Vaughan Nelson Investment Management, L.P. Reduces $21M in Sandisk Corporation ($SNDK)

Vaughan Nelson trimmed its SNDK stake to 57,255 shares, valued at $115 million.

Written by Trueearnings · Published Jun 13, 2026, 5:38 AM EDT

Key Points

Vaughan Nelson Investment Management reduced its position in SNDK by 15%, selling 10,225 shares to hold 57,255 shares valued at $115 million.
Shares of SNDK traded around $2,008.57, with analysts maintaining a positive outlook and recent price targets ranging from $1,750 to $3,250.
Insiders including the Chief Legal Officer and the CTO sold shares recently, while several analysts reaffirmed buy ratings with high price targets.

Vaughan Nelson Investment Management, L.P. recently trimmed its holdings in SNDK, reducing its position by 15%. The firm sold 10,225 shares, bringing its total to 57,255 shares, valued at approximately $115 million. This information comes from the latest Form 13F filing, which reflects the firm's holdings as of the reporting period.

What Changed in Vaughan Nelson's SNDK Position

Vaughan Nelson cut its stake in SNDK from 67,480 shares to 57,255 shares, a decrease of 10,225 shares or about 15%. The value of this position is reported to be $115 million. This reduction indicates a shift in the firm's investment strategy for this particular stock.

Other Institutional Activity in SNDK

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

SNDK Stock Snapshot

Shares of SNDK traded near $2,008.57. The stock has experienced fluctuations with a 52-week low and high that aren't specified in the data. The recent trading activity includes a variety of price targets from analysts, reflecting diverse opinions on the stock's potential.

Insider Buying and Selling at Sandisk Corporation

Recent insider activity at SNDK shows several executives selling shares. On June 3, 2026, Bernard Shek, Chief Legal Officer & Secretary, sold 600 shares at $1,736 each 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, without a specified plan. Additionally, Chairman and CEO David Goeckeler sold 1,569 shares at $1,478.69 on May 25, 2026.

Analysts Set New Price Targets

Analysts have recently set new price targets for SNDK. On June 8, 2026, Mizuho maintained a buy rating with a target price of $2,200, while B of A Securities also maintained a buy rating with a $2,100 target. Cantor Fitzgerald continued its buy rating with a higher target of $2,900. Earlier, on May 27, 2026, Barclays upgraded the stock to a buy with a target of $2,300. The consensus among analysts remains positive with a range of buy ratings.

About SNDK

SNDK is a company operating in the technology sector, primarily focusing on data storage solutions. It designs, manufactures, and sells a variety of flash memory products used in consumer electronics, enterprise storage, and other applications. The company is known for its innovation in the storage space, providing solutions that power many of today's digital devices.

Bottom Line

Vaughan Nelson's decision to reduce its stake in SNDK by 15% reflects a strategic adjustment in its investment portfolio. Investors often monitor 13F filings like this one to gauge institutional sentiment and potential market movements. While insider selling can attract attention, it's essential to consider the broader context, including analyst ratings and market conditions.