Monolith Management Ltd Takes $3.83 Million Position in Sandisk Corporation $SNDK

Monolith Management Ltd purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,112 shares of the data storage provider’s stock, valued at approximately $3,825,000. Sandisk accounts for approximately 1.4% of Monolith Management Ltd’s holdings, making the stock its 14th biggest holding.

Several other institutional investors have also recently made changes to their positions in SNDK. Vanguard Group Inc. acquired a new stake in Sandisk in the 3rd quarter valued at approximately $1,970,388,000. State Street Corp increased its holdings in Sandisk by 20.7% in the 4th quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock valued at $1,253,728,000 after purchasing an additional 904,933 shares during the last quarter. Geode Capital Management LLC increased its holdings in Sandisk by 44.9% in the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock valued at $866,310,000 after purchasing an additional 1,133,276 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Sandisk by 31.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock valued at $825,608,000 after purchasing an additional 828,332 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Sandisk by 7.2% in the 4th quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock valued at $705,105,000 after purchasing an additional 199,545 shares during the last quarter.

Sandisk Trading Down 5.5%

Shares of SNDK stock opened at $1,991.55 on Wednesday. The firm has a fifty day moving average price of $1,342.03 and a 200 day moving average price of $778.73. The company has a market cap of $294.93 billion, a P/E ratio of 69.22 and a beta of 4.87. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,167.33.

Sandisk (NASDAQ:SNDK) last issued its 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 firm had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities analysts forecast that Sandisk Corporation will post 64.01 EPS for the current year.

Insider Activity

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 value of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the company’s 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 of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 5,625 shares of company stock worth $8,913,497. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SNDK has been the subject of several research reports. Wells Fargo & Company lifted their target price on shares of Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Wedbush lifted their target price on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings downgraded shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a report on Friday, May 1st. Finally, Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and an average target price of $1,580.67.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and industry coverage continue to highlight strong AI-related demand for memory and NAND storage, including AI inference workloads, enterprise SSDs, and edge-AI devices that could keep driving Sandisk’s revenue growth. Article: Can AI Inference Workloads Accelerate NAND Demand for Sandisk?
• Positive Sentiment: One article upgraded Sandisk to Buy, arguing that edge AI is creating explosive local storage demand and could justify significantly higher valuation if growth stays strong. Article: Sandisk: I Was Wrong, Edge AI Changes Everything (Rating Upgrade)
• Positive Sentiment: Memory and storage stocks have been among the top performers in 2026, with SanDisk benefiting from the broader AI memory trade and tighter supply conditions across the sector. Article: AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
• Neutral Sentiment: The stock hit a new all-time high before retreating, suggesting some investors are taking profits after an extended surge rather than reacting to a change in fundamentals. Article: SanDisk Stock (SNDK) Retreats After Hitting a New All-Time High
• Negative Sentiment: Several market-watch articles say SNDK may be one of the most overbought stocks in history, raising the risk of a sharper correction if momentum traders start heading for the exits. Article: SanDisk Is ‘the Most Overbought Stock in History,’ Says Polymarket
• Negative Sentiment: Bearish commentary argues the memory supercycle may not last as long as investors expect, which could temper enthusiasm for Sandisk’s stretched valuation. Article: Sandisk: The Supercycle Won’t Last As Long As Investors Hope

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.