Sandisk Corporation $SNDK Shares Acquired by Sentry Investment Management LLC

Sentry Investment Management LLC grew its position in Sandisk Corporation (NASDAQ:SNDK) by 33,000.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 331 shares of the data storage provider’s stock after acquiring an additional 330 shares during the quarter. Sentry Investment Management LLC’s holdings in Sandisk were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of SNDK. Vanguard Group Inc. acquired a new stake in shares of Sandisk during the third quarter worth $1,970,388,000. State Street Corp acquired a new stake in shares of Sandisk during the third quarter worth $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sandisk during the third quarter worth $297,293,000. Bank of America Corp DE acquired a new stake in shares of Sandisk during the third quarter worth $190,425,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Sandisk during the third quarter worth $163,057,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Shares are benefiting from the broad AI memory supercycle trade, as investors rotate into SanDisk and Micron on expectations that AI data-center demand will keep memory supply tight and pricing strong. SanDisk Did In Months What Nvidia Took 9 Years To Pull Off — And The Chart Looks Almost Unreal
• Positive Sentiment: Wall Street sentiment remains bullish after Cantor Fitzgerald raised its price target on SanDisk to $1,800 and Goldman Sachs lifted its target to $1,200, reinforcing the view that the stock still has room to run after its strong earnings beat and raised outlook. Why Sandisk Corporation (SNDK) is One of the Top Stock Giants That Were Suddenly On Fire in April Goldman Sachs Raises its Price Target on SanDisk (SNDK) to $1,200
• Positive Sentiment: Analyst chatter and media coverage are increasingly framing SanDisk as a leading beneficiary of AI infrastructure spending, including reports that the company has locked in major AI-related deals and could still nearly double from current levels if the memory boom persists. SanDisk to $2,000: Why This Analyst Is Betting SNDK Stock Can Still Almost Double — And Putting Up the Highest Price Target on Wall Street SanDisk stock surges 10% after locking in $42 billion in AI deals
• Neutral Sentiment: Some commentary suggests the move is getting stretched after an enormous run, with options activity and short-interest concerns signaling that traders may be preparing for volatility even if the longer-term thesis remains intact. Sandisk: The Options Market Is Pricing A Big Selloff (Technical Analysis)
• Negative Sentiment: Near-term pullbacks have been tied to bubble concerns and short-selling pressure, with some investors warning the AI rally may be overheated even as others still see further upside. Why Is SanDisk Stock Falling On Thursday?

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SNDK shares. Evercore reaffirmed an “outperform” rating and set a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Citigroup increased their price target on Sandisk from $980.00 to $1,300.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Barclays increased their price target on Sandisk from $750.00 to $1,200.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Wedbush increased their price target on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings raised Sandisk from a “sell (d+)” rating to a “hold (c+)” rating in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,065.81.

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,562.34 on Monday. The stock has a fifty day moving average price of $797.19 and a two-hundred day moving average price of $500.60. The stock has a market capitalization of $231.37 billion, a price-to-earnings ratio of 54.30 and a beta of 4.82. Sandisk Corporation has a 1 year low of $35.79 and a 1 year high of $1,564.00.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data 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. The firm had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company’s revenue was up 251.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, analysts predict that Sandisk Corporation will post 63.93 EPS for the current year.

Insider Transactions at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the 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 completion of the transaction, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

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.