Andar Capital Management HK Ltd Buys New Position in Sandisk Corporation $SNDK

Andar Capital Management HK Ltd purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the first quarter, Holdings Channel reports. The firm purchased 6,800 shares of the data storage provider’s stock, valued at approximately $4,320,000. Sandisk makes up about 3.7% of Andar Capital Management HK Ltd’s holdings, making the stock its 11th biggest holding.

Several other institutional investors also recently added to or reduced their stakes in the company. State Street Corp acquired a new stake in shares of Sandisk in the third quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sandisk in the third quarter valued at approximately $297,293,000. Norges Bank acquired a new position in shares of Sandisk in the fourth quarter valued at approximately $518,889,000. Bank of America Corp DE purchased a new stake in shares of Sandisk during the third quarter worth approximately $190,425,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Sandisk during the third quarter worth approximately $163,057,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory and semiconductor stocks are rebounding sharply in Monday trading, lifting Sandisk along with peers as investors regain confidence after the recent selloff. Micron Jumps 5%, SanDisk Rises 6%, Western Digital Climbs 4% as Memory Stocks Rebound With Chips
• Positive Sentiment: Investors are viewing the memory-stock pullback as a strong entry point, which is encouraging dip-buying in SanDisk and other chip names. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In.
• Positive Sentiment: Morgan Stanley reportedly flagged several semiconductor and AI infrastructure stocks as attractive after the memory-equity selloff, supporting a broader rebound in the group. Banking giant names 7 stocks to buy after memory equities sell-off
• Positive Sentiment: Recent commentary remains constructive on Sandisk’s earnings power, citing strong revenue growth, higher margins, and its position in AI storage demand. Sandisk: The Math Supporting A Rare Opportunity
• Positive Sentiment: Additional bullish coverage says Sandisk remains attractive despite its big 2026 run, pointing to ongoing memory-chip shortage conditions. Sandisk: Even After a 580% Rise in 2026, It’s Still a Screaming Buy (NASDAQ: SNDK)

Insider Buying and Selling at Sandisk

In related news, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was 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 of the company’s stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,225 shares of company stock worth $10,166,297. Insiders own 0.21% of the company’s stock.

Sandisk Trading Up 2.7%

Shares of SNDK opened at $1,390.95 on Tuesday. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The company has a 50-day moving average of $1,743.12 and a two-hundred day moving average of $1,056.26. The stock has a market cap of $205.99 billion, a P/E ratio of 48.35 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.17 by $9.24. The business had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts forecast that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Raymond James Financial restated an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a research note on Friday, May 1st. Melius Research set a $2,350.00 price target on shares of Sandisk in a research note on Monday, May 18th. Cantor Fitzgerald increased their price target on shares of Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, Argus assumed coverage on Sandisk in a report on Wednesday, July 15th. They set a “hold” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,803.29.

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.