Pacer Advisors Inc. Takes $2.62 Million Position in Sandisk Corporation $SNDK

by · The Markets Daily

Pacer Advisors Inc. purchased a new position in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 11,055 shares of the data storage provider’s stock, valued at approximately $2,624,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Greenline Wealth Management LLC bought a new stake in Sandisk during the fourth quarter valued at about $26,000. Whittier Trust Co. bought a new position in Sandisk in the fourth quarter worth about $26,000. Chung Wu Investment Group LLC bought a new position in Sandisk in the fourth quarter worth about $27,000. Westfuller Advisors LLC lifted its position in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after buying an additional 43 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Sandisk by 137.9% during the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after buying an additional 80 shares during the last quarter.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

  • Positive Sentiment: SanDisk continues to benefit from the long-term AI storage story, with several articles highlighting that AI is “fundamentally” changing the NAND market and supporting stronger data-center memory demand. Article Title
  • Positive Sentiment: Recent coverage also points to continued optimism around SanDisk’s AI-driven pure-play NAND positioning, which has helped fuel a major rerating in the stock. Article Title
  • Neutral Sentiment: One analyst commentary argues the current selling is mainly profit-taking after a parabolic run in AI memory stocks, suggesting investors are rotating rather than abandoning the sector. Article Title
  • Neutral Sentiment: Another report says the broader memory-stock rally stalled as tech selling spread to new markets and industries, pressuring the group as a whole. Article Title
  • Negative Sentiment: SanDisk is being sold along with Micron and Western Digital amid fears of an AI bubble, high AI spending, and rate-hike risks, which are weighing on sentiment for memory-chip stocks. Article Title
  • Negative Sentiment: A separate report says Tuesday’s sharp drop was amplified by a Korean market crash that hit memory-chip names across the sector. Article Title

Sandisk Stock Down 13.6%

Shares of Sandisk stock opened at $1,963.60 on Wednesday. The company has a 50 day moving average price of $1,474.95 and a 200 day moving average price of $845.76. The firm has a market capitalization of $290.79 billion, a P/E ratio of 68.25 and a beta of 4.88. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion for the quarter. During the same period in the prior year, the firm posted ($0.30) EPS. The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts anticipate that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SNDK has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a report on Friday, May 1st. Bank of America increased their target price on shares of Sandisk from $1,550.00 to $2,100.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Jefferies Financial Group restated a “buy” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Melius Research set a $2,350.00 price target on shares of Sandisk in a report on Monday, May 18th. Finally, Evercore reaffirmed an “outperform” rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,580.67.

Check Out Our Latest Research Report on SNDK

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the sale, the insider directly owned 32,232 shares of the company’s stock, valued at $55,954,752. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 5,625 shares of company stock valued at $8,913,497. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Company Profile

(Free Report)

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.

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