 1,133,276 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk in the third quarter worth about $297,293,000. Finally, Bank of America Corp DE bought a new position in shares of Sandisk in the third quarter worth about $190,425,000.

Insider Activity

In other news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 5,025 shares of company stock valued at $7,871,897. 0.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SNDK. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. UBS Group set a $1,700.00 target price on Sandisk in a research report on Monday, May 4th. Royal Bank Of Canada boosted their target price on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Mizuho boosted their target price on Sandisk from $1,625.00 to $1,825.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Wells Fargo & Company boosted their target price on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $1,398.27.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts at Morgan Stanley said the memory-stock rally may not be over, citing strong AI demand and rising memory prices as reasons Sandisk could see further upside. Morgan Stanley says there is no quick fix to memory shortage
• Positive Sentiment: Several articles highlighted Sandisk as a favorite in the AI-memory trade, with commentators arguing the company is still benefiting from a powerful supply-demand mismatch and strong trader interest. Traders are flocking to Sandisk
• Positive Sentiment: A new article said Sandisk stock is soaring to another all-time high, reinforcing the momentum-driven bullish sentiment around the shares. Why SanDisk Stock Is Soaring to a New All-Time High Today
• Positive Sentiment: Zacks said industry momentum in cloud, IoT, auto, and AI should support storage-device names like Sandisk, adding another constructive fundamental backdrop. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Neutral Sentiment: Sandisk EVP Alper Ilkbahar sold 2,000 shares for about $3.5 million. The sale is worth noting, but it appears relatively modest versus his remaining stake and may not signal a major change in outlook. SEC filing
• Negative Sentiment: One report flagged Sandisk’s stock and short interest at record highs, suggesting the rally is crowded and could become more volatile if sentiment cools. SanDisk’s stock and short interest both at record highs – do the bears know something?

Sandisk Price Performance

Shares of SNDK stock opened at $1,831.50 on Thursday. Sandisk Corporation has a 1 year low of $37.33 and a 1 year high of $1,861.00. The stock’s 50 day simple moving average is $1,135.85 and its two-hundred day simple moving average is $679.14. The company has a market cap of $271.23 billion, a PE ratio of 63.66 and a beta of 4.87.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts expect that Sandisk Corporation will post 63.58 EPS for the current year.

Sandisk Company Profile

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.