Apis Capital Advisors LLC Trims Stake in Sandisk Corporation $SNDK

Apis Capital Advisors LLC reduced its stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 32.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,000 shares of the data storage provider’s stock after selling 55,000 shares during the period. Sandisk accounts for approximately 4.8% of Apis Capital Advisors LLC’s holdings, making the stock its 7th largest holding. Apis Capital Advisors LLC’s holdings in Sandisk were worth $27,536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SNDK. Osaic Holdings Inc. bought a new position in shares of Sandisk in the 2nd quarter worth $317,000. Merit Financial Group LLC bought a new position in Sandisk during the third quarter worth about $408,000. Jones Financial Companies Lllp bought a new position in Sandisk during the third quarter worth about $134,000. ProShare Advisors LLC bought a new position in Sandisk during the third quarter worth about $269,000. Finally, Cibc World Market Inc. bought a new position in Sandisk during the third quarter worth about $923,000.

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,958.80 on Thursday. The stock’s 50-day simple moving average is $1,366.71 and its 200 day simple moving average is $791.01. The company has a market cap of $290.08 billion, a P/E ratio of 68.08 and a beta of 4.87. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,167.33.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The business had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s revenue was up 251.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts predict that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and bullish commentators say Sandisk is benefiting from accelerating AI memory demand, especially at the edge, where more AI-enabled devices need local storage. One recent upgrade argues this could support long-term growth and higher valuation. Sandisk: I Was Wrong, Edge AI Changes Everything (Rating Upgrade)
• Positive Sentiment: Another analysis says AI inference workloads could boost NAND demand through enterprise SSDs, supply agreements, and better margins, reinforcing the bull case for Sandisk’s storage cycle. Can AI Inference Workloads Accelerate NAND Demand for Sandisk?
• Neutral Sentiment: Coverage comparing top 2026 S&P 500 performers continues to spotlight Sandisk as a major AI-memory winner, which can keep investor attention high but does not add new company-specific fundamentals. AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
• Negative Sentiment: Carter Worth of Worth Charting warned that the memory-chip trade has gone “too far, too fast” and singled out Sandisk as the “most overbought stock ever,” encouraging traders to trim or hedge positions. Take Profits Now. Famous Chart Technician Says SanDisk is The “Most Overbought Stock Ever”
• Negative Sentiment: Additional articles note Sandisk slipping back after hitting a record high, reinforcing fears of a near-term pullback as investors lock in gains. SanDisk Is ‘the Most Overbought Stock in History,’ Says Polymarket

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SNDK shares. Morgan Stanley lifted their target price on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. UBS Group set a $1,700.00 target price on Sandisk in a report on Monday, May 4th. Finally, Cantor Fitzgerald lifted their target price on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,580.67.

Read Our Latest Research Report on SNDK

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,625 shares of company stock worth $8,913,497 in the last three months. Insiders own 0.21% of the company’s stock.

Sandisk 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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