QRG Capital Management Inc. Acquires 7,849 Shares of Sandisk Corporation $SNDK

QRG Capital Management Inc. raised its holdings in Sandisk Corporation (NASDAQ:SNDK) by 220.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,411 shares of the data storage provider’s stock after purchasing an additional 7,849 shares during the period. QRG Capital Management Inc.’s holdings in Sandisk were worth $7,250,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Allworth Financial LP boosted its holdings in shares of Sandisk by 84.2% in the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after acquiring an additional 2,067 shares during the period. Tredje AP fonden bought a new stake in shares of Sandisk during the 4th quarter valued at $7,821,000. ProShare Advisors LLC raised its stake in shares of Sandisk by 1,301.5% during the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock valued at $7,985,000 after purchasing an additional 31,237 shares during the period. FourThought Financial Partners LLC purchased a new stake in Sandisk during the 4th quarter worth about $422,000. Finally, North Dakota State Investment Board purchased a new stake in Sandisk during the 4th quarter worth about $1,127,000.

Insiders Place Their Bets

In other news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction dated 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 owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,225 shares of company stock worth $10,166,297 over the last three months. Company insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,745.00 on Friday. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39. The stock has a fifty day moving average of $1,650.22 and a 200 day moving average of $942.09. The firm has a market capitalization of $258.42 billion, a price-to-earnings ratio of 60.65 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion for the quarter. During the same quarter in the prior year, the company earned ($0.30) earnings per share. Sandisk’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities analysts forecast that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SNDK. Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Raymond James Financial reiterated an “outperform” rating and set a $1,470.00 price target on shares of Sandisk in a research report on Friday, May 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a report on Friday, May 1st. Melius Research set a $2,350.00 price objective on shares of Sandisk in a research report on Monday, May 18th. Finally, Wedbush boosted their price objective on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and a consensus target price of $1,684.24.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk announced it has started production of its 10th-generation 3D flash memory with Kioxia at the Kitakami plant, and separately said it is sampling BiCS10 1Tb TLC 3D NAND. Both updates point to higher density, better power efficiency, and more capacity for data-center and AI workloads. Article Title Article Title
• Positive Sentiment: Analysts remained constructive on Sandisk, with China Renaissance lifting its price target sharply on strong AI storage demand and Bank of America raising its target to $2,500 while keeping a buy rating. Article Title
• Positive Sentiment: Commentary from several outlets says the recent selloff may be a pullback after a huge first-half rally, with some investors viewing the weakness as a buying opportunity rather than a change in the underlying growth thesis. Article Title
• Neutral Sentiment: MarketBeat’s week-in-review noted Sandisk as a poster child for tech-sector volatility, reflecting how much the stock can swing on sector rotation and sentiment shifts. Article Title
• Negative Sentiment: Sandisk shares have been hit by a broader selloff in AI chip and memory stocks as investors rotate toward AI software, and some reports also cite profit-taking and memory supply-glut fears. Article Title Article Title
• Negative Sentiment: Insider Bernard Shek sold 600 shares under a pre-arranged 10b5-1 plan, a routine filing but still a mild caution flag for sentiment. Article Title

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.