Royal Bank of Canada Sells 29,849 Shares of Sandisk Corporation $SNDK

Royal Bank of Canada reduced its position in Sandisk Corporation (NASDAQ:SNDK) by 15.7% during the first quarter, HoldingsChannel.com reports. The firm owned 159,896 shares of the data storage provider’s stock after selling 29,849 shares during the period. Royal Bank of Canada’s holdings in Sandisk were worth $101,587,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. bought a new position in shares of Sandisk during the first quarter valued at approximately $25,000. Whittier Trust Co. purchased a new stake in shares of Sandisk in the fourth quarter worth approximately $26,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk during the 4th quarter worth approximately $26,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk during the 4th quarter worth approximately $27,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Sandisk during the 1st quarter worth approximately $29,000.

Sandisk Stock Performance

Shares of NASDAQ SNDK opened at $1,214.83 on Friday. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39. The firm has a market capitalization of $179.90 billion, a price-to-earnings ratio of 42.23 and a beta of 4.74. The stock has a 50 day moving average price of $1,729.14 and a 200 day moving average price of $1,116.58.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. The company 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 revenue for the quarter was up 251.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.30) earnings per share. Analysts forecast that Sandisk Corporation will post 64.52 earnings per share for the current year.

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the transaction, the insider owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. This represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,225 shares of company stock valued at $10,166,297 over the last 90 days. 0.21% of the stock is owned by corporate insiders.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure spending remains a major potential growth driver. Analysts point to more than $750 billion in expected 2026 Big Tech capital expenditures, which could support demand for Sandisk’s enterprise storage and memory products. Buy 5 AI Infrastructure Stocks as Big Tech’s Assure Lasting AI Frenzy
• Positive Sentiment: Microsoft’s roughly $190 billion capital-spending commitment and strong AI-related results helped revive optimism about data-center demand. Samsung also reported a sharp increase in chip profit and expects memory shortages to persist into 2028, supporting the broader industry outlook. Why Memory Stocks Are Roaring Back
• Positive Sentiment: Several bullish analyses argue that AI inference and enterprise storage may structurally improve NAND demand. Sandisk has reportedly exceeded earnings and revenue expectations for five consecutive quarters, while analysts have continued raising estimates. Sandisk’s Biggest Opportunity Yet
• Neutral Sentiment: Options traders expect a significant move around the August 5 earnings release. The event could bring a sharp rebound if results and guidance confirm AI demand, but it also creates elevated downside risk if expectations are missed. SanDisk Q4 Earnings Options Outlook
• Negative Sentiment: Investors remain concerned that Chinese competition could intensify another NAND downturn. Some analysts also warn that the AI boom may moderate before 2029, making Sandisk’s elevated valuation and ambitious price targets vulnerable. Sandisk Stock Slides as Chinese Competition Rattles NAND Outlook
• Negative Sentiment: The rapid reversal in memory stocks and recent forced selling have weakened sentiment, with Sandisk’s technical indicators reaching deeply oversold levels. That may attract bargain hunters, but it also highlights how sharply expectations and momentum have deteriorated. Is the Sandisk Stock Crash Over?

Analysts Set New Price Targets

SNDK has been the topic of several research analyst reports. Sanford C. Bernstein upped their price objective on Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Wedbush lifted their target price on Sandisk from $1,200.00 to $2,000.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Morgan Stanley upped their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Finally, Mizuho raised their price target on shares of Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,811.38.

Sandisk 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.