Boston Trust Walden Corp Takes $212,000 Position in Sandisk Corporation $SNDK

Boston Trust Walden Corp purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to its most recent filing with the SEC. The firm purchased 333 shares of the data storage provider’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SNDK. Roble Belko & Company Inc acquired a new stake in Sandisk in the first quarter worth $39,000. First United Bank & Trust acquired a new position in shares of Sandisk in the 1st quarter valued at $54,000. Greenline Wealth Management LLC acquired a new position in shares of Sandisk in the 4th quarter valued at $26,000. Whittier Trust Co. bought a new stake in shares of Sandisk in the 4th quarter valued at $26,000. Finally, Chung Wu Investment Group LLC bought a new stake in shares of Sandisk in the 4th quarter valued at $27,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk announced it has started production of its 10th-generation 3D flash memory with Kioxia at the Kitakami plant, and separately said it is sampling BiCS10 1Tb TLC 3D NAND. Both updates point to higher density, better power efficiency, and more capacity for data-center and AI workloads. Article Title Article Title
• Positive Sentiment: Analysts remained constructive on Sandisk, with China Renaissance lifting its price target sharply on strong AI storage demand and Bank of America raising its target to $2,500 while keeping a buy rating. Article Title
• Positive Sentiment: Commentary from several outlets says the recent selloff may be a pullback after a huge first-half rally, with some investors viewing the weakness as a buying opportunity rather than a change in the underlying growth thesis. Article Title
• Neutral Sentiment: MarketBeat’s week-in-review noted Sandisk as a poster child for tech-sector volatility, reflecting how much the stock can swing on sector rotation and sentiment shifts. Article Title
• Negative Sentiment: Sandisk shares have been hit by a broader selloff in AI chip and memory stocks as investors rotate toward AI software, and some reports also cite profit-taking and memory supply-glut fears. Article Title Article Title
• Negative Sentiment: Insider Bernard Shek sold 600 shares under a pre-arranged 10b5-1 plan, a routine filing but still a mild caution flag for sentiment. Article Title

Insider Buying and Selling at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,225 shares of company stock valued at $10,166,297 over the last ninety days. 0.21% of the stock is currently owned by company insiders.

Sandisk Stock Performance

Shares of Sandisk stock opened at $1,745.00 on Friday. The firm has a market cap of $258.42 billion, a PE ratio of 60.65 and a beta of 4.74. The business’s 50 day simple moving average is $1,650.22 and its 200 day simple moving average is $942.09. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping 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 during the quarter. During the same period last year, the company earned ($0.30) EPS. The company’s revenue was up 251.0% compared to the same quarter last year. 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 64.01 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Evercore restated an “outperform” rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Mizuho raised their price target on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Finally, Morgan Stanley lifted their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,684.24.

Sandisk Company 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.