Cache Advisors LLC Takes Position in Sandisk Corporation $SNDK

Cache Advisors LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,076 shares of the data storage provider’s stock, valued at approximately $1,954,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Sandisk by 20.7% in the 4th quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock valued at $1,253,728,000 after purchasing an additional 904,933 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Sandisk by 44.9% during the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after buying an additional 1,133,276 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Sandisk by 31.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock worth $825,608,000 after buying an additional 828,332 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Sandisk by 7.2% in the 4th quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock valued at $705,105,000 after buying an additional 199,545 shares during the period. Finally, Norges Bank purchased a new stake in shares of Sandisk in the fourth quarter valued at approximately $518,889,000.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,963.60 on Wednesday. The firm has a market capitalization of $290.79 billion, a price-to-earnings ratio of 68.25 and a beta of 4.88. The business’s 50 day simple moving average is $1,474.95 and its 200-day simple moving average is $845.76. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released 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 firm had revenue of $5.95 billion during the quarter. During the same period in the previous year, the business 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. On average, equities analysts anticipate that Sandisk Corporation will post 64.01 earnings per share for the current year.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk continues to benefit from the long-term AI storage story, with several articles highlighting that AI is “fundamentally” changing the NAND market and supporting stronger data-center memory demand. Article Title
• Positive Sentiment: Recent coverage also points to continued optimism around SanDisk’s AI-driven pure-play NAND positioning, which has helped fuel a major rerating in the stock. Article Title
• Neutral Sentiment: One analyst commentary argues the current selling is mainly profit-taking after a parabolic run in AI memory stocks, suggesting investors are rotating rather than abandoning the sector. Article Title
• Neutral Sentiment: Another report says the broader memory-stock rally stalled as tech selling spread to new markets and industries, pressuring the group as a whole. Article Title
• Negative Sentiment: SanDisk is being sold along with Micron and Western Digital amid fears of an AI bubble, high AI spending, and rate-hike risks, which are weighing on sentiment for memory-chip stocks. Article Title
• Negative Sentiment: A separate report says Tuesday’s sharp drop was amplified by a Korean market crash that hit memory-chip names across the sector. Article Title

Insider Transactions at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction 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 transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,625 shares of company stock valued at $8,913,497 in the last three months. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on SNDK. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. The Goldman Sachs Group restated a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a research report on Friday, May 1st. Evercore reaffirmed an “outperform” rating and set a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and a consensus price target of $1,580.67.

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.