FengHe Fund Management Pte. Ltd. Increases Stake in Sandisk Corporation $SNDK

Key Points

• FengHe increased its stake in Sandisk by 345.1% in Q4 to 431,700 shares (about $102.48 million), making SNDK its 4th-largest holding and ~5.8% of the fund's portfolio.
• SanDisk beat quarterly expectations with EPS of $6.20 vs. $3.31 est. and revenue of $3.03 billion (up 61.2% YoY), a performance that has boosted investor sentiment.
• Analysts have grown bullish—multiple upgrades and price‑target lifts have left a consensus of "Moderate Buy" with an average target near $791.05, fueled by expectations of durable AI-driven NAND demand.

FengHe Fund Management Pte. Ltd. grew its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 345.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 431,700 shares of the data storage provider's stock after purchasing an additional 334,700 shares during the quarter. Sandisk makes up about 5.8% of FengHe Fund Management Pte. Ltd.'s investment portfolio, making the stock its 4th largest position. FengHe Fund Management Pte. Ltd. owned 0.29% of Sandisk worth $102,477,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Westfuller Advisors LLC increased its position in shares of Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock valued at $30,000 after purchasing an additional 43 shares during the last quarter. Everhart Financial Group Inc. increased its position in shares of Sandisk by 3.4% during the 4th quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider's stock valued at $489,000 after purchasing an additional 67 shares during the last quarter. Assetmark Inc. increased its position in shares of Sandisk by 71.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider's stock valued at $42,000 after purchasing an additional 73 shares during the last quarter. Savvy Advisors Inc. increased its position in shares of Sandisk by 1.3% during the 4th quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider's stock valued at $1,645,000 after purchasing an additional 87 shares during the last quarter. Finally, Whittier Trust Co. bought a new position in shares of Sandisk during the 4th quarter valued at about $26,000.

Insider Transactions at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. This trade represents a 26.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.

Sandisk Price Performance

SNDK opened at $1,070.20 on Tuesday. The stock's 50 day simple moving average is $726.15 and its 200 day simple moving average is $454.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. Sandisk Corporation has a 1 year low of $31.01 and a 1 year high of $1,070.66. The firm has a market cap of $157.96 billion, a price-to-earnings ratio of -141.00 and a beta of 5.04.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. The firm's revenue was up 61.2% on a year-over-year basis. As a group, analysts predict that Sandisk Corporation will post 39.01 earnings per share for the current year.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Melius Research initiated coverage of SanDisk with a Buy rating, citing durable AI-driven memory demand that supports upside for NAND suppliers. Melius Initiates Coverage
• Positive Sentiment: Morgan Stanley raised estimates and its target ahead of Q3, which analysts say helped lift sentiment and intraday buying into earnings. Morgan Stanley Raises Estimates
• Positive Sentiment: CNBC and other outlets note sector momentum after Melius and peers argued memory demand will remain strong through 2030 — this narrative is pushing SNDK and peers higher. CNBC: Memory Demand to Remain High
• Positive Sentiment: Wells Fargo and several sell‑side shops have boosted price targets recently (Wells Fargo explicitly said it “missed” SanDisk), reinforcing buy-side conviction. Wells Fargo Lifts PT
• Positive Sentiment: Pre‑earnings previews expect strong Q3 results (Zacks flags revenue guidance ~$4.4B–$4.8B and $12–$14 non‑GAAP EPS) as AI tightens NAND supply — this sets a high bar but supports the bullish thesis if met. Zacks Pre-Q3 Preview
• Neutral Sentiment: Broader market commentary: Investopedia and others note that “the music’s playing” for AI/tech stocks — favorable tape for growth names but dependent on macro and Fed moves. Investopedia: AI Stocks Momentum
• Neutral Sentiment: Coverage roundup and price‑target lifts across the memory/storage space (Seagate, Western Digital) are reinforcing sector rotation into storage names; that sector heat is indirectly supporting SNDK. Barron's: Analyst Coverage
• Negative Sentiment: Risk/caution pieces highlight that the rally is momentum‑driven and could be parabolic: some analysts and social‑media summaries warn of sharp pullbacks if earnings disappoint or sentiment shifts; QuiverQuant flags insider selling activity. QuiverQuant Caution
• Negative Sentiment: Seeking Alpha analysis argues the AI memory bottleneck is shifting and the market may not yet be fully priced for that change — implying upside if thesis holds, but also risk if the market re‑rates. Seeking Alpha: Bottleneck Shifting

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Arete Research upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. UBS Group set a $1,000.00 price objective on Sandisk in a research report on Monday, February 2nd. Zacks Research upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 20th. KGI Securities began coverage on Sandisk in a research report on Wednesday, March 18th. They set an "outperform" rating and a $992.00 price objective on the stock. Finally, The Goldman Sachs Group raised their price target on Sandisk from $320.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $791.05.

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.

Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.