Bank of New York Mellon Corp Has $159.82 Million Stake in Sandisk Corporation $SNDK

Bank of New York Mellon Corp decreased its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 9.5% during the 4th quarter, HoldingsChannel reports. The fund owned 673,254 shares of the data storage provider’s stock after selling 70,421 shares during the period. Bank of New York Mellon Corp’s holdings in Sandisk were worth $159,817,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SNDK. Whittier Trust Co. acquired a new stake in shares of Sandisk during the 4th quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sandisk during the 3rd quarter valued at $27,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk during the 4th quarter valued at $27,000. Westfuller Advisors LLC boosted its holdings in shares of Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new stake in shares of Sandisk during the 3rd quarter valued at $30,000.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SNDK. UBS Group set a $1,700.00 price objective on Sandisk in a report on Monday, May 4th. Raymond James Financial reissued an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. Melius Research set a $2,350.00 price objective on Sandisk in a report on Monday, May 18th. Citigroup lifted their target price on Sandisk from $1,300.00 to $2,025.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, Bank of America lifted their target price on Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus price target of $1,398.27.

Sandisk Trading Down 11.4%

Shares of SNDK opened at $1,559.32 on Friday. The company has a market capitalization of $230.92 billion, a PE ratio of 54.20 and a beta of 4.87. Sandisk Corporation has a 12 month low of $38.53 and a 12 month high of $1,861.00. The stock’s 50-day moving average price is $1,174.63 and its two-hundred day moving average price is $695.82.

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, beating analysts’ consensus estimates of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts predict that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst commentary remains constructive, with reports citing bullish views on Sandisk and Morgan Stanley lifting its price target by 59%, signaling expectations for further upside from AI-driven memory demand. SNDK stock hits record high: Morgan Stanley raises PT by 59%, sees further upside ahead
• Positive Sentiment: Several bullish pieces argue Sandisk’s AI storage opportunity is still early, highlighting strong recent revenue growth, high margins, and a favorable memory-supply backdrop that could support fundamentals. Sandisk’s AI Storage Moment Is Just Getting Started
• Neutral Sentiment: Market commentary notes Sandisk was among the standout semiconductor winners this year, but that outsized rally is also making the shares more vulnerable to profit-taking and valuation concerns. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
• Neutral Sentiment: Another article suggests analysts still see Sandisk as a key AI memory beneficiary, reinforcing the long-term demand story even as short-term trading turns volatile. These Experts Say the Memory-Stock Runup May Not Be Over Yet
• Negative Sentiment: Friday’s selloff appears driven by a “parabolic” unwind in semiconductor leaders, with Sandisk and peers Micron and Marvell sliding as investors reduce exposure to overheated AI trades. Micron, Sandisk stocks slide as traders exit high-flying AI plays
• Negative Sentiment: New competition concerns and softer sentiment across tech hardware added to the weakness, suggesting near-term momentum could fade if the sector rotation continues. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

Insiders Place Their Bets

In other news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 32,232 shares in the company, valued at $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,625 shares of company stock valued at $8,913,497 over the last 90 days. 0.21% of the stock is owned by company insiders.

Sandisk Company 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.