Prudential PLC Invests $8.66 Million in Sandisk Corporation $SNDK

Prudential PLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 36,464 shares of the data storage provider’s stock, valued at approximately $8,656,000.

Several other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of Sandisk by 20.2% in the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 37 shares during the period. Composition Wealth LLC increased its position in shares of Sandisk by 0.4% in the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after acquiring an additional 41 shares during the period. Westfuller Advisors LLC increased its position in shares of Sandisk by 51.8% in the 4th 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 period. IFP Advisors Inc increased its position in shares of Sandisk by 4.8% in the 4th quarter. IFP Advisors Inc now owns 1,042 shares of the data storage provider’s stock valued at $247,000 after acquiring an additional 48 shares during the period. Finally, Everhart Financial Group Inc. increased its position in shares of Sandisk by 3.4% in the 4th quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock valued at $489,000 after acquiring an additional 67 shares during the period.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst commentary remains constructive, with reports citing bullish views on Sandisk and Morgan Stanley lifting its price target by 59%, signaling expectations for further upside from AI-driven memory demand. SNDK stock hits record high: Morgan Stanley raises PT by 59%, sees further upside ahead
• Positive Sentiment: Several bullish pieces argue Sandisk’s AI storage opportunity is still early, highlighting strong recent revenue growth, high margins, and a favorable memory-supply backdrop that could support fundamentals. Sandisk’s AI Storage Moment Is Just Getting Started
• Neutral Sentiment: Market commentary notes Sandisk was among the standout semiconductor winners this year, but that outsized rally is also making the shares more vulnerable to profit-taking and valuation concerns. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
• Neutral Sentiment: Another article suggests analysts still see Sandisk as a key AI memory beneficiary, reinforcing the long-term demand story even as short-term trading turns volatile. These Experts Say the Memory-Stock Runup May Not Be Over Yet
• Negative Sentiment: Friday’s selloff appears driven by a “parabolic” unwind in semiconductor leaders, with Sandisk and peers Micron and Marvell sliding as investors reduce exposure to overheated AI trades. Micron, Sandisk stocks slide as traders exit high-flying AI plays
• Negative Sentiment: New competition concerns and softer sentiment across tech hardware added to the weakness, suggesting near-term momentum could fade if the sector rotation continues. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,559.32 on Friday. Sandisk Corporation has a one year low of $38.53 and a one year high of $1,861.00. The firm has a market cap of $230.92 billion, a price-to-earnings ratio of 54.20 and a beta of 4.87. The firm’s fifty day moving average is $1,174.63 and its two-hundred day moving average is $695.82.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating 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 for the quarter. During the same period in the previous year, the company posted ($0.30) earnings per share. Sandisk’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. As a group, equities research analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the sale, the insider directly owned 32,232 shares of the company’s stock, valued at approximately $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 directly owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,625 shares of company stock valued at $8,913,497 in the last three months. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

SNDK has been the topic of several research reports. KGI Securities initiated coverage on Sandisk in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 target price on the stock. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a research report on Friday, May 1st. Susquehanna upped their target price on Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Evercore reissued an “outperform” rating and issued a $1,400.00 target price on shares of Sandisk in a research report on Friday, May 1st. Finally, Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,398.27.

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.