Cibc World Market Inc. Makes New $923,000 Investment in Sandisk Corporation $SNDK

Cibc World Market Inc. acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,228 shares of the data storage provider’s stock, valued at approximately $923,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CVA Family Office LLC acquired a new position in Sandisk in the 3rd quarter valued at about $28,000. Covestor Ltd acquired a new stake in Sandisk during the third quarter worth approximately $37,000. Cromwell Holdings LLC bought a new stake in shares of Sandisk during the third quarter worth approximately $39,000. True Wealth Design LLC acquired a new position in shares of Sandisk in the third quarter valued at approximately $40,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sandisk during the 3rd quarter worth approximately $41,000.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SNDK shares. Bank of America upped their price objective on Sandisk from $300.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Raymond James Financial upgraded shares of Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price objective for the company in a research note on Friday, January 30th. Cantor Fitzgerald increased their target price on shares of Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, Wedbush raised their target price on shares of Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $542.85.

Insider Buying and Selling

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the transaction, the director directly owned 3,479 shares in the company, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Sandisk Trading Down 5.7%

SNDK opened at $590.59 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. Sandisk Corporation has a fifty-two week low of $27.89 and a fifty-two week high of $725.00. The company’s 50 day moving average price is $403.28 and its two-hundred day moving average price is $228.53. The firm has a market capitalization of $87.15 billion and a price-to-earnings ratio of -77.81.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 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 analyst estimates of $2.67 billion. The business’s revenue for the quarter was up 61.2% on a year-over-year basis.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven demand and constrained NAND supply are supporting Sandisk’s pricing power and order book as hyperscalers lock in flash supply, a major tailwind for revenue and margins. Sandisk Rides NAND Shortage As AI Hyperscalers Lock In Supply
• Positive Sentiment: Analyst pieces highlight continued AI-linked SSD growth and stronger enterprise traction, suggesting upside to consensus if Sandisk keeps capturing data-center share. Sandisk’s AI-Linked SSD Growth Continues: A Sign of More Upside?
• Positive Sentiment: Recent coverage documents strong YTD gains (reports cite +131% and +166% YTD figures) driven by AI/data-center demand — a reminder of the momentum underpinning the rally. Up 131% YTD, should you buy SanDisk stock right now? Sandisk (SNDK) Stock Surges 166% on AI Data Center Demand for Flash Storage
• Neutral Sentiment: Market-analysis pieces debate valuation and playbook changes after the rally; useful for longer-term positioning but not immediate catalysts. Sandisk’s Rally Tests A New Playbook
• Neutral Sentiment: Comparative coverage (Micron vs. Sandisk) highlights sector-wide supply tightness and relative investment cases — important for portfolio allocation decisions. Micron vs. SanDisk: Which Memory Chip Stock Is the Better Buy Right Now?
• Negative Sentiment: Western Digital launched a secondary offering of ~ $3.09B of Sandisk shares it still owns; Sandisk itself is not selling and will receive no proceeds — this increases near-term sell pressure and liquidity overhang. Sandisk Announces Launch of Secondary Offering of Common Stock
• Negative Sentiment: Market reaction has already shown weakness after Western Digital filed to sell shares and selling-shareholder disclosures; coverage notes the filing as a direct driver of the pullback. Sandisk stock falls after Western Digital files to sell shares
• Negative Sentiment: Short-term profit-taking and the selling-shareholder equity offering have prompted drops of a few percent in intraday trading, amplifying volatility despite strong fundamentals. SanDisk stock plunges 3%: profit-taking sparks sharp pullback Sandisk dips on equity offering by selling shareholders

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.