LSV Asset Management Sells 62,230 Shares of Sandisk Corporation $SNDK

LSV Asset Management lowered its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,385 shares of the data storage provider’s stock after selling 62,230 shares during the quarter. LSV Asset Management’s holdings in Sandisk were worth $63,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SNDK. Osaic Holdings Inc. bought a new stake in Sandisk during the second quarter valued at about $317,000. Merit Financial Group LLC bought a new stake in Sandisk during the third quarter valued at about $408,000. Sequoia Financial Advisors LLC purchased a new stake in Sandisk in the third quarter valued at about $360,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Sandisk in the third quarter valued at about $3,652,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Sandisk in the third quarter valued at about $1,816,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Hedge fund billionaire David Tepper reportedly bought 281,250 shares of Sandisk, adding to bullish investor sentiment and reinforcing the idea that large investors still see upside after the stock’s huge run. Article Title
• Positive Sentiment: Several recent pieces argue that Sandisk is benefiting from AI-driven NAND demand, enterprise SSD growth, and an improved long-term earnings outlook, with some analysts calling the stock undervalued despite the sharp rally. Article Title
• Positive Sentiment: SanDisk also got a boost from sector momentum as memory stocks rebounded, with traders pointing to AI-related demand and tighter supply conditions among rivals as reasons for the renewed interest. Article Title
• Neutral Sentiment: Some market commentary now frames Sandisk as a “hold” after its explosive year-to-date surge, suggesting the business outlook is strong but the valuation has become much less attractive for new buyers. Article Title
• Negative Sentiment: Jim Cramer’s cautious comments that investors should “let it come down more” may temper enthusiasm, especially after the stock’s massive rally and elevated valuation. Article Title

Wall Street Analyst Weigh In

SNDK has been the subject of a number of research analyst reports. UBS Group set a $1,700.00 price target on Sandisk in a research note on Monday, May 4th. Wells Fargo & Company increased their price target on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Cantor Fitzgerald increased their price target on Sandisk from $1,400.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Melius Research set a $2,350.00 price target on Sandisk in a research note on Monday, May 18th. Finally, Sanford C. Bernstein increased their price target on Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,157.14.

Sandisk Price Performance

Sandisk stock opened at $1,478.69 on Friday. The stock has a market capitalization of $218.98 billion, a PE ratio of 51.40 and a beta of 4.82. Sandisk Corporation has a 12 month low of $35.79 and a 12 month high of $1,600.00. The business has a 50 day simple moving average of $982.59 and a 200-day simple moving average of $596.26.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data 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 business had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts anticipate that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

Insider Transactions at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the sale, the director directly owned 9,907 shares of the company’s stock, valued at $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction on Friday, May 8th. The stock was 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 $4,359,019. This trade represents a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,525 shares of company stock valued at $6,555,092 over the last ninety days. Insiders own 0.21% of the company’s stock.

About Sandisk

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.