Delta Global Management LP Sells 76,745 Shares of Sandisk Corporation $SNDK

Delta Global Management LP reduced its position in Sandisk Corporation (NASDAQ:SNDK) by 73.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,182 shares of the data storage provider’s stock after selling 76,745 shares during the quarter. Sandisk accounts for about 1.5% of Delta Global Management LP’s holdings, making the stock its 23rd largest holding. Delta Global Management LP’s holdings in Sandisk were worth $17,905,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SNDK. GHP Investment Advisors Inc. boosted its stake in Sandisk by 12.0% in the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after buying an additional 13 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Sandisk by 0.3% during the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock worth $1,255,000 after acquiring an additional 17 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Sandisk by 0.7% during the first quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock worth $2,246,000 after acquiring an additional 24 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Sandisk by 20.2% in the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock worth $52,000 after acquiring an additional 37 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Sandisk in the 1st quarter worth approximately $25,000.

Sandisk Trading Down 10.8%

Shares of NASDAQ:SNDK opened at $1,436.56 on Friday. The company has a 50-day moving average price of $1,754.03 and a 200-day moving average price of $1,087.24. The company has a market cap of $212.74 billion, a price-to-earnings ratio of 49.93 and a beta of 4.74. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.95 billion for the quarter. During the same period in the previous year, the business earned ($0.30) earnings per share. 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. As a group, research analysts forecast that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Necip Sayiner sold 579 shares of the company’s 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 transaction of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,225 shares of company stock worth $10,166,297 in the last ninety days. Insiders own 0.21% of the company’s stock.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk remains a major AI-storage beneficiary, with multiple recent articles highlighting strong demand for memory and enterprise storage tied to AI infrastructure spending and tight supply. Article Title
• Positive Sentiment: Analysts and traders are still focused on SanDisk’s upcoming fiscal Q4 earnings on August 5, with expectations for a large move and a chance for another earnings beat after a strong surprise history. Article Title
• Neutral Sentiment: New ETF products are being launched to trade the DRAM and memory rally, underscoring strong investor interest in the group, though this is more a sentiment signal than a direct catalyst for SanDisk. Article Title
• Neutral Sentiment: Options traders are pricing in a sizable post-earnings swing, reflecting elevated expectations and uncertainty heading into the report. Article Title
• Negative Sentiment: Memory and chip stocks are under pressure today, and SanDisk is being dragged lower by a sector-wide risk-off move after recent gains in AI-related semiconductors. Article Title
• Negative Sentiment: SanDisk has also pulled back sharply from recent highs, and some coverage now frames the move as a correction after an extended AI-driven rally. Article Title

Wall Street Analyst Weigh In

Several equities analysts recently commented on SNDK shares. Citigroup increased their target price on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Bank of America boosted their price target on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Raymond James Financial restated an “outperform” rating and set a $1,470.00 price target on shares of Sandisk in a research report on Friday, May 1st. Finally, UBS Group set a $1,700.00 price objective on Sandisk in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,811.38.

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.