WT Asset Management Ltd Grows Stake in Sandisk Corporation $SNDK

Key Points

• WT Asset Management Ltd boosted its stake in Sandisk by 426.8% in Q4 and now owns 210,700 shares (about $50.0M), making Sandisk 2.0% of its portfolio and its 21st largest holding.
• Sandisk has drawn major institutional buying (Vanguard, State Street, Arrowstreet, BofA, AQR) and multiple analyst upgrades—the stock trades with a consensus "Moderate Buy" and a $752.48 target after a strong quarter (EPS $6.20, revenue $3.03B, +61.2% YoY).
• Despite momentum and analyst bullishness, the stock is highly volatile (beta 5.04), recently hit all-time highs, has rising short interest (~6.6%), and faces valuation/squeeze risks; an insider (Miyuki Suzuki) also sold shares recently.

WT Asset Management Ltd increased its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 426.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 210,700 shares of the data storage provider's stock after buying an additional 170,700 shares during the quarter. Sandisk comprises 2.0% of WT Asset Management Ltd's portfolio, making the stock its 21st largest position. WT Asset Management Ltd owned about 0.14% of Sandisk worth $50,016,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of Sandisk during the third quarter worth $1,970,388,000. State Street Corp acquired a new position in Sandisk in the 3rd quarter worth $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in Sandisk in the 3rd quarter valued at about $297,293,000. Bank of America Corp DE acquired a new stake in shares of Sandisk during the third quarter valued at about $190,425,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Sandisk during the third quarter valued at about $163,057,000.

Insider Activity

In related news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the sale, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. This trade represents a 26.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SNDK. Raymond James Financial upgraded Sandisk from a "market perform" rating to an "outperform" rating and set a $725.00 price objective on the stock in a report on Friday, January 30th. Bank of America increased their target price on Sandisk from $900.00 to $1,080.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Royal Bank Of Canada reissued a "sector perform" rating and set a $650.00 price target on shares of Sandisk in a research report on Friday, January 30th. Zacks Research raised shares of Sandisk from a "hold" rating to a "strong-buy" rating in a report on Friday, February 20th. Finally, KGI Securities started coverage on shares of Sandisk in a research note on Wednesday, March 18th. They set an "outperform" rating and a $992.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $752.48.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI/datacenter demand and end-market diversification are driving optimism for durable revenue and earnings beats; several analyst notes and Zacks pieces point to a likely Q1 beat and strong secular tailwinds. SNDK's Rides on End-Market Diversification
• Positive Sentiment: Heavy media attention and endorsements (Jim Cramer naming SanDisk among "stocks that got away") are amplifying retail demand and momentum flows. Cramer Names 'The Stocks That Got Away'
• Positive Sentiment: Price action: shares recently surged to new all-time highs on risk-on momentum in tech and semiconductors, reinforcing momentum-driven buying. Why SanDisk Stock Is Breaking Out
• Neutral Sentiment: Analysts are split on valuation — coverage ranges from strong buy cases (AI/NAND growth) to cautions on froth; that creates both conviction trades and profit-taking. Analysts Split on Buy or Sell
• Negative Sentiment: Short interest rose meaningfully in April to ~9.75M shares (~6.6% of shares), increasing potential for squeeze-driven volatility and downside pressure if sentiment reverses. (Short-interest data reported 4/15/2026.)
• Negative Sentiment: Recent pullbacks: the stock has shown intra-week retreats from highs amid risk-off moves (geopolitical oil/Hormuz tensions) and profit-taking, highlighting high sensitivity to macro headlines. Why SanDisk stock is retreating
• Negative Sentiment: High volatility and valuation risk: the stock has a very high beta and wide YTD run-up (hundreds of percent), so multiple compression or any softening in AI demand could trigger sharp declines.

Sandisk Price Performance

Shares of SNDK opened at $989.90 on Friday. Sandisk Corporation has a 52 week low of $31.01 and a 52 week high of $1,002.09. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. The firm has a market cap of $146.11 billion, a price-to-earnings ratio of -130.42 and a beta of 5.04. The stock has a 50 day moving average of $717.27 and a 200-day moving average of $443.65.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.67 billion. Sandisk's revenue was up 61.2% on a year-over-year basis. As a group, analysts forecast that Sandisk Corporation will post 39.01 EPS for the current year.

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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