Aster Capital Management DIFC Ltd Takes $760,000 Position in Sandisk Corporation $SNDK

Aster Capital Management DIFC Ltd bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,200 shares of the data storage provider’s stock, valued at approximately $760,000.

Several other hedge funds have also recently made changes to their positions in the business. Larson Financial Group LLC increased its stake in shares of Sandisk by 20.2% during the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after buying an additional 37 shares during the period. Composition Wealth LLC increased its stake in shares of Sandisk by 0.4% during the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after buying an additional 41 shares during the period. Westfuller Advisors LLC increased its stake in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after buying an additional 43 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Sandisk by 4.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,099 shares of the data storage provider’s stock valued at $261,000 after buying an additional 46 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Sandisk by 4.8% during the fourth quarter. IFP Advisors Inc now owns 1,042 shares of the data storage provider’s stock valued at $247,000 after buying an additional 48 shares during the period.

Sandisk Stock Up 6.5%

NASDAQ SNDK opened at $2,107.86 on Tuesday. The stock’s 50-day moving average price is $1,316.23 and its 200-day moving average price is $766.22. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,119.90. The company has a market capitalization of $312.15 billion, a P/E ratio of 73.27 and a beta of 4.88.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS 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 for the quarter. During the same period last year, the business earned ($0.30) EPS. The firm’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. Research analysts anticipate that Sandisk Corporation will post 64.01 EPS for the current year.

Insiders Place Their Bets

In related news, Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The stock was 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 owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction dated 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 sale, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 5,625 shares of company stock worth $8,913,497. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SNDK shares. Bank of America boosted their target price on Sandisk from $1,550.00 to $2,100.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Sanford C. Bernstein upped their price target on Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a research note on Friday, May 1st. Cantor Fitzgerald upped their price target on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Finally, Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,580.67.

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.