Persistent Asset Partners Ltd Takes Position in Sandisk Corporation $SNDK

Persistent Asset Partners Ltd acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, Holdings Channel reports. The firm acquired 18,047 shares of the data storage provider’s stock, valued at approximately $4,284,000. Sandisk comprises approximately 2.0% of Persistent Asset Partners Ltd’s portfolio, making the stock its 8th largest position.

Other large investors have also made changes to their positions in the company. Whittier Trust Co. purchased a new position in shares of Sandisk in the fourth quarter valued at about $26,000. Greenline Wealth Management LLC purchased a new position in shares of Sandisk in the fourth quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Sandisk in the third quarter valued at about $27,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk in the fourth quarter worth about $27,000. Finally, Westfuller Advisors LLC increased its holdings in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SNDK shares. Royal Bank Of Canada lifted their target price on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Melius Research set a $2,350.00 target price on Sandisk in a report on Monday, May 18th. Bank of America lifted their target price on Sandisk from $1,550.00 to $2,100.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Morgan Stanley lifted their target price on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Finally, UBS Group set a $1,700.00 target price on Sandisk in a report on Monday, May 4th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,580.67.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and industry coverage continue to highlight strong AI-related demand for memory and NAND storage, including AI inference workloads, enterprise SSDs, and edge-AI devices that could keep driving Sandisk’s revenue growth. Article: Can AI Inference Workloads Accelerate NAND Demand for Sandisk?
• Positive Sentiment: One article upgraded Sandisk to Buy, arguing that edge AI is creating explosive local storage demand and could justify significantly higher valuation if growth stays strong. Article: Sandisk: I Was Wrong, Edge AI Changes Everything (Rating Upgrade)
• Positive Sentiment: Memory and storage stocks have been among the top performers in 2026, with SanDisk benefiting from the broader AI memory trade and tighter supply conditions across the sector. Article: AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
• Neutral Sentiment: The stock hit a new all-time high before retreating, suggesting some investors are taking profits after an extended surge rather than reacting to a change in fundamentals. Article: SanDisk Stock (SNDK) Retreats After Hitting a New All-Time High
• Negative Sentiment: Several market-watch articles say SNDK may be one of the most overbought stocks in history, raising the risk of a sharper correction if momentum traders start heading for the exits. Article: SanDisk Is ‘the Most Overbought Stock in History,’ Says Polymarket
• Negative Sentiment: Bearish commentary argues the memory supercycle may not last as long as investors expect, which could temper enthusiasm for Sandisk’s stretched valuation. Article: Sandisk: The Supercycle Won’t Last As Long As Investors Hope

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 transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Necip Sayiner sold 579 shares of the company’s 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 value of $870,300.69. Following the transaction, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 5,625 shares of company stock valued at $8,913,497. Insiders own 0.21% of the company’s stock.

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $1,991.55 on Wednesday. The business’s 50 day moving average is $1,342.03 and its two-hundred day moving average is $778.73. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,167.33. The stock has a market capitalization of $294.93 billion, a P/E ratio of 69.22 and a beta of 4.87.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate 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 for the quarter. During the same period in the previous year, the firm earned ($0.30) earnings per share. The company’s 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 research analysts anticipate that Sandisk Corporation will post 64.01 earnings per share 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.