Teachers Retirement System of The State of Kentucky Lowers Stock Holdings in Sandisk Corporation $SNDK

Teachers Retirement System of The State of Kentucky reduced its holdings in Sandisk Corporation (NASDAQ:SNDK) by 8.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,021 shares of the data storage provider’s stock after selling 1,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Sandisk were worth $7,002,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SNDK. Whittier Trust Co. acquired a new position in shares of Sandisk during the 4th quarter worth approximately $26,000. Greenline Wealth Management LLC acquired a new stake in Sandisk in the 4th quarter valued at $26,000. Chung Wu Investment Group LLC acquired a new stake in Sandisk in the 4th quarter valued at $27,000. Westfuller Advisors LLC increased its holdings in Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after acquiring an additional 43 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new stake in Sandisk in the 3rd quarter worth $30,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. KGI Securities started coverage on shares of Sandisk in a report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price objective on the stock. Royal Bank Of Canada upped their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Wells Fargo & Company raised their price target on shares of Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Finally, Morgan Stanley boosted their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $1,765.19.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,673.97 on Tuesday. The stock’s fifty day moving average is $1,737.85 and its two-hundred day moving average is $1,011.93. The firm has a market capitalization of $247.90 billion, a P/E ratio of 58.18 and a beta of 4.74. 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 earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) 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 business had revenue of $5.95 billion during the quarter. During the same period last year, the business earned ($0.30) earnings per share. The firm’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, sell-side analysts forecast that Sandisk Corporation will post 64.95 EPS for the current year.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Evercore ISI raised its price target on SanDisk to $3,100 and kept an Outperform rating, reinforcing the view that the company still has significant upside. SanDisk Stock Price Forecast: Why Evercore’s Amit Daryanani Raised SNDK’s Price Target by More Than 120%
• Positive Sentiment: Goldman Sachs also nearly doubled its SanDisk price target, adding to the bullish analyst sentiment around the stock. Goldman Sachs nearly doubles SanDisk stock price target for 2026
• Positive Sentiment: SanDisk was added to Zacks’ Rank #1 (Strong Buy) momentum list, and another Zacks piece said it still screens as cheap despite its huge year-to-date rally, which may attract value and momentum buyers. Best Momentum Stocks to Buy for July 13th
• Positive Sentiment: Commentary from strategists and analysts suggested the recent tech pullback could be a buying opportunity for SanDisk, with continued confidence in AI-driven demand and long-term storage growth. This Strategist Says the Tech Wreck Is Your Buy Signal: Micron and SanDisk on Sale?
• Neutral Sentiment: Several market updates focused on broader macro and pre-market weakness, including a red futures session and upcoming inflation data, which added to risk-off trading across tech stocks. Pre-Market in Red
• Negative Sentiment: SK Hynix’s weak outlook sparked a sector-wide selloff in memory names such as SanDisk, Micron, and Western Digital, weighing on SNDK shares today. Micron, SanDisk, Western Digital Fall 6% as SK Hynix’s Weak Outlook Rattles Memory Stocks

Insider Activity

In other Sandisk news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated 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 transaction, the insider directly owned 31,515 shares of the company’s stock, valued at $65,803,320. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction dated 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 $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 6,225 shares of company stock worth $10,166,297. Company insiders own 0.21% of the company’s stock.

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.