Sandisk Corporation $SNDK Stake Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Sandisk Corporation (NASDAQ:SNDK) by 6.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,383 shares of the data storage provider’s stock after acquiring an additional 1,998 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Sandisk were worth $21,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Whittier Trust Co. acquired a new position in shares of Sandisk in the 4th quarter worth approximately $26,000. Greenline Wealth Management LLC acquired a new stake in Sandisk during the fourth quarter valued at approximately $26,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the fourth quarter worth approximately $27,000. Westfuller Advisors LLC boosted its holdings in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after buying an additional 43 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new position in Sandisk in the third quarter worth approximately $30,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wedbush raised its price target on Sandisk and said it expects a strong earnings beat, citing favorable NAND pricing trends and improving fundamentals ahead of the company’s upcoming quarterly report. Article Title
• Positive Sentiment: Sandisk and other memory stocks rebounded after a Samsung-led sector selloff, as investors rotated back into the group on hopes that demand remains strong. Article Title
• Positive Sentiment: Reports that Meta signed a multi-year NAND flash supply deal with Sandisk added to optimism around AI infrastructure demand and long-term storage sales. Article Title
• Positive Sentiment: Sandisk announced it will report fiscal fourth-quarter and full-year 2026 results on August 5, followed by an Investor Day on August 13, which keeps a near-term catalyst in focus. Article Title
• Neutral Sentiment: Sandisk is being highlighted in broader market coverage and stock-mover lists, reflecting elevated trading interest rather than a single company-specific development. Article Title
• Negative Sentiment: Some commentary warned that investors may be pricing in too much AI-memory optimism, with concerns that storage demand could be peaking after the recent rally. Article Title
• Negative Sentiment: A separate article argued that investors didn’t need Sandisk to benefit from the AI wave, suggesting some capital could rotate into broader semiconductor ETFs instead of the stock. Article Title

Sandisk Stock Performance

Sandisk stock opened at $1,915.92 on Monday. The company has a 50 day moving average price of $1,726.30 and a 200 day moving average price of $1,001.87. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39. The firm has a market capitalization of $283.73 billion, a price-to-earnings ratio of 66.59 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last announced 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 company had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. Sandisk’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities analysts forecast that Sandisk Corporation will post 64.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Bank of America upped their price target on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Wedbush lifted their target price on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. KGI Securities assumed coverage on Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 target price on the stock. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Finally, 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 report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and an average price target of $1,684.24.

Insiders Place Their Bets

In other news, 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 transaction of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the company’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 directly owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 6,225 shares of company stock worth $10,166,297. 0.21% of the stock is owned by corporate insiders.

Sandisk 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.