New York State Teachers Retirement System Sells 14,331 Shares of Sandisk Corporation $SNDK

New York State Teachers Retirement System lowered its stake in Sandisk Corporation (NASDAQ:SNDK) by 11.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 106,399 shares of the data storage provider’s stock after selling 14,331 shares during the quarter. New York State Teachers Retirement System’s holdings in Sandisk were worth $25,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Delta Investment Management LLC bought a new stake in Sandisk in the fourth quarter valued at approximately $2,747,000. FengHe Fund Management Pte. Ltd. raised its holdings in shares of Sandisk by 345.1% during the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 431,700 shares of the data storage provider’s stock valued at $102,477,000 after acquiring an additional 334,700 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Sandisk during the fourth quarter valued at approximately $437,000. Torren Management LLC bought a new position in shares of Sandisk during the fourth quarter valued at approximately $37,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Sandisk during the fourth quarter valued at approximately $285,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Sandisk from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Mizuho set a $1,220.00 target price on Sandisk in a report on Friday. Evercore restated an “outperform” rating and set a $1,400.00 target price on shares of Sandisk in a report on Friday. Finally, Citigroup upped their target price on Sandisk from $980.00 to $1,300.00 and gave the company a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and an average price target of $1,011.05.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q3 results — revenue jumped ~251% to $5.95B and non?GAAP EPS of $23.41 materially beat estimates; management issued very strong Q4 guidance (EPS $30–33; revenue $7.75B–$8.25B), underpinning the rally. SanDisk Earnings Crush Estimates With 251% Revenue Surge
• Positive Sentiment: Company announced a $6B share buyback and reported multiple long?term contracts (reports cite large multi?year agreements backed by firm commitments), which reduce cyclicality and improve revenue visibility. Sandisk has thumping quarter on AI boom, secures long-term contracts and unveils big buyback
• Positive Sentiment: Margins surged (GAAP and non?GAAP gross margins expanded sharply) driven by datacenter NAND pricing and product mix toward higher?value SSDs — a near?term earnings multiplier amid AI infrastructure buildout. SNDK’s Q3 Earnings Beat Estimates, Revenues Rise on Datacenter Surge
• Positive Sentiment: Analysts are revising models and raising targets after the print (examples: Cantor Fitzgerald, Wells Fargo), which supports further upside consensus. Wall Street revises Sandisk stock price target
• Neutral Sentiment: Company is shifting to a “new business model” with multi?year contracts and guarantees that analysts say reduce cyclicality — important strategically but dependent on long?term execution. Sandisk’s new business model improves visibility, reduces cyclicality: analysts
• Neutral Sentiment: Options and technical positioning had priced in a huge move heading into earnings (high volatility expected); some post?print moves reflect that positioning more than a change to fundamentals. SanDisk Q3 Earnings Preview: Wall Street Braces for 21% Post-Report Swing
• Negative Sentiment: “Sell?the?news” / profit?taking pressure and short?term pullbacks followed the report in some sessions despite the beats — a common reaction after a parabolic run and heavy pre?earnings positioning. Sandisk stock falls despite strong earnings report as investors ‘sell the news’
• Negative Sentiment: Concerns remain about how sustainable extreme margin levels and NAND pricing gains will be once supply tightness eases — commentators and some analysts flagged margin durability as a key risk. The Watchlist Panel: AI Demand vs. Supply Crunch
• Negative Sentiment: One shop (RBC) raised its target but kept a conservative “sector perform” stance, implying limited near?term upside from current levels — a reminder of divergent Street views. Benzinga report on RBC price target

Insiders Place Their Bets

In related news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the sale, the director directly owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by insiders.

Sandisk Price Performance

Shares of SNDK stock opened at $1,187.00 on Friday. The stock has a market cap of $175.20 billion, a price-to-earnings ratio of 41.26 and a beta of 4.83. The business’s fifty day moving average is $753.17 and its 200 day moving average is $471.92. Sandisk Corporation has a twelve month low of $33.05 and a twelve month high of $1,189.24. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 48.85% and a net margin of 34.19%.Sandisk’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts expect that Sandisk Corporation will post 47.45 EPS for the current fiscal year.

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.