2,042 Shares in Sandisk Corporation $SNDK Acquired by Diversified Trust Co

Diversified Trust Co bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,042 shares of the data storage provider’s stock, valued at approximately $1,297,000.

Several other institutional investors have also modified their holdings of SNDK. Thompson Davis & CO. Inc. acquired a new position in shares of Sandisk in the 1st quarter valued at approximately $346,000. Galaxy Digital Capital Management GP LLC bought a new stake in shares of Sandisk in the 4th quarter valued at approximately $1,688,000. Purpose Unlimited Inc. acquired a new stake in shares of Sandisk during the 4th quarter valued at approximately $237,000. Hsbc Holdings PLC raised its position in shares of Sandisk by 351.1% during the 4th quarter. Hsbc Holdings PLC now owns 176,439 shares of the data storage provider’s stock valued at $41,959,000 after acquiring an additional 246,699 shares in the last quarter. Finally, Stance Capital LLC acquired a new stake in shares of Sandisk during the fourth quarter worth $1,373,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk continues to benefit from the long-term AI storage story, with several articles highlighting that AI is “fundamentally” changing the NAND market and supporting stronger data-center memory demand. Article Title
• Positive Sentiment: Recent coverage also points to continued optimism around SanDisk’s AI-driven pure-play NAND positioning, which has helped fuel a major rerating in the stock. Article Title
• Neutral Sentiment: One analyst commentary argues the current selling is mainly profit-taking after a parabolic run in AI memory stocks, suggesting investors are rotating rather than abandoning the sector. Article Title
• Neutral Sentiment: Another report says the broader memory-stock rally stalled as tech selling spread to new markets and industries, pressuring the group as a whole. Article Title
• Negative Sentiment: SanDisk is being sold along with Micron and Western Digital amid fears of an AI bubble, high AI spending, and rate-hike risks, which are weighing on sentiment for memory-chip stocks. Article Title
• Negative Sentiment: A separate report says Tuesday’s sharp drop was amplified by a Korean market crash that hit memory-chip names across the sector. Article Title

Sandisk Stock Down 13.6%

Shares of NASDAQ:SNDK opened at $1,963.60 on Wednesday. The company has a market cap of $290.79 billion, a P/E ratio of 68.25 and a beta of 4.88. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The company’s fifty day moving average is $1,474.95 and its two-hundred day moving average is $845.76.

Sandisk (NASDAQ:SNDK) last announced 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. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion during the quarter. During the same period in the prior year, the company posted ($0.30) earnings per share. The firm’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts anticipate that Sandisk Corporation will post 64.01 earnings per share for the current year.

Insider Activity at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the transaction, the insider owned 32,232 shares in the company, valued at approximately $55,954,752. This represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the company’s 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 completion of the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 5,625 shares of company stock valued at $8,913,497. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup raised their price target on Sandisk from $1,300.00 to $2,025.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. KGI Securities started coverage on Sandisk in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price target for the company. Royal Bank Of Canada raised their price objective on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 target price on shares of Sandisk in a report on Friday, May 1st. Finally, Evercore restated an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,580.67.

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.