Sandisk Corporation $SNDK Shares Acquired by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC boosted its position in Sandisk by 30.1% in Q4 to 4,289 shares (about $1.02M), while major institutions — including Vanguard, State Street, Arrowstreet, Bank of America and AQR — established large new stakes in Q3 worth hundreds of millions to billions.
• Sandisk posted a blockbuster quarter with EPS of $23.41 (vs. $14.17 est.) and revenue of $5.95B (up 251% YoY) and announced roughly $42B in long‑term AI supply deals, driving multiple analyst price‑target raises (e.g., Cantor $1,800; Barclays $1,200) and pushing the stock near record highs (~$1,410).
• Market and technical risks remain: options implied volatility is very high (~107%) with heavy put activity signaling downside hedging, and analysts caution that long‑term contracts and potential NAND price normalization could limit further margin upside.

Sanctuary Advisors LLC grew its holdings in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 30.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,289 shares of the data storage provider's stock after buying an additional 992 shares during the quarter. Sanctuary Advisors LLC's holdings in Sandisk were worth $1,018,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SNDK. Vanguard Group Inc. acquired a new stake in shares of Sandisk in the 3rd quarter valued at approximately $1,970,388,000. State Street Corp acquired a new stake in shares of Sandisk in the 3rd quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in Sandisk in the 3rd quarter valued at approximately $297,293,000. Bank of America Corp DE purchased a new position in Sandisk in the 3rd quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC purchased a new position in Sandisk in the 3rd quarter valued at approximately $163,057,000.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SNDK shares. Barclays raised their price objective on Sandisk from $750.00 to $1,200.00 and gave the company an "equal weight" rating in a research note on Friday, May 1st. Cantor Fitzgerald raised their price objective on Sandisk from $1,400.00 to $1,800.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Citigroup raised their price objective on Sandisk from $980.00 to $1,300.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Evercore reaffirmed an "outperform" rating and issued a $1,400.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Finally, Arete Research raised Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. Three equities 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,065.81.

Sandisk Stock Up 0.3%

NASDAQ SNDK opened at $1,409.98 on Thursday. Sandisk Corporation has a fifty-two week low of $33.13 and a fifty-two week high of $1,439.70. The stock has a market cap of $208.80 billion, a price-to-earnings ratio of 49.01 and a beta of 4.82. The business has a fifty day moving average of $783.16 and a 200-day moving average of $492.15.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts' consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same period last year, the firm earned ($0.30) earnings per share. The business's revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts anticipate that Sandisk Corporation will post 50.53 EPS for the current year.

Insider Buying and Selling at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the business'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 completion of the transaction, the director directly owned 9,907 shares of the company's stock, valued at $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk announced or locked in roughly $42 billion in long‑term AI supply deals, underpinning revenue visibility and supporting outsized gross margins — a major catalyst behind the recent runup. SanDisk Surges 10% After Locking In $42B
• Positive Sentiment: Company fundamentals look strong: recent quarterly results showed large revenue/margin beats and management set aggressive EPS guidance, giving investors confidence in near‑term profitability. Sandisk Put A Collar On It, For Now
• Positive Sentiment: Analysts have been raising price targets on AI/memory names including SanDisk as chip shortages and AI demand lift near‑term earnings expectations — a technical tailwind for the stock. Analyst Price Target Raises
• Positive Sentiment: Media/celebrity endorsement (Jim Cramer) and broad memory‑stock momentum have amplified buying interest, contributing to recent record highs and heightened retail/institutional attention. Jim Cramer on Sandisk
• Neutral Sentiment: Outlook pieces and target timelines (e.g., $1,700 target estimates) keep bullish expectations in the story, but they are projections that depend on sustained AI demand and supply tightness. Top Analyst $1,700 Timing
• Negative Sentiment: Options market activity signals elevated downside hedging: implied volatility is very high (~107%) and the put‑call skew (put‑call ratio ~1.42) plus heavy put open interest indicate traders are positioning for a pullback — a short‑term risk to the rally. Options Market Pricing a Big Selloff
• Negative Sentiment: While NBMs (long‑term contracts) boost revenue visibility, they also limit upside from further spot price rallies; additionally, early signs of NAND price normalization could reduce margin expansion vs. recent quarters. Still Time to Pay Up?

Sandisk Company 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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