CIBC Asset Management Inc Boosts Stock Holdings in Sandisk Corporation $SNDK

CIBC Asset Management Inc raised its holdings in Sandisk Corporation (NASDAQ:SNDK) by 207.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,561 shares of the data storage provider’s stock after purchasing an additional 17,929 shares during the period. CIBC Asset Management Inc’s holdings in Sandisk were worth $6,305,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Whittier Trust Co. purchased a new position in shares of Sandisk in the fourth quarter worth about $26,000. Chung Wu Investment Group LLC purchased a new position in Sandisk during the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC grew its stake in 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 acquiring an additional 43 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Sandisk by 137.9% during the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. Finally, Torren Management LLC purchased a new position in Sandisk during the fourth quarter valued at approximately $37,000.

Insider Activity at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the completion of the sale, the insider directly owned 32,232 shares in the company, valued at $55,954,752. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of Sandisk 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 transaction of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 5,625 shares of company stock valued at $8,913,497. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Cantor Fitzgerald boosted their price objective on shares of Sandisk from $1,400.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Royal Bank Of Canada boosted their price objective on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Mizuho boosted their price objective on shares of Sandisk from $1,625.00 to $1,825.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Morgan Stanley boosted their price objective on shares of Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research note on Wednesday. Three research 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,398.27.

Sandisk Price Performance

Shares of Sandisk stock opened at $1,559.32 on Friday. Sandisk Corporation has a 1 year low of $38.53 and a 1 year high of $1,861.00. The firm has a market cap of $230.92 billion, a PE ratio of 54.20 and a beta of 4.87. The company has a 50 day simple moving average of $1,174.63 and a two-hundred day simple moving average of $695.82.

Sandisk (NASDAQ:SNDK) last announced 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. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. The company’s revenue for the quarter was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts anticipate that Sandisk Corporation will post 63.58 earnings per share for the current year.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst commentary remains constructive, with reports citing bullish views on Sandisk and Morgan Stanley lifting its price target by 59%, signaling expectations for further upside from AI-driven memory demand. SNDK stock hits record high: Morgan Stanley raises PT by 59%, sees further upside ahead
• Positive Sentiment: Several bullish pieces argue Sandisk’s AI storage opportunity is still early, highlighting strong recent revenue growth, high margins, and a favorable memory-supply backdrop that could support fundamentals. Sandisk’s AI Storage Moment Is Just Getting Started
• Neutral Sentiment: Market commentary notes Sandisk was among the standout semiconductor winners this year, but that outsized rally is also making the shares more vulnerable to profit-taking and valuation concerns. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
• Neutral Sentiment: Another article suggests analysts still see Sandisk as a key AI memory beneficiary, reinforcing the long-term demand story even as short-term trading turns volatile. These Experts Say the Memory-Stock Runup May Not Be Over Yet
• Negative Sentiment: Friday’s selloff appears driven by a “parabolic” unwind in semiconductor leaders, with Sandisk and peers Micron and Marvell sliding as investors reduce exposure to overheated AI trades. Micron, Sandisk stocks slide as traders exit high-flying AI plays
• Negative Sentiment: New competition concerns and softer sentiment across tech hardware added to the weakness, suggesting near-term momentum could fade if the sector rotation continues. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

About Sandisk

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.