ACT Capital Management LLC Takes Position in Sandisk Corporation $SNDK

ACT Capital Management LLC purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,500 shares of the data storage provider’s stock, valued at approximately $831,000. Sandisk makes up about 0.7% of ACT Capital Management LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds have also recently made changes to their positions in SNDK. Vanguard Group Inc. acquired a new stake in shares of Sandisk during the third quarter valued at about $1,970,388,000. State Street Corp acquired a new stake in shares of Sandisk during the third quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sandisk in the third quarter worth approximately $297,293,000. Norges Bank acquired a new position in shares of Sandisk in the fourth quarter worth approximately $518,889,000. Finally, Bank of America Corp DE acquired a new position in shares of Sandisk in the third quarter worth approximately $190,425,000.

Insiders Place Their Bets

In other news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the transaction, the insider owned 32,232 shares of the company’s stock, valued at $55,954,752. This represents a 1.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director directly owned 2,900 shares in the company, valued at $4,359,019. This represents a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,625 shares of company stock worth $8,913,497 in the last ninety days. Company insiders own 0.21% of the company’s stock.

Sandisk Trading Down 1.6%

SNDK stock opened at $1,958.80 on Thursday. The stock’s fifty day simple moving average is $1,366.71 and its two-hundred day simple moving average is $791.01. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,167.33. The stock has a market cap of $290.08 billion, a P/E ratio of 68.08 and a beta of 4.87.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share 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 business had revenue of $5.95 billion for the quarter. During the same period in the prior year, the firm posted ($0.30) EPS. The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts forecast that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and bullish commentators say Sandisk is benefiting from accelerating AI memory demand, especially at the edge, where more AI-enabled devices need local storage. One recent upgrade argues this could support long-term growth and higher valuation. Sandisk: I Was Wrong, Edge AI Changes Everything (Rating Upgrade)
• Positive Sentiment: Another analysis says AI inference workloads could boost NAND demand through enterprise SSDs, supply agreements, and better margins, reinforcing the bull case for Sandisk’s storage cycle. Can AI Inference Workloads Accelerate NAND Demand for Sandisk?
• Neutral Sentiment: Coverage comparing top 2026 S&P 500 performers continues to spotlight Sandisk as a major AI-memory winner, which can keep investor attention high but does not add new company-specific fundamentals. AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
• Negative Sentiment: Carter Worth of Worth Charting warned that the memory-chip trade has gone “too far, too fast” and singled out Sandisk as the “most overbought stock ever,” encouraging traders to trim or hedge positions. Take Profits Now. Famous Chart Technician Says SanDisk is The “Most Overbought Stock Ever”
• Negative Sentiment: Additional articles note Sandisk slipping back after hitting a record high, reinforcing fears of a near-term pullback as investors lock in gains. SanDisk Is ‘the Most Overbought Stock in History,’ Says Polymarket

Wall Street Analyst Weigh In

A number of research firms recently commented on SNDK. Mizuho lifted their price objective on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Bank of America lifted their price objective on Sandisk from $1,550.00 to $2,100.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,400.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Royal Bank Of Canada boosted their price target on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Finally, UBS Group set a $1,700.00 price target on Sandisk in a research note on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,580.67.

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.