Vaughan Nelson Investment Management, L.P. Reduces $20M in Sandisk Corporation ($SNDK)

Vaughan Nelson Investment Management, L.P. has cut its stake in Sandisk Corporation (NasdaqGS: SNDK) by 15.2%. The firm sold 10,225 shares, bringing its total holdings to 57,255 shares. This position was valued at approximately $113.3 million as of the first quarter of 2026, according to the latest Form 13F filing with the SEC.

What Changed in Vaughan Nelson's Sandisk Position

Vaughan Nelson trimmed its investment in Sandisk Corporation, reducing its holdings from 67,480 shares down to 57,255 shares. This reduction of 10,225 shares represents a 15.2% decrease in their stake. The remaining shares are valued at about $113.3 million.

Other Institutional Activity in Sandisk

Several other institutional investors have also adjusted their positions in Sandisk. FMR LLC reduced its holdings by 8,076,300 shares, ending with 13,389,985 shares valued at approximately $8.51 billion. BlackRock, Inc. increased its stake by 779,039 shares to 10,403,455 shares worth around $6.61 billion. Vanguard Capital Management LLC added 9,526,119 shares, bringing its total to the same number with a value of about $6.05 billion. State Street Corp grew its position by 292,330 shares, holding 5,573,852 shares valued at $3.54 billion. Geode Capital Management, LLC also increased its holdings by 556,912 shares, ending with 4,212,772 shares worth $2.67 billion.

Sandisk Corporation Stock Snapshot

Shares of Sandisk Corporation (NasdaqGS: SNDK) recently traded around $1,979.04. The company boasts a market cap of $293.2 billion and a P/E ratio of 67.6, with a forward P/E of 10.8. Sandisk's stock has a 52-week low of $40.10 and a high of $2,021.65. The 50-day moving average stands at $1,293.36, while the 200-day moving average is $573.06. The company has a strong current ratio of 4.78 and a quick ratio of 3.43.

Recent Earnings

Sandisk Corporation reported revenue of $13.18 billion, reflecting a growth of 2.51%. The company's net margin is 34.19%, and it has a return on equity of 39.3%. Sandisk is scheduled to announce its next earnings on August 24, 2026.

Insider Buying and Selling at Sandisk Corporation

There have been several insider transactions at Sandisk Corporation. Bernard Shek, Chief Legal Officer & Secretary, sold 600 shares on June 3, 2026, at an average price of $1,736 under a planned sale. Alper Ilkbahar, EVP and Chief Technology Officer, sold 2,694 shares on June 2, 2026, and 2,000 shares on June 1, 2026, at an average price of $1,756.58. CEO David Goeckeler sold 1,569 shares on May 25, 2026, at $1,478.69.

Analysts Set New Price Targets

On June 8, 2026, Mizuho maintained its 'buy' rating on Sandisk with a price target of $2,200. B of A Securities also maintained a 'buy' rating with a $2,100 target on the same day. Cantor Fitzgerald echoed a 'buy' stance, setting a target at $2,900. Earlier, on May 27, Barclays upgraded the stock to a 'buy' with a $2,300 target. The consensus among 22 analysts is a 'buy' rating, with a mean price target of $1,751.32.

About Sandisk Corporation

Sandisk Corporation, headquartered in Milpitas, California, is a technology company specializing in data storage devices and solutions using NAND flash technology. It develops and sells solid-state drives, flash-based embedded storage, and removable memory cards for various applications, including mobile phones, automotive, and industrial uses. Led by CEO David V. Goeckeler, Sandisk operates globally with a workforce of approximately 11,000 employees.

Bottom Line

Vaughan Nelson's decision to reduce its stake in Sandisk Corporation is notable, reflecting a change in its investment strategy. Investors closely watch such filings, though they are backward-looking and may not represent current positions. Sandisk remains a significant player in the technology sector, with strong analyst support and a robust financial profile.