MY.Alpha Management HK Advisors Ltd purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 107,560 shares of the data storage provider’s stock, valued at approximately $25,533,000. Sandisk comprises 13.7% of MY.Alpha Management HK Advisors Ltd’s holdings, making the stock its 3rd biggest holding.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk in the fourth quarter valued at approximately $26,000. Whittier Trust Co. acquired a new position in shares of Sandisk during the 4th quarter worth approximately $26,000. Chung Wu Investment Group LLC acquired a new position in shares of Sandisk during the 4th quarter worth approximately $27,000. Westfuller Advisors LLC raised its stake in 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 period. Finally, TD Private Client Wealth LLC raised its stake in 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 period.
Insider Buying and Selling at Sandisk
In related news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was 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 in the company, valued at approximately $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 5,625 shares of company stock worth $8,913,497. Insiders own 0.21% of the company’s stock.
Sandisk News Summary
- Positive Sentiment: Apple CEO Tim Cook’s comments about a severe memory shortage and unavoidable price hikes have strengthened the bullish case for memory-chip makers, reinforcing pricing power for SanDisk and helping lift the stock. Why Is SanDisk Stock Surging On Thursday?
- Positive Sentiment: New coverage said SanDisk may have more upside than Micron because AI-driven memory demand, strong pricing power, and rising data-center sales are still fueling growth momentum. Micron Gets the Headlines, But Sandisk Could Offer More Upside
- Positive Sentiment: Analysts continue to highlight SanDisk’s AI opportunity, with fresh commentary pointing to stronger earnings potential, estimate revisions, and long-term demand tied to AI infrastructure. Wall Street Sees More Upside for SanDisk Corporation (SNDK)’s AI Opportunity
- Neutral Sentiment: Articles focusing on SanDisk’s open-source SPRandom technology and faster SSD qualification suggest the company is trying to remove data-center bottlenecks, which could support adoption but is more of a long-term operational improvement than an immediate catalyst. How SanDisk (SNDK) Is Tackling AI Storage Bottlenecks With Faster SSD Qualification
- Negative Sentiment: Despite the rally, one market note warned that SanDisk may be overextended, with a price target implying downside after its extraordinary year-to-date gain, which could encourage profit-taking. Up 700% YTD, How High Can SanDisk Rally?
- Negative Sentiment: Commentary about an RSI near record levels and broader AI bubble fears suggests some traders are becoming wary that SanDisk’s valuation has run too far too fast. SanDisk RSI Hits Record 99, Fueling AI Bubble Fears Across Markets
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Citigroup raised their price target on Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Wedbush upped their price objective on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. UBS Group set a $1,700.00 price objective on shares of Sandisk in a research report on Monday, May 4th. Wells Fargo & Company raised their target price on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Evercore reaffirmed an “outperform” rating and set a $1,400.00 target price on shares of Sandisk in a report on Friday, May 1st. 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 company. Based on data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $1,580.67.
Read Our Latest Stock Report on Sandisk
Sandisk Price Performance
SNDK opened at $2,184.75 on Friday. The business has a fifty day simple moving average of $1,424.27 and a 200 day simple moving average of $814.48. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,191.69. The company has a market capitalization of $323.54 billion, a PE ratio of 75.94 and a beta of 4.87.
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share 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 in the previous year, the business earned ($0.30) EPS. The firm’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities analysts anticipate that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.
About Sandisk
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.
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