CENTRAL TRUST Co Acquires Shares of 240 Sandisk Corporation $SNDK

CENTRAL TRUST Co bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 240 shares of the data storage provider’s stock, valued at approximately $152,000.

Several other hedge funds also recently made changes to their positions in SNDK. State Street Corp acquired a new stake in Sandisk during the third quarter worth approximately $491,053,000. Arrowstreet Capital Limited Partnership acquired a new position in Sandisk in the 3rd quarter valued at $297,293,000. Norges Bank acquired a new position in Sandisk in the 4th quarter valued at $518,889,000. Bank of America Corp DE bought a new stake in shares of Sandisk during the 3rd quarter valued at $190,425,000. Finally, AQR Capital Management LLC bought a new stake in shares of Sandisk during the 3rd quarter valued at $163,057,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Rising AI infrastructure demand continues to support Sandisk’s NAND flash and SSD business, with multiple articles pointing to strong pricing power, improving earnings, and a favorable industry backdrop. Micron + One Explosive AI Memory Stock to Buy Before H2 2026
• Positive Sentiment: Citi raised its price target on Sandisk to $2,500 and reiterated a Buy rating, reinforcing the view that Wall Street still sees upside after the company’s blowout quarter. Citi Just Raised Its Price Target on SanDisk Stock. Here’s Why.
• Positive Sentiment: Micron’s strong results also lifted sentiment across the memory-chip group, putting Sandisk in focus as investors extrapolate stronger AI memory demand into the next quarter. Micron’s Robust Q3 Results Raise Investor Attention on These 3 Stocks
• Neutral Sentiment: Some analysis notes that Sandisk remains attractively valued versus its growth profile, but that the stock carries higher execution and customer-concentration risk than more diversified peers. Sandisk: Unlike Micron, There’s Much Higher Risk
• Negative Sentiment: Several market reports describe the move as a cooling of the memory rally, with traders locking in profits after Thursday’s sharp surge. Why Is Sandisk Stock Falling Friday?
• Negative Sentiment: One bearish note argues Sandisk has rallied too far too fast and implies material downside from current levels, adding to near-term pressure on the shares. Prediction: SanDisk Has Rallied Too Far, Too Fast. The Price Target Warns of 20%+ Downside

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SNDK. Jefferies Financial Group reissued a “buy” rating and set a $1,400.00 target price on shares of Sandisk in a report on Friday, May 1st. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. UBS Group set a $1,700.00 price objective on shares of Sandisk in a research note on Monday, May 4th. Bank of America raised their target price on shares of Sandisk from $1,550.00 to $2,100.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, Mizuho boosted their target price on shares of Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,603.29.

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the sale, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,625 shares of company stock worth $8,913,497 over the last three months. 0.21% of the stock is owned by insiders.

Sandisk Stock Performance

Sandisk stock opened at $2,090.71 on Friday. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39. The stock has a market capitalization of $309.61 billion, a P/E ratio of 72.67 and a beta of 4.87. The stock has a fifty day moving average of $1,546.01 and a 200-day moving average of $881.10.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data 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 return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion for the quarter. During the same period last year, the business earned ($0.30) earnings per share. The business’s quarterly 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. On average, research analysts forecast that Sandisk Corporation will post 64.01 earnings per share for the current year.

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.