Norges Bank Takes $518.89 Million Position in Sandisk Corporation $SNDK

Norges Bank acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 2,185,899 shares of the data storage provider’s stock, valued at approximately $518,889,000.

Several other institutional investors also recently made changes to their positions in the stock. Larson Financial Group LLC grew its holdings in shares of Sandisk by 20.2% during the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock worth $52,000 after purchasing an additional 37 shares during the period. Composition Wealth LLC grew its holdings in shares of Sandisk by 0.4% during the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after purchasing an additional 41 shares during the period. Westfuller Advisors LLC grew 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 purchasing an additional 43 shares during the period. IFP Advisors Inc grew its holdings in shares of Sandisk by 4.8% during the 4th quarter. IFP Advisors Inc now owns 1,042 shares of the data storage provider’s stock worth $247,000 after purchasing an additional 48 shares during the period. Finally, Everhart Financial Group Inc. grew its holdings in shares of Sandisk by 3.4% during the 4th quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock worth $489,000 after purchasing an additional 67 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SNDK. The Goldman Sachs Group reiterated a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a report on Friday, May 1st. Cantor Fitzgerald upped their price target on shares of Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Melius Research set a $2,350.00 price target on shares of Sandisk in a research report on Monday, May 18th. Citigroup upped their price target on shares of Sandisk from $1,300.00 to $2,025.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Finally, Sanford C. Bernstein upped their price target on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $1,368.73.

Sandisk Price Performance

NASDAQ SNDK opened at $1,694.98 on Monday. The stock has a market cap of $251.01 billion, a PE ratio of 58.91 and a beta of 4.88. Sandisk Corporation has a fifty-two week low of $36.21 and a fifty-two week high of $1,708.83. The business has a 50 day moving average price of $1,073.33 and a two-hundred day moving average price of $647.37.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share 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 return on equity of 44.06% and a net margin of 34.19%.The firm’s revenue was up 251.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts anticipate that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Susquehanna raised its price target on Sandisk to $3,250 from $2,000 and reiterated a positive view, reinforcing the bullish case that the stock still has substantial upside. Article Title
• Positive Sentiment: Mizuho also lifted its target on SNDK and kept an outperform rating, adding to the broader analyst momentum behind the shares. Article Title
• Positive Sentiment: Investors are betting that Sandisk’s QLC Stargate product could become a new revenue growth driver, with shipments targeted for Q4 FY26 to meet AI data-center storage demand beyond traditional SSD products. Article Title
• Positive Sentiment: Market commentary continues to frame Sandisk as a prime beneficiary of the AI infrastructure boom, especially because agentic AI and other workloads require far more memory capacity, tightening supply and supporting pricing power. Article Title

Insider Transactions at Sandisk

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.