Perseverance Asset Management International Takes Position in Sandisk Corporation $SNDK

Perseverance Asset Management International purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the first quarter, Holdings Channel reports. The firm purchased 5,479 shares of the data storage provider’s stock, valued at approximately $3,481,000. Sandisk comprises about 0.4% of Perseverance Asset Management International’s portfolio, making the stock its 18th largest position.

A number of other hedge funds have also bought and sold shares of SNDK. Bank of Nova Scotia boosted its holdings in shares of Sandisk by 24.1% in the 1st quarter. Bank of Nova Scotia now owns 193,920 shares of the data storage provider’s stock worth $123,205,000 after buying an additional 37,601 shares during the last quarter. Alamar Capital Management LLC purchased a new stake in Sandisk during the first quarter worth about $10,599,000. Lido Advisors LLC raised its position in Sandisk by 247.2% in the first quarter. Lido Advisors LLC now owns 5,160 shares of the data storage provider’s stock worth $3,279,000 after acquiring an additional 3,674 shares during the period. Monashee Investment Management LLC bought a new stake in Sandisk in the first quarter worth about $3,177,000. Finally, Cetera Investment Advisers boosted its stake in Sandisk by 106.0% in the first quarter. Cetera Investment Advisers now owns 20,381 shares of the data storage provider’s stock valued at $12,949,000 after acquiring an additional 10,486 shares during the last quarter.

Insider Buying and Selling 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 shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. The trade was a 9.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alper Ilkbahar sold 2,000 shares of the 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 sale, the executive vice president owned 52,677 shares in the company, valued at approximately $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 have sold a total of 6,225 shares of company stock valued at $10,166,297 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and market commentators highlighted Sandisk as a potential winner from AI infrastructure spending, tight memory supply, and stronger NAND pricing, reinforcing the bull case for higher earnings power. Article Title
• Positive Sentiment: Reports said memory prices remain elevated and could continue rising, which is important for Sandisk’s margins and revenue outlook. Article Title
• Positive Sentiment: Several bullish pieces argued Sandisk still has room to run after its huge 2026 rally, citing enterprise SSD growth, AI-related storage demand, and a discounted valuation relative to its growth story. Article Title
• Neutral Sentiment: With earnings approaching, investors are focused on whether Sandisk can keep beating expectations and justify its elevated valuation. Article Title
• Neutral Sentiment: Some coverage flagged a broader sector pause and profit-taking, explaining why SNDK has also seen intraday volatility despite the bullish long-term narrative. Article Title
• Negative Sentiment: At least one analyst cut a price target on SNDK, which may be pressuring sentiment even as the stock remains near record levels. Article Title
• Negative Sentiment: Susquehanna also reportedly lowered its target, suggesting some analysts think the stock’s recent run has outpaced near-term fundamentals. Article Title

Sandisk Stock Up 0.7%

SNDK opened at $1,610.33 on Friday. The company has a market capitalization of $238.47 billion, a price-to-earnings ratio of 55.97 and a beta of 4.74. The firm has a 50-day moving average price of $1,753.46 and a 200-day moving average price of $1,084.78. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly 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 company had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same period last year, the firm earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts expect that Sandisk Corporation will post 64.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SNDK shares. UBS Group set a $1,700.00 target price on shares of Sandisk in a research report on Monday, May 4th. Evercore set a $3,100.00 price target on shares of Sandisk in a report on Monday, July 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. Finally, Argus initiated coverage on Sandisk in a research report on Wednesday, July 15th. They issued a “hold” rating for the company. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and a consensus target price of $1,811.38.

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.