3,810 Shares in Sandisk Corporation $SNDK Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,810 shares of the data storage provider’s stock, valued at approximately $904,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. acquired a new stake in Sandisk in the fourth quarter valued at approximately $26,000. Chung Wu Investment Group LLC acquired a new stake in Sandisk in the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC grew its position in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Torren Management LLC acquired a new stake in Sandisk in the fourth quarter valued at approximately $37,000. Finally, Assetmark Inc. grew its position in Sandisk by 71.6% in the fourth quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock valued at $42,000 after acquiring an additional 73 shares in the last quarter.

Sandisk Price Performance

Shares of SNDK opened at $1,562.34 on Friday. The business’s fifty day moving average price is $797.19 and its 200 day moving average price is $500.60. Sandisk Corporation has a 12-month low of $35.79 and a 12-month high of $1,564.00. The stock has a market capitalization of $231.37 billion, a PE ratio of 54.30 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data 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 return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion for the quarter. During the same quarter last year, the business earned ($0.30) earnings per share. The business’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, research analysts anticipate that Sandisk Corporation will post 63.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SNDK. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Barclays increased their price objective on shares of Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Benchmark increased their price objective on shares of Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,470.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Finally, Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and an average price target of $1,065.81.

Insider Transactions at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Shares are benefiting from the broad AI memory supercycle trade, as investors rotate into SanDisk and Micron on expectations that AI data-center demand will keep memory supply tight and pricing strong. SanDisk Did In Months What Nvidia Took 9 Years To Pull Off — And The Chart Looks Almost Unreal
• Positive Sentiment: Wall Street sentiment remains bullish after Cantor Fitzgerald raised its price target on SanDisk to $1,800 and Goldman Sachs lifted its target to $1,200, reinforcing the view that the stock still has room to run after its strong earnings beat and raised outlook. Why Sandisk Corporation (SNDK) is One of the Top Stock Giants That Were Suddenly On Fire in April Goldman Sachs Raises its Price Target on SanDisk (SNDK) to $1,200
• Positive Sentiment: Analyst chatter and media coverage are increasingly framing SanDisk as a leading beneficiary of AI infrastructure spending, including reports that the company has locked in major AI-related deals and could still nearly double from current levels if the memory boom persists. SanDisk to $2,000: Why This Analyst Is Betting SNDK Stock Can Still Almost Double — And Putting Up the Highest Price Target on Wall Street SanDisk stock surges 10% after locking in $42 billion in AI deals
• Neutral Sentiment: Some commentary suggests the move is getting stretched after an enormous run, with options activity and short-interest concerns signaling that traders may be preparing for volatility even if the longer-term thesis remains intact. Sandisk: The Options Market Is Pricing A Big Selloff (Technical Analysis)
• Negative Sentiment: Near-term pullbacks have been tied to bubble concerns and short-selling pressure, with some investors warning the AI rally may be overheated even as others still see further upside. Why Is SanDisk Stock Falling On Thursday?

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.