Thrivent Financial for Lutherans Sells 90,029 Shares of Sandisk Corporation $SNDK

Thrivent Financial for Lutherans lessened its stake in Sandisk Corporation (NASDAQ:SNDK) by 90.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,554 shares of the data storage provider’s stock after selling 90,029 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sandisk were worth $2,268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Composition Wealth LLC increased its holdings in Sandisk by 0.4% during the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after buying an additional 41 shares during the last quarter. Westfuller Advisors LLC lifted its stake in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after acquiring an additional 43 shares during the last quarter. Everhart Financial Group Inc. lifted its stake in Sandisk by 3.4% in the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock valued at $489,000 after acquiring an additional 67 shares during the last quarter. Assetmark Inc. lifted its stake in Sandisk by 71.6% in the fourth quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock valued at $42,000 after acquiring an additional 73 shares during the last quarter. Finally, Savvy Advisors Inc. lifted its stake in Sandisk by 1.3% in the fourth quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock valued at $1,645,000 after acquiring an additional 87 shares during the last quarter.

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,478.69 on Tuesday. Sandisk Corporation has a 52-week low of $35.79 and a 52-week high of $1,600.00. The company has a market capitalization of $218.98 billion, a P/E ratio of 51.40 and a beta of 4.82. The company has a 50-day simple moving average of $999.79 and a 200 day simple moving average of $608.04.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. The business had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current year.

Analysts Set New Price Targets

SNDK has been the subject of a number of recent analyst reports. Barclays increased their price target on shares of Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. KGI Securities began 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. Royal Bank Of Canada raised their target price on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Sanford C. Bernstein raised their target price on shares of Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Citigroup raised their target price on shares of Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,157.14.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 579 shares of the firm’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 transaction of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the sale, the director owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,525 shares of company stock worth $6,555,092 over the last three months. Insiders own 0.21% of the company’s stock.

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.