Sandisk Corporation $SNDK Holdings Lessened by Anatole Investment Management Ltd

Key Points

• Anatole Investment Management cut its Sandisk stake by 57.9% in the fourth quarter, selling 369,001 shares and leaving it with 268,489 shares worth about $63.7 million. Sandisk still represented roughly 10.5% of the fund’s holdings.
• Analysts remain broadly bullish on Sandisk, with multiple recent upgrades and price-target hikes, and the stock currently carries a Moderate Buy consensus rating. The average price target cited was $1,580.67.
• Despite strong earnings and revenue growth, some market watchers are warning the stock may be overheated. Sandisk beat quarterly EPS estimates sharply, but the shares were described by some commentators as overbought and vulnerable to a near-term pullback.

Anatole Investment Management Ltd trimmed its holdings in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 57.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,489 shares of the data storage provider's stock after selling 369,001 shares during the quarter. Sandisk accounts for approximately 10.5% of Anatole Investment Management Ltd's holdings, making the stock its 5th biggest holding. Anatole Investment Management Ltd owned approximately 0.18% of Sandisk worth $63,734,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SNDK. Whittier Trust Co. purchased a new stake in shares of Sandisk during the 4th quarter valued at about $26,000. Greenline Wealth Management LLC purchased a new stake in shares of Sandisk during the 4th quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sandisk during the 3rd quarter valued at about $27,000. Chung Wu Investment Group LLC purchased a new stake in shares of Sandisk during the 4th quarter valued at about $27,000. Finally, Parallel Advisors LLC purchased a new stake in shares of Sandisk during the 3rd quarter valued at about $30,000.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Arete Research raised shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. UBS Group set a $1,700.00 price objective on shares of Sandisk in a research report on Monday, May 4th. Evercore reissued an "outperform" rating and issued a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Susquehanna increased their price objective on shares of Sandisk from $2,000.00 to $3,250.00 and gave the stock a "positive" rating in a research report on Friday, May 29th. Finally, Mizuho increased their price objective on shares of Sandisk from $1,825.00 to $2,200.00 and gave the stock an "outperform" rating in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,580.67.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and bullish commentators say Sandisk is benefiting from accelerating AI memory demand, especially at the edge, where more AI-enabled devices need local storage. One recent upgrade argues this could support long-term growth and higher valuation. Sandisk: I Was Wrong, Edge AI Changes Everything (Rating Upgrade)
• Positive Sentiment: Another analysis says AI inference workloads could boost NAND demand through enterprise SSDs, supply agreements, and better margins, reinforcing the bull case for Sandisk’s storage cycle. Can AI Inference Workloads Accelerate NAND Demand for Sandisk?
• Neutral Sentiment: Coverage comparing top 2026 S&P 500 performers continues to spotlight Sandisk as a major AI-memory winner, which can keep investor attention high but does not add new company-specific fundamentals. AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
• Negative Sentiment: Carter Worth of Worth Charting warned that the memory-chip trade has gone “too far, too fast” and singled out Sandisk as the “most overbought stock ever,” encouraging traders to trim or hedge positions. Take Profits Now. Famous Chart Technician Says SanDisk is The “Most Overbought Stock Ever”
• Negative Sentiment: Additional articles note Sandisk slipping back after hitting a record high, reinforcing fears of a near-term pullback as investors lock in gains. SanDisk Is ‘the Most Overbought Stock in History,’ Says Polymarket

Sandisk Stock Down 1.6%

Shares of SNDK opened at $1,958.80 on Thursday. The company has a market cap of $290.08 billion, a price-to-earnings ratio of 68.08 and a beta of 4.87. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,167.33. The company has a 50 day moving average of $1,366.71 and a two-hundred day moving average of $791.01.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same quarter last year, the business 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. On average, sell-side analysts expect that Sandisk Corporation will post 64.01 EPS for the current year.

Insider Buying and Selling at Sandisk

In related news, Director Necip Sayiner sold 579 shares of the business's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director directly owned 2,900 shares in the company, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bernard Shek sold 600 shares of the business's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the transaction, the insider owned 32,232 shares of the company's stock, valued at $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 5,625 shares of company stock valued at $8,913,497. Company insiders own 0.21% of the company's stock.

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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