Amanah Holdings Trust Purchases Shares of 250,000 Sandisk Corporation $SNDK

Posted by ABMN Staff on Jun 19th, 2026

Amanah Holdings Trust purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 250,000 shares of the data storage provider’s stock, valued at approximately $59,345,000. Sandisk comprises about 8.7% of Amanah Holdings Trust’s investment portfolio, making the stock its 3rd largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. purchased a new position in Sandisk in the third quarter worth $1,970,388,000. State Street Corp boosted its holdings in shares of Sandisk by 20.7% in the 4th quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock worth $1,253,728,000 after purchasing an additional 904,933 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Sandisk by 44.9% in the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after purchasing an additional 1,133,276 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Sandisk by 31.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock valued at $825,608,000 after purchasing an additional 828,332 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Sandisk by 7.2% during the 4th quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock valued at $705,105,000 after purchasing an additional 199,545 shares during the last quarter.

Sandisk Stock Performance

NASDAQ:SNDK opened at $2,184.75 on Friday. The firm has a market cap of $323.54 billion, a PE ratio of 75.94 and a beta of 4.87. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,191.69. The business has a 50 day moving average price of $1,396.19 and a 200-day moving average price of $804.83.

Sandisk (NASDAQ:SNDK – Get Free Report) last released 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 firm had revenue of $5.95 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts predict that Sandisk Corporation will post 64.01 EPS for the current year.

Insiders Place Their Bets

In related news, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was 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 $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction on 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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,625 shares of company stock worth $8,913,497 in the last ninety days. Insiders own 0.21% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Apple’s warning about unavoidable memory price increases is lifting sentiment across the memory chip group and highlighting Sandisk’s pricing power. Why Is SanDisk Stock Surging On Thursday?
Positive Sentiment: Pre-market gains in SNDK followed Apple’s comments, with traders also bidding up Western Digital, Micron, and Seagate on expectations of stronger memory-chip pricing. MU, SNDK, STX, WDC stocks rise after Apple chief warns of memory-driven price hikes
Positive Sentiment: Several recent bullish notes argue the rally may still have room to run, citing AI data-center demand, strong revenue visibility, and upbeat analyst target revisions. Sandisk: The Market Is Underestimating Its FY 2027 Earnings Power
Neutral Sentiment: Some commentary says the stock is extremely overbought and may be vulnerable to profit-taking after its massive run, which adds a cautionary note for momentum investors. Take Profits Now. Famous Chart Technician Says SanDisk is The “Most Overbought Stock Ever”
Neutral Sentiment: Other pieces focus on valuation questions after the Western Digital spinoff and on technical momentum, but they do not add a clear new catalyst by themselves. SanDisk’s (SNDK) Spinoff Has Created a New Valuation Question

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Wedbush increased their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Mizuho lifted their price target on shares of Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Finally, KGI Securities initiated coverage on shares of Sandisk in a report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price objective for the company. Three investment 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 stock. According to data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,580.67.

Read Our Latest Stock Report on SNDK

Sandisk Company Profile

(Free Report)

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.