Sandisk Corporation $SNDK Position Boosted by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 64.6% during the 4th quarter, HoldingsChannel reports. The fund owned 3,627 shares of the data storage provider’s stock after purchasing an additional 1,424 shares during the period. Coldstream Capital Management Inc.’s holdings in Sandisk were worth $861,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SNDK. Vanguard Group Inc. purchased a new position in Sandisk during the 3rd quarter valued at about $1,970,388,000. State Street Corp purchased a new position in Sandisk during the 3rd quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in Sandisk during the 3rd quarter valued at about $297,293,000. Bank of America Corp DE purchased a new position in Sandisk during the 3rd quarter valued at about $190,425,000. Finally, AQR Capital Management LLC purchased a new position in Sandisk during the 3rd quarter valued at about $163,057,000.

Insider Buying and Selling

In other news, CAO Michael Pokorny sold 2,446 shares of the company’s 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SNDK. Wedbush lifted their target price on Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Citigroup boosted their price target on Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Melius Research set a $2,350.00 price target on Sandisk in a research note on Monday, May 18th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $1,207.14.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Barclays raised its price target on Sandisk and maintained a bullish view, saying AI-driven storage demand and Sandisk’s contract strategy still leave room for further upside. SanDisk (SNDK) Stock Has Exploded 4,000%. This 5-Star Analyst Still Sees More Upside
• Positive Sentiment: Multiple reports highlighted Sandisk as a leader in the AI memory supercycle, with chip shortages and strong pricing trends supporting continued earnings momentum. Memory Supercycle: Why MU & SNDK Are Set for a Grand Finale
• Positive Sentiment: Recent articles also pointed to Sandisk’s massive run and strong investor interest, reinforcing the view that momentum traders and growth investors are still piling into the name. What’s Going On With SanDisk Stock Wednesday?

Sandisk Stock Up 0.0%

Shares of SNDK stock opened at $1,589.94 on Thursday. Sandisk Corporation has a 12 month low of $36.21 and a 12 month high of $1,658.77. The firm has a market cap of $235.45 billion, a PE ratio of 55.26 and a beta of 4.82. The stock has a 50 day moving average of $1,036.08 and a 200-day moving average of $627.45.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same quarter last year, the firm earned ($0.30) earnings per share. 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. As a group, equities analysts predict that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

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.