Sandisk Corporation $SNDK Shares Sold by Kera Capital Partners Inc.

Kera Capital Partners Inc. lessened its stake in Sandisk Corporation (NASDAQ:SNDK) by 43.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 519 shares of the data storage provider’s stock after selling 403 shares during the period. Kera Capital Partners Inc.’s holdings in Sandisk were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNDK. Modera Wealth Management LLC acquired a new position in shares of Sandisk in the 1st quarter valued at $362,000. Townsend Asset Management Corp NC ADV purchased a new stake in Sandisk during the first quarter worth $257,000. Astra Wealth Partners LLC acquired a new stake in Sandisk during the first quarter valued at $224,000. Assetmark Inc. increased its holdings in Sandisk by 1,990.3% in the first quarter. Assetmark Inc. now owns 3,658 shares of the data storage provider’s stock valued at $2,324,000 after buying an additional 3,483 shares in the last quarter. Finally, PeakShares LLC purchased a new position in Sandisk in the first quarter valued at $445,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory and semiconductor stocks are rebounding sharply in Monday trading, lifting Sandisk along with peers as investors regain confidence after the recent selloff. Micron Jumps 5%, SanDisk Rises 6%, Western Digital Climbs 4% as Memory Stocks Rebound With Chips
• Positive Sentiment: Investors are viewing the memory-stock pullback as a strong entry point, which is encouraging dip-buying in SanDisk and other chip names. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In.
• Positive Sentiment: Morgan Stanley reportedly flagged several semiconductor and AI infrastructure stocks as attractive after the memory-equity selloff, supporting a broader rebound in the group. Banking giant names 7 stocks to buy after memory equities sell-off
• Positive Sentiment: Recent commentary remains constructive on Sandisk’s earnings power, citing strong revenue growth, higher margins, and its position in AI storage demand. Sandisk: The Math Supporting A Rare Opportunity
• Positive Sentiment: Additional bullish coverage says Sandisk remains attractive despite its big 2026 run, pointing to ongoing memory-chip shortage conditions. Sandisk: Even After a 580% Rise in 2026, It’s Still a Screaming Buy (NASDAQ: SNDK)

Sandisk Stock Up 2.7%

SNDK opened at $1,390.95 on Tuesday. The company has a market cap of $205.99 billion, a price-to-earnings ratio of 48.35 and a beta of 4.74. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39. The firm’s fifty day simple moving average is $1,743.12 and its two-hundred day simple moving average is $1,056.26.

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. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion for the quarter. During the same quarter last year, the business earned ($0.30) EPS. The firm’s revenue for the quarter was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts forecast that Sandisk Corporation will post 64.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SNDK shares. Melius Research set a $2,350.00 target price on shares of Sandisk in a research note on Monday, May 18th. Argus began coverage on Sandisk in a research note on Wednesday, July 15th. They issued a “hold” rating for the company. Bank of America upped their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Wells Fargo & Company increased their price target on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Mizuho raised their price objective on Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,803.29.

Insider Transactions at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the transaction, the insider directly owned 31,515 shares of the company’s stock, valued at $65,803,320. The trade was a 1.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is currently owned by corporate insiders.

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.