Sandisk Corporation $SNDK Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 8.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 876,910 shares of the data storage provider’s stock after selling 81,552 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Sandisk were worth $556,612,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Sandisk by 233.3% in the 1st quarter. Parallel Advisors LLC now owns 1,430 shares of the data storage provider’s stock valued at $909,000 after purchasing an additional 1,001 shares during the period. SEB Asset Management AB purchased a new stake in Sandisk in the first quarter valued at approximately $16,016,000. Valley Wealth Managers Inc. purchased a new stake in Sandisk in the first quarter valued at approximately $25,000. Spartan Wealth Advisory Services LLC acquired a new stake in shares of Sandisk in the first quarter valued at approximately $35,636,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Sandisk by 104.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 141 shares of the data storage provider’s stock valued at $90,000 after acquiring an additional 72 shares during the period.

Insider Activity

In other news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction dated 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 sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $65,803,320. This trade represents a 1.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 6,225 shares of company stock valued at $10,166,297. Corporate insiders own 0.21% of the company’s stock.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory and semiconductor stocks are rebounding sharply in Monday trading, lifting Sandisk along with peers as investors regain confidence after the recent selloff. Micron Jumps 5%, SanDisk Rises 6%, Western Digital Climbs 4% as Memory Stocks Rebound With Chips
• Positive Sentiment: Investors are viewing the memory-stock pullback as a strong entry point, which is encouraging dip-buying in SanDisk and other chip names. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In.
• Positive Sentiment: Morgan Stanley reportedly flagged several semiconductor and AI infrastructure stocks as attractive after the memory-equity selloff, supporting a broader rebound in the group. Banking giant names 7 stocks to buy after memory equities sell-off
• Positive Sentiment: Recent commentary remains constructive on Sandisk’s earnings power, citing strong revenue growth, higher margins, and its position in AI storage demand. Sandisk: The Math Supporting A Rare Opportunity
• Positive Sentiment: Additional bullish coverage says Sandisk remains attractive despite its big 2026 run, pointing to ongoing memory-chip shortage conditions. Sandisk: Even After a 580% Rise in 2026, It’s Still a Screaming Buy (NASDAQ: SNDK)

Wall Street Analysts Forecast Growth

SNDK has been the topic of a number of recent research reports. Zacks Research cut shares of Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Morgan Stanley upped their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Wedbush increased their price target on shares of Sandisk from $1,200.00 to $2,000.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Raymond James Financial reissued an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Finally, Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,803.29.

Sandisk Trading Up 2.7%

Shares of SNDK stock opened at $1,390.95 on Tuesday. The company has a market capitalization of $205.99 billion, a P/E ratio of 48.35 and a beta of 4.74. The business’s 50 day moving average is $1,743.12 and its two-hundred day moving average is $1,056.26. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results 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. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion during the quarter. During the same quarter last year, the company earned ($0.30) EPS. Sandisk’s revenue for the quarter was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts predict that Sandisk Corporation will post 64.52 earnings per share for the current fiscal year.

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.