Public Employees Retirement System of Ohio Grows Stock Position in Sandisk Corporation $SNDK

Public Employees Retirement System of Ohio lifted its holdings in Sandisk Corporation (NASDAQ:SNDK) by 19.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,905 shares of the data storage provider’s stock after purchasing an additional 7,898 shares during the period. Public Employees Retirement System of Ohio’s holdings in Sandisk were worth $31,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SNDK. State Street Corp bought a new stake in Sandisk during the third quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in Sandisk in the third quarter worth approximately $297,293,000. Norges Bank bought a new position in Sandisk in the fourth quarter worth approximately $518,889,000. Bank of America Corp DE purchased a new position in shares of Sandisk during the 3rd quarter worth $190,425,000. Finally, AQR Capital Management LLC bought a new stake in shares of Sandisk during the 3rd quarter valued at $163,057,000.

Analysts Set New Price Targets

SNDK has been the subject of several analyst reports. Sanford C. Bernstein upped their price objective on Sandisk from $1,700.00 to $3,000.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Raymond James Financial reiterated an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a research report on Friday, May 1st. Citigroup boosted their price target on Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Weiss Ratings cut Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Susquehanna decreased their price objective on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,811.38.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk remains a major AI-storage beneficiary, with multiple recent articles highlighting strong demand for memory and enterprise storage tied to AI infrastructure spending and tight supply. Article Title
• Positive Sentiment: Analysts and traders are still focused on SanDisk’s upcoming fiscal Q4 earnings on August 5, with expectations for a large move and a chance for another earnings beat after a strong surprise history. Article Title
• Neutral Sentiment: New ETF products are being launched to trade the DRAM and memory rally, underscoring strong investor interest in the group, though this is more a sentiment signal than a direct catalyst for SanDisk. Article Title
• Neutral Sentiment: Options traders are pricing in a sizable post-earnings swing, reflecting elevated expectations and uncertainty heading into the report. Article Title
• Negative Sentiment: Memory and chip stocks are under pressure today, and SanDisk is being dragged lower by a sector-wide risk-off move after recent gains in AI-related semiconductors. Article Title
• Negative Sentiment: SanDisk has also pulled back sharply from recent highs, and some coverage now frames the move as a correction after an extended AI-driven rally. Article Title

Insiders Place Their Bets

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of the 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 transaction of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on 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 sale, the insider owned 31,515 shares in the company, valued at approximately $65,803,320. The trade was a 1.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,225 shares of company stock valued at $10,166,297 in the last 90 days. 0.21% of the stock is currently owned by company insiders.

Sandisk Stock Down 10.8%

Shares of Sandisk stock opened at $1,436.56 on Friday. The company has a market capitalization of $212.74 billion, a price-to-earnings ratio of 49.93 and a beta of 4.74. The stock’s 50-day simple moving average is $1,754.03 and its 200-day simple moving average is $1,087.24. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the business posted ($0.30) EPS. The business’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. On average, equities analysts expect that Sandisk Corporation will post 64.52 earnings per share for the current year.

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.