2,100 Shares in Sandisk Corporation $SNDK Purchased by Polianta Ltd

Key Points

• Polianta Ltd opened a new position in SanDisk during the first quarter, buying 2,100 shares valued at about $1.334 million.
• SanDisk is benefiting from strong AI- and memory-demand tailwinds, with recent commentary citing pricing power, data-center growth, and potential upside versus peers like Micron.
• The stock has had a huge run-up, but some market notes warn it may be overextended; meanwhile, analysts remain broadly bullish, with a consensus Moderate Buy rating and a $1,580.67 price target.

Polianta Ltd acquired a new position in Sandisk Corporation (NASDAQ:SNDK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,100 shares of the data storage provider's stock, valued at approximately $1,334,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNDK. Whittier Trust Co. purchased a new stake in shares of Sandisk during the 4th quarter worth approximately $26,000. Greenline Wealth Management LLC purchased a new position in Sandisk in the fourth quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sandisk during the third quarter valued at $27,000. Chung Wu Investment Group LLC bought a new position in Sandisk during the fourth quarter valued at $27,000. Finally, Westfuller Advisors LLC increased its position in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock worth $30,000 after buying an additional 43 shares during the last quarter.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• 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

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley boosted their target price on Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Wednesday, June 3rd. Mizuho increased their price target on Sandisk from $1,825.00 to $2,200.00 and gave the stock an "outperform" rating in a research note on Monday, June 8th. Melius Research set a $2,350.00 price objective on Sandisk in a report on Monday, May 18th. KGI Securities initiated coverage on Sandisk in a research note on Wednesday, March 18th. They issued an "outperform" rating and a $992.00 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $1,400.00 price objective 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 given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,580.67.

Insider Buying and Selling

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

Sandisk Price Performance

Shares of SNDK stock opened at $2,184.75 on Friday. The company's fifty day simple moving average is $1,424.27 and its two-hundred day simple moving average is $814.48. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,191.69. The stock has a market capitalization of $323.54 billion, a price-to-earnings ratio of 75.94 and a beta of 4.87.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts' consensus estimates of $14.17 by $9.24. The firm 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 revenue was up 251.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts anticipate that Sandisk Corporation will post 64.01 EPS for the current 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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