Melqart Asset Management UK Ltd Buys Shares of 148,837 Sandisk Corporation $SNDK

Key Points

• Melqart Asset Management UK opened a new position in Sandisk, buying 148,837 shares worth about $16.7 million — roughly 2.2% of Melqart’s portfolio and about 0.10% of Sandisk outstanding, making it Melqart’s 18th-largest holding.
• Analysts have sharply raised targets and ratings on Sandisk (consensus "Moderate Buy"), with an average price target of $542.85 and notable raises to as high as $750 (Barclays) and $700 (Goldman Sachs).
• Sandisk reported a strong quarter (EPS $6.20 vs $3.31 est., revenue $3.03B, +61.2% YoY) and is benefiting from AI-driven NAND demand, though some analysts warn the stock’s rapid rally and rich valuation increase downside risk.

Melqart Asset Management UK Ltd purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 148,837 shares of the data storage provider's stock, valued at approximately $16,700,000. Sandisk comprises 2.2% of Melqart Asset Management UK Ltd's investment portfolio, making the stock its 18th biggest holding. Melqart Asset Management UK Ltd owned about 0.10% of Sandisk as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sandisk during the third quarter worth $27,000. CVA Family Office LLC acquired a new position in Sandisk in the third quarter valued at $28,000. Parallel Advisors LLC acquired a new position in Sandisk in the third quarter valued at $30,000. Covestor Ltd bought a new stake in Sandisk during the third quarter valued at $37,000. Finally, Cromwell Holdings LLC acquired a new stake in Sandisk during the 3rd quarter worth about $39,000.

Analysts Set New Price Targets

SNDK has been the subject of several research analyst reports. Sanford C. Bernstein lifted their price objective on Sandisk from $300.00 to $580.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 14th. Bank of America raised their target price on Sandisk from $300.00 to $390.00 and gave the stock a "buy" rating in a research note on Wednesday, January 7th. The Goldman Sachs Group lifted their target price on Sandisk from $320.00 to $700.00 and gave the stock a "buy" rating in a report on Friday, January 30th. Wall Street Zen raised Sandisk from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 31st. Finally, Barclays increased their price target on Sandisk from $385.00 to $750.00 and gave the stock an "equal weight" rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sandisk has a consensus rating of "Moderate Buy" and an average price target of $542.85.

Sandisk Stock Performance

SNDK opened at $661.62 on Friday. Sandisk Corporation has a 1-year low of $27.89 and a 1-year high of $725.00. The company has a market cap of $97.66 billion and a price-to-earnings ratio of -87.17. The company's fifty day moving average price is $541.07 and its two-hundred day moving average price is $297.64. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, topping the consensus estimate of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. Sandisk's revenue was up 61.2% on a year-over-year basis.

Insider Transactions at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction dated 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 completion of the transaction, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company's stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sector-wide NAND shortage + AI demand — analysts and market commentary point to a structural NAND supply deficit driven by AI infrastructure spending, which is lifting pricing and investor optimism for flash-memory suppliers like SanDisk. SanDisk Climbs 6% as Sector-Wide Memory Shortage Fuels Fresh Investor Optimism
• Positive Sentiment: Strategic industry collaboration — SanDisk joined SK Hynix on initiatives to develop high‑bandwidth flash for AI, signaling product roadmaps aligned with hyperscaler needs and potential preferential design wins. Sandisk Joins SK Hynix To Shape High Bandwidth Flash For AI
• Positive Sentiment: Company guidance and results support growth thesis — management has signaled accelerated NAND growth and Sandisk’s recent quarterly beat (EPS and revenue well above estimates) underpin expectations for stronger margins and cash generation. SanDisk Corp. (SNDK) projects accelerated growth for NAND
• Positive Sentiment: Bullish analyst/market commentary — buy-side pieces (e.g., Seeking Alpha) argue the rally has more room, citing product pipeline wins (Gen5 TLC, BiCS8) and hyperscaler adoption that should expand the data‑center SSD mix. Sandisk May Not Be Peaking Yet - Buy
• Neutral Sentiment: Industry ecosystem strength — suppliers and equipment makers (e.g., Aehr Test Systems) are seeing AI-driven orders for wafer/package testing; this validates higher NAND activity but is an indirect positive for SanDisk. AEHR Keeps Winning: Up +100% With Memory Chip Deal Potential (SNDK)
• Neutral Sentiment: Investor visibility from conferences — Sandisk’s Cantor conference presentation provides management detail and helped reinforce the story, but it’s incremental vs. earnings and industry supply dynamics. Sandisk Corporation (SNDK) Presents at 2026 Cantor Global Technology & Industrial Growth Conference Transcript
• Negative Sentiment: Valuation caution — some analysts warn SNDK’s rapid >1,000% YTD+ move has left a rich valuation and high sales multiple, raising the risk that near‑term outperformance is already priced in and that volatility/mean reversion could follow. Sandisk Surges on AI Storage Demand: Is the Rally Already Priced in?

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.

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