Dymon Asia Capital Singapore PTE. LTD. Buys 24,768 Shares of Sandisk Corporation $SNDK

Dymon Asia Capital Singapore PTE. LTD. lifted its holdings in Sandisk Corporation (NASDAQ:SNDK) by 245.5% in the fourth quarter, Holdings Channel reports. The fund owned 34,855 shares of the data storage provider’s stock after purchasing an additional 24,768 shares during the quarter. Sandisk makes up 0.8% of Dymon Asia Capital Singapore PTE. LTD.’s holdings, making the stock its 13th biggest holding. Dymon Asia Capital Singapore PTE. LTD.’s holdings in Sandisk were worth $8,274,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Greenline Wealth Management LLC bought a new position in shares of Sandisk in the 4th quarter valued at about $26,000. Whittier Trust Co. bought a new position in shares of Sandisk in the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new position in shares of Sandisk in the 4th quarter valued at about $27,000. Westfuller Advisors LLC lifted its holdings in shares of Sandisk by 51.8% in the 4th 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 during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Sandisk by 137.9% in the 4th quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after acquiring an additional 80 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SNDK shares. Evercore reaffirmed an “outperform” rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Wedbush raised their price objective on shares of Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein raised their price objective on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, Citigroup raised their price objective on shares of Sandisk from $1,300.00 to $2,025.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and a consensus target price of $1,580.67.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,100 and kept a Buy rating, signaling confidence that the AI memory demand trend still has room to run. SanDisk Stock’s 5,000% Rally Hasn’t Stopped This Analyst: Is $2,100 Next?
• Positive Sentiment: Another analyst update also boosted sentiment, with BofA’s Wamsi Mohan reportedly lifting his target to $2,100 on the view that Sandisk remains well positioned in the memory market. This Analyst Just Upped the Price Target on SanDisk Stock. Here’s Why.
• Positive Sentiment: Shares also rose on a broader rebound in memory stocks after SK Hynix’s capacity plan lifted optimism around supply-demand balance in the sector. SanDisk Jumps 14%, Western Digital Climbs 6% as Memory Stocks Rebound on SK Hynix’s Capacity Plan
• Positive Sentiment: Market commentary continues to frame SNDK as an AI growth winner, with traders and analysts highlighting strong memory demand and expanding AI infrastructure exposure. SanDisk Stock (SNDK) Is Up 692% YTD. AI Analyst Raises Price Target and Still Sees More Upside Ahead
• Neutral Sentiment: Some media coverage is focused mainly on the stock’s extraordinary year-to-date surge and valuation, which may keep investor attention high but does not add a new operational catalyst. SanDisk skyrockets over 692% YTD, yet SNDK stock still appears reasonably valued

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the transaction, the insider directly owned 32,232 shares of the company’s stock, valued at approximately $55,954,752. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the transaction, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 5,625 shares of company stock valued at $8,913,497. 0.21% of the stock is owned by insiders.

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $1,980.10 on Friday. The company has a market cap of $293.23 billion, a P/E ratio of 68.83 and a beta of 4.87. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,021.65. The firm has a 50-day simple moving average of $1,288.10 and a two-hundred day simple moving average of $749.25.

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. The business had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts expect that Sandisk Corporation will post 64.01 EPS for the current year.

Sandisk 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.