Fifth Third Bancorp Buys 470 Shares of Sandisk Corporation $SNDK

Fifth Third Bancorp grew its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 25.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,321 shares of the data storage provider’s stock after acquiring an additional 470 shares during the quarter. Fifth Third Bancorp’s holdings in Sandisk were worth $551,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. purchased a new position in Sandisk in the fourth quarter worth about $26,000. Westfuller Advisors LLC raised its holdings in Sandisk by 51.8% in the 4th 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 last quarter. Torren Management LLC bought a new position in Sandisk in the 4th quarter valued at approximately $37,000. Assetmark Inc. boosted its stake in Sandisk by 71.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 73 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Sandisk by 411.4% in the 4th quarter. Blue Trust Inc. now owns 179 shares of the data storage provider’s stock worth $42,000 after purchasing an additional 144 shares in the last quarter.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk announced or locked in roughly $42 billion in long‑term AI supply deals, underpinning revenue visibility and supporting outsized gross margins — a major catalyst behind the recent runup. SanDisk Surges 10% After Locking In $42B
• Positive Sentiment: Company fundamentals look strong: recent quarterly results showed large revenue/margin beats and management set aggressive EPS guidance, giving investors confidence in near‑term profitability. Sandisk Put A Collar On It, For Now
• Positive Sentiment: Analysts have been raising price targets on AI/memory names including SanDisk as chip shortages and AI demand lift near‑term earnings expectations — a technical tailwind for the stock. Analyst Price Target Raises
• Positive Sentiment: Media/celebrity endorsement (Jim Cramer) and broad memory‑stock momentum have amplified buying interest, contributing to recent record highs and heightened retail/institutional attention. Jim Cramer on Sandisk
• Neutral Sentiment: Outlook pieces and target timelines (e.g., $1,700 target estimates) keep bullish expectations in the story, but they are projections that depend on sustained AI demand and supply tightness. Top Analyst $1,700 Timing
• Negative Sentiment: Options market activity signals elevated downside hedging: implied volatility is very high (~107%) and the put‑call skew (put‑call ratio ~1.42) plus heavy put open interest indicate traders are positioning for a pullback — a short‑term risk to the rally. Options Market Pricing a Big Selloff
• Negative Sentiment: While NBMs (long‑term contracts) boost revenue visibility, they also limit upside from further spot price rallies; additionally, early signs of NAND price normalization could reduce margin expansion vs. recent quarters. Still Time to Pay Up?

Sandisk Stock Up 0.3%

Shares of NASDAQ:SNDK opened at $1,409.98 on Thursday. The stock has a market capitalization of $208.80 billion, a PE ratio of 49.01 and a beta of 4.82. The firm’s 50 day moving average price is $783.16 and its 200-day moving average price is $492.15. Sandisk Corporation has a twelve month low of $33.13 and a twelve month high of $1,439.70.

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 company had revenue of $5.95 billion during the quarter. During the same quarter last year, the firm posted ($0.30) earnings per share. The business’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. Analysts expect that Sandisk Corporation will post 50.53 earnings per share for the current fiscal year.

Insider Activity at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

SNDK has been the topic of several recent analyst reports. Barclays increased their price objective on Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Melius Research assumed coverage on shares of Sandisk in a research note on Monday, April 27th. They issued a “buy” rating for the company. Raymond James Financial restated an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Finally, Cantor Fitzgerald raised their target price on shares of Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,065.81.

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.