61,000 Shares in Sandisk Corporation $SNDK Purchased by Ardmore Road Asset Management LP

Ardmore Road Asset Management LP acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 1st quarter, Holdings Channel reports. The fund acquired 61,000 shares of the data storage provider’s stock, valued at approximately $38,756,000. Sandisk accounts for about 2.6% of Ardmore Road Asset Management LP’s investment portfolio, making the stock its 9th largest holding.

Other large investors have also bought and sold shares of the company. Valley Wealth Managers Inc. purchased a new stake in shares of Sandisk during the first quarter valued at $25,000. Whittier Trust Co. bought a new position in Sandisk during the 4th quarter valued at about $26,000. Greenline Wealth Management LLC purchased a new stake in shares of Sandisk during the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk in the fourth quarter worth approximately $27,000. Finally, Westfuller Advisors LLC grew 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 acquiring an additional 43 shares during the period.

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 Stock Performance

NASDAQ SNDK opened at $1,436.56 on Monday. The company has a market capitalization of $212.74 billion, a PE ratio of 49.93 and a beta of 4.74. The business’s fifty day moving average is $1,754.03 and its 200 day moving average is $1,092.96. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The business had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts forecast that Sandisk Corporation will post 64.52 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SNDK shares. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Royal Bank Of Canada raised their price target on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Melius Research set a $2,350.00 price objective on Sandisk in a research report on Monday, May 18th. Wedbush upped their price objective 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. Finally, Mizuho increased their target price on Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,811.38.

Insider Buying and Selling

In related news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction 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. This represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,225 shares of company stock valued at $10,166,297 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

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.