Cane Capital Partners LLC Invests $283,000 in Sandisk Corporation $SNDK

Cane Capital Partners LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 446 shares of the data storage provider’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new stake in shares of Sandisk during the 4th quarter worth $26,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk during the 4th quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Sandisk during the 3rd quarter worth approximately $27,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk during the fourth quarter valued at about $27,000. Finally, Westfuller Advisors LLC lifted its holdings in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the period.

Insiders Place Their Bets

In related news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Necip Sayiner sold 579 shares of the business’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 value of $870,300.69. Following the sale, the director directly owned 2,900 shares in the company, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,625 shares of company stock worth $8,913,497 over the last quarter. Company insiders own 0.21% of the company’s stock.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,500 from $2,100 and kept a Buy rating, citing tight NAND supply, stronger pricing, and demand that could remain elevated through 2027. Article Title
• Positive Sentiment: Bernstein also sharply boosted its outlook on Sandisk, with reports highlighting a much higher price target and confidence in the company’s contracts, earnings power, and the durability of the memory supercycle. Article Title
• Positive Sentiment: Analysts continue to point to Sandisk’s expanding QLC SSD portfolio, AI storage demand, and multi-year supply deals as support for longer-term growth. Article Title
• Neutral Sentiment: Several market commentary pieces noted that Sandisk has already run sharply higher this year, with some investors questioning whether valuations have gotten too stretched after the memory-stock rally. Article Title
• Neutral Sentiment: Sandisk’s recent earnings strength and bullish long-term guidance continue to support the stock, even as the market debates how much upside is already priced in.
• Negative Sentiment: Sandisk fell along with other memory-chip stocks in a broad semiconductor selloff, with investors locking in profits after a strong first half for the sector. Article Title
• Negative Sentiment: Reports also said a new class-action lawsuit against major memory chipmakers added pressure to the shares, reinforcing concerns about risk in the sector. Article Title

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $2,032.22 on Thursday. The firm has a market capitalization of $300.95 billion, a P/E ratio of 70.64 and a beta of 4.72. The stock has a 50 day moving average price of $1,618.07 and a 200-day moving average price of $925.59. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The business had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities analysts forecast that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SNDK. Citigroup lifted their price target on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a report on Friday, May 1st. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, Wedbush lifted their price objective on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and an average price target of $1,684.24.

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.