Arrowpoint Investment Partners Singapore Pte. Ltd. Purchases Shares of 5,906 Sandisk Corporation $SNDK

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 5,906 shares of the data storage provider’s stock, valued at approximately $1,402,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new position in Sandisk in the third quarter valued at about $1,970,388,000. State Street Corp acquired a new stake in shares of Sandisk during the third quarter worth approximately $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sandisk during the third quarter worth approximately $297,293,000. Norges Bank bought a new position in shares of Sandisk in the fourth quarter valued at approximately $518,889,000. Finally, Bank of America Corp DE acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $190,425,000.

Insider Transactions at Sandisk

In other Sandisk 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 transaction, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk 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 $92,531,364.66. This represents a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,025 shares of company stock worth $7,871,897 in the last quarter. 0.21% of the stock is owned by company insiders.

Sandisk Stock Down 3.9%

Sandisk stock opened at $1,759.68 on Friday. The business’s 50-day simple moving average is $1,157.00 and its 200 day simple moving average is $689.74. The stock has a market cap of $260.59 billion, a price-to-earnings ratio of 61.16 and a beta of 4.87. Sandisk Corporation has a 12-month low of $37.33 and a 12-month high of $1,861.00.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping 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 firm had revenue of $5.95 billion during the quarter. During the same period in the prior year, the firm posted ($0.30) earnings per share. The business’s revenue for the quarter was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts expect that Sandisk Corporation will post 63.58 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SNDK shares. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Melius Research set a $2,350.00 target price on Sandisk in a report on Monday, May 18th. Bank of America raised their target price on Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Morgan Stanley lifted their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Sanford C. Bernstein increased their price objective on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $1,398.27.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts remain broadly bullish on Sandisk, with recent upgrades and higher price targets reinforcing the view that strong AI-driven NAND demand and tight memory supply can keep earnings and valuation elevated. Article
• Positive Sentiment: Multiple reports highlighted Sandisk as a key beneficiary of the AI infrastructure buildout, suggesting the company could continue to see strong pricing power and demand for its storage products. Article
• Positive Sentiment: Commentary this week said Sandisk’s rally may not be over, with bulls arguing that booming AI memory demand and rising prices could support further upside. Article
• Neutral Sentiment: Sandisk EVP Alper Ilkbahar sold 2,000 shares, a large-dollar transaction but a relatively small portion of his holdings, so investors may view it as routine profit-taking rather than a major warning sign. SEC filing
• Negative Sentiment: One notable headwind is that the AI and chip sector cooled after Broadcom’s weaker-than-expected outlook, dragging down Sandisk along with other memory names on concerns the trade had become crowded. Article
• Negative Sentiment: Another report flagged record-high short interest alongside Sandisk’s soaring stock price, which suggests the move has become crowded and could be vulnerable if momentum fades. Article

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.