State of New Jersey Common Pension Fund D Trims Position in Sandisk Corporation $SNDK

State of New Jersey Common Pension Fund D trimmed its holdings in Sandisk Corporation (NASDAQ:SNDK) by 3.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 47,961 shares of the data storage provider’s stock after selling 1,732 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sandisk were worth $11,385,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SNDK. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the second quarter valued at about $317,000. Farther Finance Advisors LLC purchased a new stake in shares of Sandisk in the third quarter valued at about $108,000. Perigon Wealth Management LLC purchased a new stake in shares of Sandisk in the third quarter valued at about $338,000. Ethic Inc. purchased a new stake in shares of Sandisk in the third quarter valued at about $744,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Sandisk in the third quarter valued at about $4,047,000.

Insider Activity

In other news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by company insiders.

Sandisk Trading Up 8.3%

Shares of Sandisk stock opened at $1,187.00 on Friday. Sandisk Corporation has a 52-week low of $33.05 and a 52-week high of $1,189.24. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The company’s 50-day simple moving average is $753.17 and its 200-day simple moving average is $469.58. The firm has a market cap of $175.20 billion, a price-to-earnings ratio of -156.39 and a beta of 4.83.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 48.85%. The business had revenue of $5.95 billion for the quarter. During the same quarter last year, the firm earned ($0.30) earnings per share. The company’s 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 research analysts anticipate that Sandisk Corporation will post 47.45 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SNDK shares. KGI Securities started coverage on shares of Sandisk in a report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 target price for the company. Bank of America upped their target price on shares of Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wedbush upped their target price on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays upped their target price on shares of Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Benchmark boosted their price target on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,011.05.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q3 results — revenue jumped ~251% to $5.95B and non‑GAAP EPS of $23.41 materially beat estimates; management issued very strong Q4 guidance (EPS $30–33; revenue $7.75B–$8.25B), underpinning the rally. SanDisk Earnings Crush Estimates With 251% Revenue Surge
• Positive Sentiment: Company announced a $6B share buyback and reported multiple long‑term contracts (reports cite large multi‑year agreements backed by firm commitments), which reduce cyclicality and improve revenue visibility. Sandisk has thumping quarter on AI boom, secures long-term contracts and unveils big buyback
• Positive Sentiment: Margins surged (GAAP and non‑GAAP gross margins expanded sharply) driven by datacenter NAND pricing and product mix toward higher‑value SSDs — a near‑term earnings multiplier amid AI infrastructure buildout. SNDK’s Q3 Earnings Beat Estimates, Revenues Rise on Datacenter Surge
• Positive Sentiment: Analysts are revising models and raising targets after the print (examples: Cantor Fitzgerald, Wells Fargo), which supports further upside consensus. Wall Street revises Sandisk stock price target
• Neutral Sentiment: Company is shifting to a “new business model” with multi‑year contracts and guarantees that analysts say reduce cyclicality — important strategically but dependent on long‑term execution. Sandisk’s new business model improves visibility, reduces cyclicality: analysts
• Neutral Sentiment: Options and technical positioning had priced in a huge move heading into earnings (high volatility expected); some post‑print moves reflect that positioning more than a change to fundamentals. SanDisk Q3 Earnings Preview: Wall Street Braces for 21% Post-Report Swing
• Negative Sentiment: “Sell‑the‑news” / profit‑taking pressure and short‑term pullbacks followed the report in some sessions despite the beats — a common reaction after a parabolic run and heavy pre‑earnings positioning. Sandisk stock falls despite strong earnings report as investors ‘sell the news’
• Negative Sentiment: Concerns remain about how sustainable extreme margin levels and NAND pricing gains will be once supply tightness eases — commentators and some analysts flagged margin durability as a key risk. The Watchlist Panel: AI Demand vs. Supply Crunch
• Negative Sentiment: One shop (RBC) raised its target but kept a conservative “sector perform” stance, implying limited near‑term upside from current levels — a reminder of divergent Street views. Benzinga report on RBC price target

About Sandisk

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.