Allspring Global Investments Holdings LLC Boosts Stock Holdings in Sandisk Corporation $SNDK

Allspring Global Investments Holdings LLC raised its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 1,070.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,885 shares of the data storage provider’s stock after acquiring an additional 68,487 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sandisk were worth $51,875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. boosted its stake in shares of Sandisk by 12.0% in the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after acquiring an additional 13 shares during the last quarter. Blair William & Co. IL raised its position in shares of Sandisk by 0.3% in the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after buying an additional 17 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Sandisk by 20.2% in the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock worth $52,000 after buying an additional 37 shares in the last quarter. Composition Wealth LLC lifted its stake in shares of Sandisk by 0.4% in the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after buying an additional 41 shares in the last quarter. Finally, Westfuller Advisors LLC lifted its stake in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after buying an additional 43 shares in the last quarter.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Despite the pullback, several recent pieces remain constructive on Sandisk’s long-term setup, pointing to strong demand from AI infrastructure and tighter memory supply conditions that could support revenue and margins. Article Title
• Positive Sentiment: Sandisk’s valuation has come down sharply from recent highs, with some investors and analysts arguing the selloff may have made the stock more attractive relative to its growth outlook. Article Title
• Neutral Sentiment: Sandisk also announced progress on its Fab2 project with Kioxia and said BiCS10 sampling has begun, a development that supports its product roadmap but is not an immediate earnings catalyst. Article Title
• Negative Sentiment: Technical damage has intensified after the stock broke key support levels, with chart watchers citing a sharp drop from recent peaks and warning that momentum has turned decisively lower ahead of the next earnings report. Article Title
• Negative Sentiment: Sector-wide weakness, including concerns about Chinese competition and a broad AI-chip rotation, has added to the selloff in memory stocks such as Sandisk. Article Title

Sandisk Trading Down 4.0%

Shares of NASDAQ:SNDK opened at $1,354.38 on Friday. The business has a 50-day moving average price of $1,746.25 and a 200 day moving average price of $1,042.54. The company has a market capitalization of $200.57 billion, a price-to-earnings ratio of 47.08 and a beta of 4.74. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39.

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 the consensus estimate of $14.17 by $9.24. The company 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%. The company’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period last year, the business earned ($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 earnings per share for the current fiscal year.

Insider Activity at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction that occurred on Monday, June 1st. The shares were 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 owned 52,677 shares in the company, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 6,225 shares of company stock worth $10,166,297. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SNDK shares. Cantor Fitzgerald increased their price objective on shares of Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Mizuho boosted their target price on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Melius Research set a $2,350.00 price target on Sandisk in a research report on Monday, May 18th. Evercore set a $3,100.00 price target on Sandisk in a report on Monday, July 13th. Finally, Susquehanna lifted their price objective on Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,803.29.

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.