Beaconlight Capital LLC Cuts Stake in Sandisk Corporation $SNDK

Beaconlight Capital LLC trimmed its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 90.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,942 shares of the data storage provider’s stock after selling 28,922 shares during the period. Sandisk comprises approximately 1.0% of Beaconlight Capital LLC’s portfolio, making the stock its 26th largest position. Beaconlight Capital LLC’s holdings in Sandisk were worth $1,869,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Valley Wealth Managers Inc. bought a new position in shares of Sandisk in the first quarter worth approximately $25,000. Whittier Trust Co. bought a new stake in Sandisk during the 4th quarter valued at $26,000. Greenline Wealth Management LLC purchased a new stake in Sandisk during the 4th quarter valued at $26,000. Chung Wu Investment Group LLC purchased a new position in shares of Sandisk in the fourth quarter valued at about $27,000. Finally, Westfuller Advisors LLC raised its stake in shares of Sandisk by 51.8% during the fourth 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 during the last quarter.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wedbush upped their price target on Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Bank of America boosted their target price on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Jefferies Financial Group restated a “buy” rating and set a $1,400.00 target price on shares of Sandisk in a report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a research note on Friday, May 1st. Finally, Evercore set a $3,100.00 price target on shares of Sandisk in a report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,811.38.

Sandisk Trading Down 10.8%

Sandisk stock opened at $1,436.56 on Friday. The firm has a market cap of $212.74 billion, a price-to-earnings ratio of 49.93 and a beta of 4.74. The stock has a fifty day simple moving average of $1,754.03 and a two-hundred day simple moving average of $1,087.24. 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 quarterly earnings results 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. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion for the quarter. During the same period in the previous year, the company earned ($0.30) earnings per share. The company’s revenue for the quarter was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts forecast that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the transaction, the director owned 2,900 shares in the company, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the sale, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 6,225 shares of company stock worth $10,166,297 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk remains a major AI-storage beneficiary, with multiple recent articles highlighting strong demand for memory and enterprise storage tied to AI infrastructure spending and tight supply. Article Title
• Positive Sentiment: Analysts and traders are still focused on SanDisk’s upcoming fiscal Q4 earnings on August 5, with expectations for a large move and a chance for another earnings beat after a strong surprise history. Article Title
• Neutral Sentiment: New ETF products are being launched to trade the DRAM and memory rally, underscoring strong investor interest in the group, though this is more a sentiment signal than a direct catalyst for SanDisk. Article Title
• Neutral Sentiment: Options traders are pricing in a sizable post-earnings swing, reflecting elevated expectations and uncertainty heading into the report. Article Title
• Negative Sentiment: Memory and chip stocks are under pressure today, and SanDisk is being dragged lower by a sector-wide risk-off move after recent gains in AI-related semiconductors. Article Title
• Negative Sentiment: SanDisk has also pulled back sharply from recent highs, and some coverage now frames the move as a correction after an extended AI-driven rally. 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.