Sandisk Corporation $SNDK Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its stake in Sandisk Corporation (NASDAQ:SNDK) by 22.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,749 shares of the data storage provider’s stock after selling 6,752 shares during the quarter. Natixis Advisors LLC’s holdings in Sandisk were worth $5,401,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Mawer Investment Management Ltd. acquired a new position in shares of Sandisk in the 4th quarter worth $10,186,000. New Mexico Educational Retirement Board acquired a new stake in shares of Sandisk in the fourth quarter worth $1,519,000. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Sandisk in the fourth quarter worth $2,208,000. Founders Financial Securities LLC acquired a new stake in shares of Sandisk in the fourth quarter worth $285,000. Finally, Thames Capital Management LLC acquired a new stake in shares of Sandisk in the fourth quarter worth $5,373,000.

Insider Buying and Selling

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction dated 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 directly owned 22,375 shares in the company, valued at $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the transaction, the insider owned 32,232 shares in the company, valued at approximately $55,954,752. This trade represents a 1.83% 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. Insiders have sold 5,625 shares of company stock valued at $8,913,497 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,100, pointing to strong NAND demand, tight supply, and improved earnings visibility from new long-term supply deals. SanDisk wins big BofA target upgrade as new supply deals shore up earnings visibility
• Positive Sentiment: Mizuho and other analysts also boosted their targets, reinforcing the view that Sandisk can keep beating expectations as AI/datacenter memory demand stays strong. Sandisk Stock Jumps—Again. Don’t Worry About New Memory Supply, Say Analysts.
• Positive Sentiment: Sandisk’s shift to multi-year NAND supply agreements is being viewed as a profitability boost, with more revenue now locked in under firm commitments. SNDK’s New Business Model Boosts Profitability: Time to Buy the Stock?
• Neutral Sentiment: Some commentary framed the move as part of a broader memory-stock rebound after Friday’s selloff, suggesting sector sentiment is also helping SNDK. Micron Rockets 8%, Western Digital Surges 7%, SanDisk Pops 6% in Memory-Stock Snap-Back
• Neutral Sentiment: One bearish takeaway argued that a potential SK Hynix listing could pressure Sandisk’s valuation premium, but this appears secondary to today’s bullish analyst actions. SK Hynix’s Potential Listing Will Crumble Sandisk’s Premium

Sandisk Price Performance

Shares of SNDK stock opened at $1,642.00 on Tuesday. Sandisk Corporation has a fifty-two week low of $39.44 and a fifty-two week high of $1,861.00. The stock’s 50-day moving average is $1,195.40 and its two-hundred day moving average is $708.69. The firm has a market cap of $243.16 billion, a P/E ratio of 57.07 and a beta of 4.88.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share 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 company had revenue of $5.95 billion for the quarter. During the same period in the previous year, the company earned ($0.30) earnings per share. The business’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts expect that Sandisk Corporation will post 63.58 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on SNDK. UBS Group set a $1,700.00 target price on Sandisk in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,400.00 target price on shares of Sandisk in a research report on Friday, May 1st. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Evercore reaffirmed an “outperform” rating and issued a $1,400.00 target price on shares of Sandisk in a research report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,580.67.

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.