Pictet Asset Management Holding SA Buys 34,147 Shares of Sandisk Corporation $SNDK

Key Points

• Pictet Asset Management increased its stake in Sandisk by 176.3%, buying 34,147 shares to hold 53,518 shares valued at about $12.7 million at quarter-end.
• SanDisk posted a blowout quarter — revenue rose 251% to $5.95 billion and non‑GAAP EPS was $23.41 (well above estimates), and management set strong Q4 guidance (EPS $30–33) while announcing a $6 billion buyback and multi‑year contracts.
• The stock jumped (roughly +8.3%), analysts have raised targets and ratings with a consensus price target near $1,011 and a "Moderate Buy" average, though some caution about the sustainability of current margin levels.

Pictet Asset Management Holding SA raised its stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 176.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,518 shares of the data storage provider's stock after acquiring an additional 34,147 shares during the quarter. Pictet Asset Management Holding SA's holdings in Sandisk were worth $12,704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. bought a new stake in Sandisk during the 4th quarter valued at $26,000. Westfuller Advisors LLC boosted its position in 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 acquiring an additional 43 shares in the last quarter. Assetmark Inc. boosted its position in 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 acquiring an additional 73 shares in the last quarter. Blue Trust Inc. boosted its position in Sandisk by 411.4% during the 4th quarter. Blue Trust Inc. now owns 179 shares of the data storage provider's stock valued at $42,000 after acquiring an additional 144 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sandisk during the 3rd quarter valued at $27,000.

Sandisk Stock Up 8.3%

Sandisk stock opened at $1,187.00 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The business has a fifty day moving average price of $753.17 and a 200-day moving average price of $469.58. Sandisk Corporation has a 1-year low of $33.05 and a 1-year high of $1,189.24. The stock has a market capitalization of $175.20 billion, a price-to-earnings ratio of -156.39 and a beta of 4.83.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 48.85% and a net margin of 34.19%.The firm had revenue of $5.95 billion for the quarter. During the same period in the previous year, the company earned ($0.30) earnings per share. Sandisk's revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts forecast that Sandisk Corporation will post 47.45 EPS for the current fiscal year.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q3 results — revenue jumped ~251% to $5.95B and non‑GAAP EPS of $23.41 materially beat estimates; management issued very strong Q4 guidance (EPS $30–33; revenue $7.75B–$8.25B), underpinning the rally. SanDisk Earnings Crush Estimates With 251% Revenue Surge
• Positive Sentiment: Company announced a $6B share buyback and reported multiple long‑term contracts (reports cite large multi‑year agreements backed by firm commitments), which reduce cyclicality and improve revenue visibility. Sandisk has thumping quarter on AI boom, secures long-term contracts and unveils big buyback
• Positive Sentiment: Margins surged (GAAP and non‑GAAP gross margins expanded sharply) driven by datacenter NAND pricing and product mix toward higher‑value SSDs — a near‑term earnings multiplier amid AI infrastructure buildout. SNDK's Q3 Earnings Beat Estimates, Revenues Rise on Datacenter Surge
• Positive Sentiment: Analysts are revising models and raising targets after the print (examples: Cantor Fitzgerald, Wells Fargo), which supports further upside consensus. Wall Street revises Sandisk stock price target
• Neutral Sentiment: Company is shifting to a “new business model” with multi‑year contracts and guarantees that analysts say reduce cyclicality — important strategically but dependent on long‑term execution. Sandisk's new business model improves visibility, reduces cyclicality: analysts
• Neutral Sentiment: Options and technical positioning had priced in a huge move heading into earnings (high volatility expected); some post‑print moves reflect that positioning more than a change to fundamentals. SanDisk Q3 Earnings Preview: Wall Street Braces for 21% Post-Report Swing
• Negative Sentiment: “Sell‑the‑news” / profit‑taking pressure and short‑term pullbacks followed the report in some sessions despite the beats — a common reaction after a parabolic run and heavy pre‑earnings positioning. Sandisk stock falls despite strong earnings report as investors 'sell the news'
• Negative Sentiment: Concerns remain about how sustainable extreme margin levels and NAND pricing gains will be once supply tightness eases — commentators and some analysts flagged margin durability as a key risk. The Watchlist Panel: AI Demand vs. Supply Crunch
• Negative Sentiment: One shop (RBC) raised its target but kept a conservative “sector perform” stance, implying limited near‑term upside from current levels — a reminder of divergent Street views. Benzinga report on RBC price target

Insider Activity

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

Analyst Ratings Changes

SNDK has been the subject of several analyst reports. Arete Research upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. Wedbush raised their price objective on Sandisk from $740.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wells Fargo & Company raised their price objective on Sandisk from $975.00 to $1,250.00 and gave the stock an "equal weight" rating in a research report on Friday. Benchmark raised their price objective on Sandisk from $260.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada raised their price objective on Sandisk from $650.00 to $1,000.00 and gave the stock a "sector perform" rating in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Sandisk presently has an average rating of "Moderate Buy" and a consensus price target of $1,011.05.

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.

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