10,088 Shares of Sandisk Corporation $SNDK Purchased by Maxi Investments CY Ltd

Maxi Investments CY Ltd acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 10,088 shares of the data storage provider’s stock, valued at approximately $17,552,000. Sandisk accounts for approximately 3.2% of Maxi Investments CY Ltd’s investment portfolio, making the stock its 9th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNDK. BlackRock Inc. purchased a new position in shares of Sandisk during the 2nd quarter worth approximately $23,408,732,000. Situational Awareness LP lifted its holdings in shares of Sandisk by 42.4% in the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after buying an additional 743,325 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Sandisk by 71.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock valued at $2,425,811,000 after buying an additional 443,714 shares during the period. Amundi lifted its holdings in shares of Sandisk by 135.5% in the 1st quarter. Amundi now owns 872,632 shares of the data storage provider’s stock valued at $554,418,000 after buying an additional 502,166 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Sandisk by 33.3% in the third quarter. Assenagon Asset Management S.A. now owns 828,900 shares of the data storage provider’s stock valued at $1,442,195,000 after buying an additional 207,051 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SNDK. China Renaissance upped their price objective on Sandisk from $2,000.00 to $2,250.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. The Goldman Sachs Group reiterated a “buy” rating and issued a $2,200.00 price objective (up from $1,200.00) on shares of Sandisk in a research report on Thursday, August 13th. Rosenblatt Securities began coverage on Sandisk in a report on Tuesday, September 22nd. They issued a “buy” rating and a $2,400.00 target price for the company. BNP Paribas Exane decreased their target price on shares of Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Finally, Evercore reaffirmed an “outperform” rating and set a $3,100.00 price target (up from $1,400.00) on shares of Sandisk in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2,093.73.

Sandisk Trading Up 1.4%

Shares of Sandisk stock opened at $1,255.58 on Tuesday. The company has a 50-day moving average of $1,593.45 and a two-hundred day moving average of $1,227.63. Sandisk Corporation has a 12-month low of $164.56 and a 12-month high of $2,354.39. The stock has a market cap of $181.47 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.12 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. Sandisk’s revenue was up 371.6% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, sell-side analysts forecast that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its board has initiated a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $14 billion in outstanding shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its stock through open market purchases. Share buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Sandisk

In related news, CEO David Goeckeler sold 33,841 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the transaction, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at $602,709,911.65. This trade represents a 8.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of Sandisk stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the transaction, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 77,899 shares of company stock valued at $121,159,122. Company insiders own 0.29% of the company’s stock.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America’s view that memory customers are locking in supply for multiple years is lifting the broader memory and storage group, including Sandisk. The outlook suggests stronger demand visibility and pricing power. Bank of America memory-market article
• Positive Sentiment: Analysts remain constructive ahead of earnings, pointing to long-term agreements with hyperscale customers, margin protections and revenue visibility extending through 2029–2030. Sandisk earnings preview
• Positive Sentiment: Sandisk was included in a screen of companies with high net profit margins and strong expected earnings growth, reinforcing the bullish fundamental case. Zacks profitable stocks article
• Neutral Sentiment: Cantor Fitzgerald lowered its price target from $2,900 to $2,200 but retained an “overweight” rating, signaling reduced expectations while still forecasting substantial upside. Cantor Fitzgerald ratings
• Neutral Sentiment: Short-interest data showed zero shares sold short as of October 26, implying no measurable short-squeeze fuel and little evidence of meaningful bearish positioning.
• Negative Sentiment: The October 29 earnings report is expected to produce an outsized move, with options pricing at least a 10% potential swing. Investors will be watching whether demand remains above supply after the stock’s recent decline. Sandisk earnings volatility article
• Negative Sentiment: Reports highlighting industry supply-chain constraints and concerns that the AI-storage boom may be peaking remain risks, particularly if Sandisk’s guidance fails to validate continued tight supply. Sandisk supply-chain article

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.