Zurcher Kantonalbank Zurich Cantonalbank Has $7.13 Million Holdings in Sandisk Corporation $SNDK

Key Points

• Zurcher Kantonalbank cut its stake in Sandisk by 14.1% in Q4, selling 4,935 shares and retaining 30,019 shares valued at about $7.13 million.
• SanDisk has rallied roughly 295% YTD on AI-driven NAND demand, triggering price-target upgrades (e.g., Mizuho to $1,000, Evercore to $1,200) but leaving the stock exposed to elevated valuation and short-term event risk around upcoming results.
• Director Miyuki Suzuki sold 3,500 shares on Feb 25 at an average $627.53, cutting her ownership by 26.11% and reducing insider ownership to about 0.21% of the company.

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 14.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,019 shares of the data storage provider's stock after selling 4,935 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Sandisk were worth $7,126,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Whittier Trust Co. bought a new stake in Sandisk during the fourth quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sandisk during the third quarter worth about $27,000. CVA Family Office LLC bought a new stake in Sandisk during the third quarter worth about $28,000. Westfuller Advisors LLC lifted its position in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock worth $30,000 after purchasing an additional 43 shares during the period. Finally, Parallel Advisors LLC bought a new stake in Sandisk during the third quarter worth about $30,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and research shops highlight strong end‑market diversification: AI/datacenter demand, steady edge and consumer strength are lifting revenue visibility and raise expectations for an earnings beat next week. SNDK's Rides on End-Market Diversification
• Positive Sentiment: Media and analysts point to massive AI-driven NAND demand as the core thesis behind a roughly 295% YTD rally; optimism over secular AI spend is driving investor interest and multiple expansion. SanDisk Climbs 295% YTD as AI Fuels Memory Mania
• Positive Sentiment: High-profile coverage (Jim Cramer) is increasing retail and institutional attention — such media mentions can amplify flows and liquidity into SNDK. Cramer Names 'The Stocks That Got Away' — SanDisk Is Number 1
• Neutral Sentiment: Sandisk has been hitting all‑time highs on momentum and sector strength rather than company‑specific catalysts — that suggests price moves are partly sentiment-driven. Why SanDisk Stock Is Hitting All-Time Highs Today
• Neutral Sentiment: Analysts remain split on ratings and targets amid rapid share gains — some see more upside from AI exposure while others warn the run-up leaves less margin for error. SanDisk Stock at $979: Analysts Split on Buy or Sell
• Negative Sentiment: Macro risk‑off flows (oil rally on Hormuz tensions) and rotation out of high‑beta tech pressured SNDK intraday, contributing to today’s pullback from recent highs. Why SanDisk Stock Is Retreating From Wednesday's All-Time Highs
• Negative Sentiment: Valuation and positioning risk: the stock sits near consensus analyst targets after a steep rally, so upcoming Q1 results and guidance pose high short‑term event risk if they miss elevated expectations. SanDisk Climbs 295% YTD as AI Fuels Memory Mania

Insider Activity

In other news, Director Miyuki Suzuki sold 3,500 shares of the company's stock in a transaction that occurred 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 owned 9,907 shares of the company's stock, valued at $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Sandisk Stock Performance

Sandisk stock opened at $932.43 on Friday. The business has a 50 day moving average of $710.01 and a 200-day moving average of $437.62. Sandisk Corporation has a 1 year low of $30.31 and a 1 year high of $981.06. 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 company has a market capitalization of $137.63 billion, a P/E ratio of -122.85 and a beta of 5.04.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. The company's quarterly revenue was up 61.2% compared to the same quarter last year. On average, equities research analysts predict that Sandisk Corporation will post 39.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Mizuho upped their price objective on shares of Sandisk from $710.00 to $1,000.00 and gave the stock an "outperform" rating in a research report on Friday, April 10th. Barclays upped their price objective on shares of Sandisk from $385.00 to $750.00 and gave the stock an "equal weight" rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Sandisk in a research report on Monday, December 29th. Arete Research raised shares of Sandisk from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. Finally, Evercore assumed coverage on shares of Sandisk in a report on Monday, April 13th. They issued an "outperform" rating and a $1,200.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $752.48.

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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