Y Intercept Hong Kong Ltd Invests $30.17 Million in Sandisk Corporation $SNDK

Y Intercept Hong Kong Ltd purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 47,480 shares of the data storage provider’s stock, valued at approximately $30,166,000. Sandisk makes up about 0.6% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 6th biggest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Roble Belko & Company Inc acquired a new position in Sandisk during the first quarter worth about $39,000. First United Bank & Trust acquired a new stake in shares of Sandisk during the 1st quarter valued at approximately $54,000. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk during the 4th quarter valued at approximately $26,000. Whittier Trust Co. purchased a new stake in shares of Sandisk during the 4th quarter worth approximately $26,000. Finally, Chung Wu Investment Group LLC purchased a new stake in shares of Sandisk during the 4th quarter worth approximately $27,000.

Insider Buying and Selling

In related news, CAO Michael Pokorny sold 2,446 shares of the business’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 completion of the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the completion of the transaction, the insider owned 31,515 shares in the company, valued at approximately $65,803,320. This trade represents a 1.87% 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 90 days, insiders have sold 6,225 shares of company stock worth $10,166,297. 0.21% of the stock is owned by company insiders.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk announced sampling of its BiCS10 1Tb TLC 3D NAND flash memory, highlighting higher density, better power efficiency, and faster interface speeds for data-intensive workloads. Article Title
• Positive Sentiment: China Renaissance raised its price target on Sandisk to $3,169, citing strong AI storage demand, while Bank of America also lifted its target to $2,500 and reiterated a buy rating. Article Title
• Neutral Sentiment: Market commentary continued to frame Sandisk as a high-volatility AI infrastructure winner, with some analysts arguing that recent swings may be creating buying opportunities on dips. Article Title
• Negative Sentiment: Investor rotation away from AI chip and memory hardware names has hit Sandisk, with traders shifting toward AI software and raising concerns about a temporary memory-sector pullback. Article Title
• Negative Sentiment: Heavy profit-taking and broader supply-glut fears in memory stocks also weighed on Sandisk, adding to the sector-wide decline despite the company’s strong fundamentals. Article Title
• Negative Sentiment: Insider Bernard Shek sold 600 shares under a pre-arranged 10b5-1 plan, which may add a little caution even though the sale was disclosed as routine. Article Title

Wall Street Analyst Weigh In

Several research firms recently weighed in on SNDK. Wedbush raised their price objective on Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada boosted their target price on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Wells Fargo & Company upped their target price on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Mizuho raised their price target on Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Finally, Bank of America lifted their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and a consensus price target of $1,684.24.

Sandisk Stock Performance

SNDK stock opened at $1,745.00 on Friday. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,354.39. The stock’s 50 day moving average price is $1,634.90 and its 200 day moving average price is $936.43. The firm has a market cap of $258.42 billion, a P/E ratio of 60.65 and a beta of 4.72.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results 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 company had revenue of $5.95 billion during the quarter. During the same period in the previous year, the business posted ($0.30) EPS. The business’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. On average, research analysts predict that Sandisk Corporation will post 64.01 earnings per share 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.