Pinpoint Asset Management Singapore Pte. Ltd. Buys New Position in Sandisk Corporation $SNDK

Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 272 shares of the data storage provider’s stock, valued at approximately $65,000.

Several other hedge funds also recently modified their holdings of the stock. Whittier Trust Co. bought a new stake in Sandisk during the fourth quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sandisk during the third quarter worth $27,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the fourth quarter worth $27,000. Parallel Advisors LLC bought a new stake in Sandisk during the third quarter worth $30,000. Finally, Westfuller Advisors LLC lifted its holdings in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after acquiring an additional 43 shares during the period.

Sandisk Price Performance

Shares of SNDK opened at $1,980.10 on Friday. The firm has a market cap of $293.23 billion, a PE ratio of 68.83 and a beta of 4.87. The stock’s fifty day moving average price is $1,288.10 and its two-hundred day moving average price is $749.25. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,021.65.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. The firm 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 firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts anticipate that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

Insider Transactions at Sandisk

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were 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 owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 5,625 shares of company stock valued at $8,913,497. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

SNDK has been the topic of a number of recent analyst reports. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Susquehanna lifted their price target on Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Wells Fargo & Company lifted their price target on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Wedbush lifted their price target on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, KGI Securities initiated coverage on Sandisk in a report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and a consensus price target of $1,580.67.

Sandisk News Roundup

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 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.