Caitong International Asset Management Co. Ltd Has $66,000 Stake in Sandisk Corporation $SNDK

Caitong International Asset Management Co. Ltd decreased its holdings in Sandisk Corporation (NASDAQ:SNDK) by 93.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 280 shares of the data storage provider’s stock after selling 4,120 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Sandisk were worth $66,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Sandisk by 84.2% in the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after buying an additional 2,067 shares during the last quarter. Tredje AP fonden acquired a new position in Sandisk in the fourth quarter worth approximately $7,821,000. ProShare Advisors LLC increased its holdings in Sandisk by 1,301.5% in the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after buying an additional 31,237 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in Sandisk in the fourth quarter worth approximately $422,000. Finally, North Dakota State Investment Board acquired a new position in Sandisk in the fourth quarter worth approximately $1,127,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,100 and kept a Buy rating, signaling confidence that the AI memory demand trend still has room to run. SanDisk Stock’s 5,000% Rally Hasn’t Stopped This Analyst: Is $2,100 Next?
• Positive Sentiment: Another analyst update also boosted sentiment, with BofA’s Wamsi Mohan reportedly lifting his target to $2,100 on the view that Sandisk remains well positioned in the memory market. This Analyst Just Upped the Price Target on SanDisk Stock. Here’s Why.
• Positive Sentiment: Shares also rose on a broader rebound in memory stocks after SK Hynix’s capacity plan lifted optimism around supply-demand balance in the sector. SanDisk Jumps 14%, Western Digital Climbs 6% as Memory Stocks Rebound on SK Hynix’s Capacity Plan
• Positive Sentiment: Market commentary continues to frame SNDK as an AI growth winner, with traders and analysts highlighting strong memory demand and expanding AI infrastructure exposure. SanDisk Stock (SNDK) Is Up 692% YTD. AI Analyst Raises Price Target and Still Sees More Upside Ahead
• Neutral Sentiment: Some media coverage is focused mainly on the stock’s extraordinary year-to-date surge and valuation, which may keep investor attention high but does not add a new operational catalyst. SanDisk skyrockets over 692% YTD, yet SNDK stock still appears reasonably valued

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,980.10 on Friday. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,021.65. The firm has a market cap of $293.23 billion, a PE ratio of 68.83 and a beta of 4.87. The business has a fifty day moving average of $1,288.10 and a 200-day moving average of $749.25.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same quarter last year, the business posted ($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, analysts anticipate that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SNDK. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Sanford C. Bernstein increased their price objective on Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. UBS Group set a $1,700.00 price objective on Sandisk in a report on Monday, May 4th. Finally, Evercore restated an “outperform” rating and issued a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,580.67.

Insiders Place Their Bets

In other news, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the completion of the sale, the insider owned 32,232 shares of the company’s stock, valued at approximately $55,954,752. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 5,625 shares of company stock valued at $8,913,497. 0.21% of the stock is owned by corporate insiders.

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.