Clal Insurance Enterprises Holdings Ltd Has $73.70 Million Stock Position in Sandisk Corporation $SNDK

Clal Insurance Enterprises Holdings Ltd lowered its stake in Sandisk Corporation (NASDAQ:SNDK) by 65.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 116,000 shares of the data storage provider’s stock after selling 223,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Sandisk were worth $73,699,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Valley Wealth Managers Inc. acquired a new stake in Sandisk during the first quarter worth about $25,000. Whittier Trust Co. bought a new position in Sandisk in the 4th quarter valued at about $26,000. Greenline Wealth Management LLC acquired a new position in shares of Sandisk in the 4th quarter valued at approximately $26,000. Chung Wu Investment Group LLC acquired a new position in shares of Sandisk in the 4th quarter valued at approximately $27,000. Finally, Westfuller Advisors LLC lifted its holdings in shares of Sandisk by 51.8% during 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 during the period.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SNDK. Mizuho increased their price target on shares of Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Melius Research set a $2,350.00 price target on Sandisk in a report on Monday, May 18th. Susquehanna upped their price objective on Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Wedbush upped their price objective on Sandisk from $1,200.00 to $2,000.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada raised their price objective on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,803.29.

Insider Buying and Selling

In related news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, 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. The disclosure for this sale is available in the SEC filing. Insiders sold 6,225 shares of company stock valued at $10,166,297 in the last quarter. 0.21% of the stock is currently owned by company insiders.

Sandisk Trading Up 14.3%

NASDAQ:SNDK opened at $1,589.40 on Wednesday. The stock’s 50-day moving average is $1,745.86 and its 200-day moving average is $1,065.78. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,354.39. The stock has a market cap of $235.37 billion, a P/E ratio of 55.25 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion during the quarter. During the same quarter last year, the business 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. As a group, equities analysts forecast that Sandisk Corporation will post 64.52 EPS for the current year.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory-chip stocks are rebounding broadly, with SanDisk cited as one of the leaders as investors buy the dip following last week’s selloff and a recent memory-stock rout. Article Title
• Positive Sentiment: UBS said the forced selling in AI and semiconductor names may be close to ending, which could allow investors to rebuild positions in the sector and support a rebound in Sandisk shares. Article Title
• Positive Sentiment: Analyst and investor commentary remains constructive, including a Bernstein reiterated bullish stance and Seeking Alpha’s view that Sandisk could be a long-term “Strong Buy” due to stronger margins and AI infrastructure demand. Article Title
• Positive Sentiment: Broader market headlines say the AI trade is regaining momentum, with chip stocks leading the rebound and investors looking past recent geopolitical worries. Article Title

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.