Memory chip maker SanDisk (SNDK) has become one of the market’s strongest AI-driven momentum stocks, with shares surging more than 500% year-to-date. The rally has been fueled by strong demand for flash memory and data center storage, along with a fiscal third-quarter earnings report that easily beat Wall Street expectations. Supported by higher pricing and tight global supply, SanDisk is increasingly becoming an important player in the AI infrastructure market. With the stock now trading near record highs, let’s take a look at the latest institutional ownership data to see who owns the stock.
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Two ETFs for long or short leverage on SNDKNow, according to TipRanks’ Ownership Tool, public companies and individual investors own 40.84% of SanDisk. They are followed by ETFs, mutual funds, other institutional investors, and insiders at 26.72%, 16.98%, 14.91%, and 0.56%, respectively.
Digging Deeper into SanDisk’s Ownership Structure
Looking closely at the top shareholders, Vanguard Index Funds owns the highest stake in SanDisk at 8.74%, followed by Vanguard with an 8.44% holding.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 3.13% stake in SNDK, while the Vanguard S&P 500 ETF (VOO) holds 2.58%.
Moving to mutual funds, Vanguard Index Funds holds about 8.74% of SanDisk. Meanwhile, Fidelity Mt. Vernon Street Trust owns 4.54% of the company.
Is SNDK a Good Stock to Buy?
Currently, Wall Street has a Strong Buy consensus rating on SanDisk stock based on 13 Buys and three Holds. The average SNDK stock price target of $1,516.88 indicates a modest upside potential of 2.58% following a stellar rally so far this year.
