Sandisk Corporation $SNDK Stock Holdings Trimmed by Parnassus Investments LLC

Parnassus Investments LLC reduced its position in Sandisk Corporation (NASDAQ:SNDK) by 79.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 187,772 shares of the data storage provider’s stock after selling 737,495 shares during the period. Parnassus Investments LLC’s holdings in Sandisk were worth $44,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. bought a new stake in Sandisk in the fourth quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new stake in Sandisk in the fourth quarter valued at about $27,000. Westfuller Advisors LLC increased its holdings 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 buying an additional 43 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in Sandisk by 137.9% in the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after buying an additional 80 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Sandisk during the fourth quarter valued at approximately $37,000.

Insiders Place Their Bets

In related news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 5,625 shares of company stock valued at $8,913,497. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on SNDK. Susquehanna upped their target price on Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a report on Friday, May 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a report on Friday, May 1st. Citigroup upped their target price on Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Sanford C. Bernstein upped their target price on Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Melius Research set a $2,350.00 target price on Sandisk in a report on Monday, May 18th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Sandisk has an average rating of “Moderate Buy” and an average target price of $1,580.67.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and raised its price target on Sandisk to $2,100, reinforcing the bull case after the stock’s huge rally. SanDisk Stock’s 5,000% Rally Hasn’t Stopped This Analyst: Is $2,100 Next?
• Positive Sentiment: Shares gained on Thursday as memory stocks rebounded, with SanDisk benefiting from improving industry sentiment after SK Hynix outlined a capacity plan that lifted the broader group. SanDisk Jumps 14%, Western Digital Climbs 6% as Memory Stocks Rebound on SK Hynix’s Capacity Plan
• Positive Sentiment: Analysts and market commentary continue to frame Sandisk as an AI beneficiary, citing rising revenues, strong demand, and a growing role in AI infrastructure alongside other storage and chip names. Beyond Micron: 2 AI Stocks That Could Deliver Explosive Returns
• Neutral Sentiment: One article argued the stock may be fully valued after its massive year-to-date run, suggesting upside could be getting harder to justify at current levels. Up 500% in 2026: 1 Deeply Concerning Reason to Stand Pat on SanDisk Stock Despite the June Rebound
• Neutral Sentiment: Sandisk’s new business model has drawn attention for securing $42 billion in revenue commitments, which could improve visibility and reduce dependence on NAND price swings over time. Can SNDK’s New Business Models Reduce Dependence on NAND Volatility?

Sandisk Trading Up 14.5%

NASDAQ:SNDK opened at $1,881.51 on Friday. The firm has a market capitalization of $278.63 billion, a PE ratio of 65.40 and a beta of 4.87. The stock has a 50 day moving average of $1,262.36 and a 200-day moving average of $740.58. Sandisk Corporation has a 52 week low of $39.44 and a 52 week high of $1,895.00.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the company earned ($0.30) earnings per share. The business’s quarterly revenue 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, analysts predict that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

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.