CTC Alternative Strategies Ltd. Has $699,000 Position in Sandisk Corporation $SNDK

CTC Alternative Strategies Ltd. lessened its stake in Sandisk Corporation (NASDAQ:SNDK) by 36.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,100 shares of the data storage provider’s stock after selling 639 shares during the period. Sandisk comprises 1.6% of CTC Alternative Strategies Ltd.’s investment portfolio, making the stock its 18th biggest position. CTC Alternative Strategies Ltd.’s holdings in Sandisk were worth $699,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. boosted its position in Sandisk by 12.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock valued at $77,000 after buying an additional 13 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Sandisk by 0.3% in the 4th quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after buying an additional 17 shares during the period. Empirical Finance LLC raised its position in shares of Sandisk by 0.7% during the first quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock worth $2,246,000 after acquiring an additional 24 shares during the last quarter. SOA Wealth Advisors LLC. raised its position in shares of Sandisk by 108.0% during the first quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock worth $33,000 after acquiring an additional 27 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Sandisk by 20.2% in the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 37 shares during the last quarter.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure spending remains a major potential growth driver. Analysts point to more than $750 billion in expected 2026 Big Tech capital expenditures, which could support demand for Sandisk’s enterprise storage and memory products. Buy 5 AI Infrastructure Stocks as Big Tech’s Assure Lasting AI Frenzy
• Positive Sentiment: Microsoft’s roughly $190 billion capital-spending commitment and strong AI-related results helped revive optimism about data-center demand. Samsung also reported a sharp increase in chip profit and expects memory shortages to persist into 2028, supporting the broader industry outlook. Why Memory Stocks Are Roaring Back
• Positive Sentiment: Several bullish analyses argue that AI inference and enterprise storage may structurally improve NAND demand. Sandisk has reportedly exceeded earnings and revenue expectations for five consecutive quarters, while analysts have continued raising estimates. Sandisk’s Biggest Opportunity Yet
• Neutral Sentiment: Options traders expect a significant move around the August 5 earnings release. The event could bring a sharp rebound if results and guidance confirm AI demand, but it also creates elevated downside risk if expectations are missed. SanDisk Q4 Earnings Options Outlook
• Negative Sentiment: Investors remain concerned that Chinese competition could intensify another NAND downturn. Some analysts also warn that the AI boom may moderate before 2029, making Sandisk’s elevated valuation and ambitious price targets vulnerable. Sandisk Stock Slides as Chinese Competition Rattles NAND Outlook
• Negative Sentiment: The rapid reversal in memory stocks and recent forced selling have weakened sentiment, with Sandisk’s technical indicators reaching deeply oversold levels. That may attract bargain hunters, but it also highlights how sharply expectations and momentum have deteriorated. Is the Sandisk Stock Crash Over?

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Sanford C. Bernstein boosted their price objective on Sandisk from $1,700.00 to $3,000.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Wedbush raised their target price on shares of Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Zacks Research lowered shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Citigroup boosted their price target on shares of Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $1,811.38.

Insider Activity

In related news, Director Necip Sayiner sold 579 shares of the 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 $4,359,019. This trade represents a 16.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at $31,910,777.50. The trade was a 9.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 6,225 shares of company stock valued at $10,166,297. Insiders own 0.21% of the company’s stock.

Sandisk Trading Down 5.1%

NASDAQ:SNDK opened at $1,214.83 on Friday. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,354.39. The firm has a market capitalization of $179.90 billion, a price-to-earnings ratio of 42.23 and a beta of 4.74. The business’s 50-day moving average price is $1,729.14 and its two-hundred day moving average price is $1,116.58.

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, topping the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.30) earnings per share. Sell-side analysts predict that Sandisk Corporation will post 64.52 earnings per share for the current year.

Sandisk 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.