M&T Bank Corp Has $1.60 Million Position in Sandisk Corporation $SNDK

Key Points

• M&T Bank Corp increased its stake in SanDisk by 81.9% in the fourth quarter, ending with 6,738 shares valued at about $1.6 million.
• Wall Street sentiment remains broadly positive, with several firms lifting price targets; recent calls ranged from $1,200 to $1,800, and the consensus rating is still Moderate Buy.
• SanDisk reported a major earnings beat, posting $23.41 EPS on $5.95 billion in revenue, with revenue surging 251% year over year and management guiding for strong Q4 2026 EPS.

M&T Bank Corp grew its stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 81.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,738 shares of the data storage provider's stock after buying an additional 3,034 shares during the period. M&T Bank Corp's holdings in Sandisk were worth $1,600,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Westfuller Advisors LLC raised its position 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 valued at $30,000 after buying an additional 43 shares during the last quarter. Everhart Financial Group Inc. raised its position in shares of Sandisk by 3.4% during the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider's stock valued at $489,000 after buying an additional 67 shares during the last quarter. Assetmark Inc. raised its position in shares of Sandisk by 71.6% during the fourth quarter. Assetmark Inc. now owns 175 shares of the data storage provider's stock valued at $42,000 after buying an additional 73 shares during the last quarter. Savvy Advisors Inc. raised its position in shares of Sandisk by 1.3% during the fourth quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider's stock valued at $1,645,000 after buying an additional 87 shares during the last quarter. Finally, Whittier Trust Co. acquired a new position in Sandisk in the fourth quarter worth about $26,000.

Analysts Set New Price Targets

SNDK has been the subject of several recent research reports. Barclays increased their price target on shares of Sandisk from $750.00 to $1,200.00 and gave the stock an "equal weight" rating in a research report on Friday, May 1st. Mizuho set a $1,220.00 price target on shares of Sandisk in a research report on Friday, May 1st. The Goldman Sachs Group reissued a "buy" rating and issued a $1,200.00 price target on shares of Sandisk in a research report on Friday, May 1st. Jefferies Financial Group reissued a "buy" rating and issued a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Finally, Wall Street Zen raised shares of Sandisk from a "buy" rating to a "strong-buy" rating in a research report on Saturday, January 31st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,065.81.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Shares are benefiting from the broad AI memory supercycle trade, as investors rotate into SanDisk and Micron on expectations that AI data-center demand will keep memory supply tight and pricing strong. SanDisk Did In Months What Nvidia Took 9 Years To Pull Off — And The Chart Looks Almost Unreal
• Positive Sentiment: Wall Street sentiment remains bullish after Cantor Fitzgerald raised its price target on SanDisk to $1,800 and Goldman Sachs lifted its target to $1,200, reinforcing the view that the stock still has room to run after its strong earnings beat and raised outlook. Why Sandisk Corporation (SNDK) is One of the Top Stock Giants That Were Suddenly On Fire in April Goldman Sachs Raises its Price Target on SanDisk (SNDK) to $1,200
• Positive Sentiment: Analyst chatter and media coverage are increasingly framing SanDisk as a leading beneficiary of AI infrastructure spending, including reports that the company has locked in major AI-related deals and could still nearly double from current levels if the memory boom persists. SanDisk to $2,000: Why This Analyst Is Betting SNDK Stock Can Still Almost Double — And Putting Up the Highest Price Target on Wall Street SanDisk stock surges 10% after locking in $42 billion in AI deals
• Neutral Sentiment: Some commentary suggests the move is getting stretched after an enormous run, with options activity and short-interest concerns signaling that traders may be preparing for volatility even if the longer-term thesis remains intact. Sandisk: The Options Market Is Pricing A Big Selloff (Technical Analysis)
• Negative Sentiment: Near-term pullbacks have been tied to bubble concerns and short-selling pressure, with some investors warning the AI rally may be overheated even as others still see further upside. Why Is SanDisk Stock Falling On Thursday?

Sandisk Trading Up 16.6%

NASDAQ SNDK opened at $1,562.34 on Friday. The firm has a market cap of $231.37 billion, a price-to-earnings ratio of 54.30 and a beta of 4.82. The company has a 50 day moving average of $797.19 and a 200-day moving average of $500.60. Sandisk Corporation has a 1-year low of $35.79 and a 1-year high of $1,564.00.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business's quarterly revenue was up 251.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, analysts forecast that Sandisk Corporation will post 63.93 earnings per share for the current year.

Insider Buying and Selling at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director owned 9,907 shares of the company's stock, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company's stock.

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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