SummitTX Capital L.P. Takes $8.10 Million Position in Sandisk Corporation $SNDK

SummitTX Capital L.P. purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,753 shares of the data storage provider’s stock, valued at approximately $8,102,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Valley Wealth Managers Inc. acquired a new stake in Sandisk in the first quarter valued at about $25,000. Whittier Trust Co. acquired a new position in Sandisk during the fourth quarter worth about $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk in the fourth quarter worth about $26,000. Chung Wu Investment Group LLC bought a new position in shares of Sandisk in the fourth quarter worth about $27,000. Finally, Westfuller Advisors LLC boosted its stake in shares of Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares in the last quarter.

Sandisk Price Performance

SNDK opened at $1,436.56 on Monday. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39. The firm has a market capitalization of $212.74 billion, a price-to-earnings ratio of 49.93 and a beta of 4.74. The company’s 50 day moving average price is $1,754.03 and its two-hundred day moving average price is $1,092.96.

Sandisk (NASDAQ:SNDK) last released its quarterly 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. The firm had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. Sandisk’s revenue was up 251.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts predict that Sandisk Corporation will post 64.52 EPS for the current year.

Trending Headlines about Sandisk

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 Analysts Forecast Growth

Several brokerages recently issued reports on SNDK. Wells Fargo & Company lifted their price target on shares of Sandisk from $1,250.00 to $1,620.00 and gave the company an “equal weight” rating in a report on Wednesday. UBS Group set a $1,700.00 price target on shares of Sandisk in a report on Monday, May 4th. Royal Bank Of Canada raised their price objective on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Finally, Zacks Research cut Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,811.38.

Insider Activity

In other Sandisk news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were 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 approximately $4,359,019. This trade represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael Pokorny sold 2,446 shares of the 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 sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $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 quarter, insiders sold 6,225 shares of company stock worth $10,166,297. 0.21% of the stock is owned by company 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.