Arrowstreet Capital Limited Partnership Sells 654,032 Shares of Sandisk Corporation $SNDK

Arrowstreet Capital Limited Partnership trimmed its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 18.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,823,970 shares of the data storage provider’s stock after selling 654,032 shares during the period. Sandisk accounts for approximately 1.0% of Arrowstreet Capital Limited Partnership’s holdings, making the stock its 13th largest holding. Arrowstreet Capital Limited Partnership’s holdings in Sandisk were worth $1,794,181,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. bought a new stake in shares of Sandisk during the first quarter worth $25,000. Whittier Trust Co. bought a new position in shares of Sandisk in the fourth quarter valued at about $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk in the fourth quarter valued at about $26,000. Chung Wu Investment Group LLC acquired a new position in Sandisk during the 4th quarter worth about $27,000. Finally, Parallel Advisors LLC acquired a new position in Sandisk during the 3rd quarter worth about $30,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and market commentators highlighted Sandisk as a potential winner from AI infrastructure spending, tight memory supply, and stronger NAND pricing, reinforcing the bull case for higher earnings power. Article Title
• Positive Sentiment: Reports said memory prices remain elevated and could continue rising, which is important for Sandisk’s margins and revenue outlook. Article Title
• Positive Sentiment: Several bullish pieces argued Sandisk still has room to run after its huge 2026 rally, citing enterprise SSD growth, AI-related storage demand, and a discounted valuation relative to its growth story. Article Title
• Neutral Sentiment: With earnings approaching, investors are focused on whether Sandisk can keep beating expectations and justify its elevated valuation. Article Title
• Neutral Sentiment: Some coverage flagged a broader sector pause and profit-taking, explaining why SNDK has also seen intraday volatility despite the bullish long-term narrative. Article Title
• Negative Sentiment: At least one analyst cut a price target on SNDK, which may be pressuring sentiment even as the stock remains near record levels. Article Title
• Negative Sentiment: Susquehanna also reportedly lowered its target, suggesting some analysts think the stock’s recent run has outpaced near-term fundamentals. Article Title

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group set a $1,700.00 price objective on shares of Sandisk in a report on Monday, May 4th. Evercore set a $3,100.00 target price on shares of Sandisk in a research report on Monday, July 13th. Jefferies Financial Group reissued a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $1,811.38.

Sandisk Trading Up 0.7%

Sandisk stock opened at $1,610.33 on Friday. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,354.39. The company has a market cap of $238.47 billion, a PE ratio of 55.97 and a beta of 4.74. The company’s 50-day moving average is $1,753.46 and its two-hundred day moving average is $1,084.78.

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 the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the firm earned ($0.30) EPS. The firm’s quarterly 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. Research analysts forecast that Sandisk Corporation will post 64.52 EPS for the current year.

Insider Buying and Selling at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the company’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 sale, the director owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the sale, the insider owned 31,515 shares of the company’s stock, valued at $65,803,320. The trade was a 1.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is currently owned by corporate insiders.

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.