Caitong International Asset Management Co. Ltd Boosts Stock Holdings in Sandisk Corporation $SNDK

Caitong International Asset Management Co. Ltd increased its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 126.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,954 shares of the data storage provider’s stock after acquiring an additional 5,554 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Sandisk were worth $2,363,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. acquired a new position in shares of Sandisk in the 2nd quarter valued at $317,000. Merit Financial Group LLC acquired a new position in Sandisk in the third quarter valued at $408,000. ProShare Advisors LLC acquired a new position in Sandisk in the third quarter valued at $269,000. PNC Financial Services Group Inc. purchased a new stake in shares of Sandisk in the third quarter valued at about $989,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Sandisk in the third quarter valued at about $208,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Apple CEO Tim Cook’s comments about a severe memory shortage and unavoidable price hikes have strengthened the bullish case for memory-chip makers, reinforcing pricing power for SanDisk and helping lift the stock. Why Is SanDisk Stock Surging On Thursday?
• Positive Sentiment: New coverage said SanDisk may have more upside than Micron because AI-driven memory demand, strong pricing power, and rising data-center sales are still fueling growth momentum. Micron Gets the Headlines, But Sandisk Could Offer More Upside
• Positive Sentiment: Analysts continue to highlight SanDisk’s AI opportunity, with fresh commentary pointing to stronger earnings potential, estimate revisions, and long-term demand tied to AI infrastructure. Wall Street Sees More Upside for SanDisk Corporation (SNDK)’s AI Opportunity
• Neutral Sentiment: Articles focusing on SanDisk’s open-source SPRandom technology and faster SSD qualification suggest the company is trying to remove data-center bottlenecks, which could support adoption but is more of a long-term operational improvement than an immediate catalyst. How SanDisk (SNDK) Is Tackling AI Storage Bottlenecks With Faster SSD Qualification
• Negative Sentiment: Despite the rally, one market note warned that SanDisk may be overextended, with a price target implying downside after its extraordinary year-to-date gain, which could encourage profit-taking. Up 700% YTD, How High Can SanDisk Rally?
• Negative Sentiment: Commentary about an RSI near record levels and broader AI bubble fears suggests some traders are becoming wary that SanDisk’s valuation has run too far too fast. SanDisk RSI Hits Record 99, Fueling AI Bubble Fears Across Markets

Insider Buying and Selling at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the completion of the sale, the insider directly owned 32,232 shares in the company, valued at $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. This represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 5,625 shares of company stock worth $8,913,497. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Melius Research set a $2,350.00 target price on shares of Sandisk in a research note on Monday, May 18th. Evercore reiterated an “outperform” rating and set a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st. Weiss Ratings cut shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Citigroup raised their price objective on shares of Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Finally, Susquehanna lifted their price objective on Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,580.67.

Sandisk Stock Performance

NASDAQ:SNDK opened at $2,184.75 on Friday. The stock has a market cap of $323.54 billion, a price-to-earnings ratio of 75.94 and a beta of 4.87. Sandisk Corporation has a one year low of $40.10 and a one year high of $2,191.69. The business’s 50-day simple moving average is $1,424.27 and its 200 day simple moving average is $814.48.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The company 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%.The business’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts predict that Sandisk Corporation will post 64.01 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.