iA Global Asset Management Inc. Sells 44,170 Shares of Sandisk Corporation $SNDK

iA Global Asset Management Inc. decreased its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 49.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,190 shares of the data storage provider’s stock after selling 44,170 shares during the period. iA Global Asset Management Inc.’s holdings in Sandisk were worth $10,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. bought a new position in shares of Sandisk during the third quarter valued at approximately $1,970,388,000. State Street Corp bought a new position in shares of Sandisk during the third quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk during the third quarter valued at approximately $297,293,000. Bank of America Corp DE bought a new position in shares of Sandisk during the third quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC bought a new position in shares of Sandisk during the third quarter valued at approximately $163,057,000.

Sandisk Stock Performance

Shares of SNDK stock opened at $1,407.61 on Monday. Sandisk Corporation has a 12-month low of $35.79 and a 12-month high of $1,600.00. The firm’s 50 day moving average is $899.12 and its 200 day moving average is $555.71. The stock has a market capitalization of $208.45 billion, a P/E ratio of 48.93 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last issued 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 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 quarter in the prior year, the business posted ($0.30) EPS. The company’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. As a group, equities analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the sale, the director owned 2,900 shares in the company, valued at $4,359,019. This represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 6,525 shares of company stock worth $6,555,092. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SNDK. UBS Group set a $1,700.00 target price on shares of Sandisk in a research note on Monday, May 4th. Sanford C. Bernstein increased their price target on shares of Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Wells Fargo & Company increased their price target on shares of Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. KGI Securities started coverage on shares of Sandisk in a report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price target on the stock. Finally, Mizuho set a $1,220.00 price target on shares of Sandisk in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,065.81.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk is being viewed as a key beneficiary of the AI infrastructure trade, with strong enterprise SSD and datacenter demand supporting the bull case. Sandisk Rides on Strong Datacenter Revenues: More Upside Ahead?
• Positive Sentiment: Commentary continues to highlight the strength of the memory rally and argue that Sandisk’s stock could still have room to rise, reinforcing momentum sentiment. Sandisk Price Prediction: Has the Rally Gone Too Far?
• Positive Sentiment: Recent market chatter says S&P upgraded Sandisk after it repaid all debt, built a $3.7 billion cash pile, and authorized a $6 billion buyback plan, all of which support the stock. What's Going On With Sandisk Stock Thursday?
• Positive Sentiment: Analysts have continued lifting price targets, showing confidence in Sandisk’s earnings power and growth outlook. SanDisk (SNDK) price target increased by 44.34% to 1,248.91
• Neutral Sentiment: Sandisk said it is rejecting an unsolicited “mini-tender” offer from Tutanota LLC, which appears immaterial to operations but underscores how much attention the stock has drawn after its sharp run-up. Sandisk Recommends Stockholders Reject “Mini-Tender” Offer by Tutanota LLC
• Neutral Sentiment: An insider sale by the chief accounting officer was disclosed, but it looks more routine than alarming and does not change the fundamental outlook. Top SanDisk Executive Makes Major Move With Insider Stock Sale
• Negative Sentiment: Some recent commentary warns the rally may be stretched, leaving Sandisk vulnerable to volatility if sentiment cools or investors start taking profits.

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.