New Mexico Educational Retirement Board Buys Shares of 6,400 Sandisk Corporation $SNDK

New Mexico Educational Retirement Board bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,400 shares of the data storage provider’s stock, valued at approximately $1,519,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. acquired a new stake in Sandisk during the 4th quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Sandisk during the 3rd quarter valued at approximately $27,000. Chung Wu Investment Group LLC acquired a new stake in Sandisk during the 4th quarter valued at approximately $27,000. Westfuller Advisors LLC increased its position in Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares during the period. Finally, Parallel Advisors LLC bought a new position in shares of Sandisk during the 3rd quarter worth approximately $30,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SNDK. Melius Research set a $2,350.00 price objective on shares of Sandisk in a research report on Monday, May 18th. Susquehanna raised their price objective on shares of Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. Evercore reaffirmed an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Finally, KGI Securities began coverage on shares of Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $1,368.73.

Insider Buying and Selling at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the transaction, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the transaction, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 5,025 shares of company stock worth $7,871,897. Corporate insiders own 0.21% of the company’s stock.

Sandisk Trading Down 2.6%

Shares of NASDAQ:SNDK opened at $1,716.36 on Wednesday. The stock’s fifty day simple moving average is $1,093.12 and its two-hundred day simple moving average is $657.86. Sandisk Corporation has a 1-year low of $36.87 and a 1-year high of $1,804.00. The stock has a market cap of $254.18 billion, a PE ratio of 59.66 and a beta of 4.87.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating 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 for the quarter. During the same quarter last year, the business posted ($0.30) earnings per share. Sandisk’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Multiple articles highlighted Sandisk as a beneficiary of the AI memory supercycle, with analysts and commentators saying tight memory markets, strong pricing, and booming data center demand could keep supporting earnings and valuation. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Positive Sentiment: Several bullish pieces said Sandisk remains one of the favored AI memory stocks, with some writers arguing the company is still undervalued despite its huge run and that analysts see additional upside ahead. After SanDisk’s Historic Run, Analysts Still See More Upside
• Positive Sentiment: Sandisk was also cited as one of the top-searching and most-followed tickers in May, reflecting strong retail and trader interest that can help keep momentum in the stock. Is Sandisk Corporation (SNDK) One of the Top Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing?
• Positive Sentiment: An article on 247WallSt called Sandisk its favorite stock idea, citing the AI data center buildout as a major tailwind for the company’s storage products. Why Sandisk Corporation Is My Favorite Stock Idea Right Now
• Neutral Sentiment: Sandisk EVP Alper Ilkbahar sold 2,000 shares for about $3.5 million, a modest insider sale that may be viewed as routine profit-taking, though it can still add a little caution for investors. SEC filing
• Negative Sentiment: One article noted that Sandisk’s stock and short interest are both at record highs, which suggests the move has become crowded and could invite volatility if sentiment shifts. SanDisk’s stock and short interest both at record highs – do the bears know something?

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.