IFM Investors 13F: New $61M Stake in Sandisk (SNDK)

IFM Investors opened a brand-new position in Sandisk Corporation (NasdaqGS: SNDK), picking up 34,993 shares valued at approximately $60.9 million. The disclosure came in a Form 13F filing with the SEC on October 14, 2026, reflecting the fund's holdings as of the end of the reporting period. Because 13F filings look backward, this report may not show the fund's current holdings today.

Inside IFM Investors's Sandisk Trade

The fund initiated a fresh stake of 34,993 shares in the computer hardware developer. No prior shares were held by the investor in this name, making it a brand-new addition to their portfolio.

Other Institutional Activity in Sandisk

Other large money managers also adjusted their positions in the hardware maker recently. Blackrock Inc. reduced its holdings by 108,196 shares, ending with 10,295,300 shares worth about $13.4 billion. Vanguard Capital Management LLC grew its holdings by 141,942 shares, ending with 9,668,255 shares worth about $12.6 billion. FMR, LLC cut its stake by 5,529,010 shares, wrapping up the period with 7,861,665 shares valued at about $10.2 billion. State Street Corporation grew its holdings by 353,395 shares, ending with 5,927,453 shares worth about $7.7 billion. Invesco Ltd. boosted its holdings by 4,445,117 shares, ending with 5,610,346 shares valued at about $7.3 billion.

Sandisk Corporation Stock Down 5.7%

Sandisk Corporation recently traded around $1,323.56 as of October 16, 2026. The stock trades above its 200-day moving average by about 10.3%, but sits 16.8% below its 50-day moving average. Shares have traveled between a 52-week low of $136.29 and a 52-week high of $2,354.39, putting the recent price about 43.8% below the peak.

Recent Earnings

For its trailing twelve-month period, Sandisk reported $20.25 billion in revenue and basic earnings of $73.76 per share. The company posted a net profit margin of 56.5% and a return on equity of 91.6%. Year-over-year revenue growth reached 371.6%. The company's next earnings update is scheduled for October 29, 2026.

Insider Buying and Selling at Sandisk Corporation

Company executives executed several stock transactions ahead of the filing. Officer Bernard Shek sold 2,308 shares on September 8, 2026, at an average price of $1,767.33 for a total value of about $4.1 million. Chief Executive Officer David V. Goeckeler disposed of 33,838 shares on September 14, 2026, valued at about $51.7 million, and later sold 33,841 shares on September 17, 2026, valued at about $53.3 million. Chief Financial Officer Lomelin Luis Felipe Visoso sold 1,000 shares on September 15, 2026, at an average price of $1,568.83 for a total of about $1.6 million.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock over recent months. RBC Capital maintained a Sector Perform rating with a $1,600.00 price target on August 14, 2026. Wells Fargo maintained an Equal-Weight rating with a $1,550.00 price target on the same day. Mizuho maintained an Outperform rating, raising its target to $1,875.00 on August 25, 2026, and later to $2,050.00 on October 6, 2026. Rosenblatt initiated coverage with a Buy rating and a $2,400.00 price target on September 22, 2026. Overall, the stock carries a consensus buy rating with a mean price target of $2,173.00 across 24 analyst opinions.

About Sandisk Corporation

Sandisk Corporation develops and manufactures data storage devices and tech solutions using NAND flash memory. Its products serve consumer and enterprise markets globally. Institutional interest in the hardware maker remains high as the firm approaches its next quarterly financial report.

Bottom Line

Investors will look toward Sandisk's upcoming earnings report on October 29, 2026, for further clues on profitability and demand. Future SEC filings will show whether institutional buyers like IFM Investors maintain or adjust their positions as market conditions shift. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.