Keystone Investors PTE Ltd. Makes New Investment in Sandisk Corporation $SNDK

Keystone Investors PTE Ltd. bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, HoldingsChannel.com reports. The firm bought 27,800 shares of the data storage provider’s stock, valued at approximately $6,599,000.

A number of other hedge funds also recently bought and sold shares of SNDK. Osaic Holdings Inc. purchased a new stake in Sandisk during the second quarter worth $317,000. Merit Financial Group LLC purchased a new stake in shares of Sandisk during the 3rd quarter valued at $408,000. Jones Financial Companies Lllp purchased a new stake in shares of Sandisk during the 3rd quarter valued at $134,000. Bessemer Group Inc. purchased a new stake in shares of Sandisk during the 3rd quarter valued at $114,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of Sandisk during the 3rd quarter valued at $245,000.

Sandisk Price Performance

NASDAQ SNDK opened at $1,980.10 on Friday. The stock’s fifty day moving average price is $1,288.10 and its 200 day moving average price is $749.25. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,021.65. The company has a market cap of $293.23 billion, a price-to-earnings ratio of 68.83 and a beta of 4.87.

Sandisk (NASDAQ:SNDK) last released 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 return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion for the quarter. During the same period in the previous year, the company earned ($0.30) earnings per share. Sandisk’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts expect that Sandisk Corporation will post 64.01 earnings per share for the current year.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,100 and kept a Buy rating, signaling confidence that the AI memory demand trend still has room to run. SanDisk Stock’s 5,000% Rally Hasn’t Stopped This Analyst: Is $2,100 Next?
• Positive Sentiment: Another analyst update also boosted sentiment, with BofA’s Wamsi Mohan reportedly lifting his target to $2,100 on the view that Sandisk remains well positioned in the memory market. This Analyst Just Upped the Price Target on SanDisk Stock. Here’s Why.
• Positive Sentiment: Shares also rose on a broader rebound in memory stocks after SK Hynix’s capacity plan lifted optimism around supply-demand balance in the sector. SanDisk Jumps 14%, Western Digital Climbs 6% as Memory Stocks Rebound on SK Hynix’s Capacity Plan
• Positive Sentiment: Market commentary continues to frame SNDK as an AI growth winner, with traders and analysts highlighting strong memory demand and expanding AI infrastructure exposure. SanDisk Stock (SNDK) Is Up 692% YTD. AI Analyst Raises Price Target and Still Sees More Upside Ahead
• Neutral Sentiment: Some media coverage is focused mainly on the stock’s extraordinary year-to-date surge and valuation, which may keep investor attention high but does not add a new operational catalyst. SanDisk skyrockets over 692% YTD, yet SNDK stock still appears reasonably valued

Insider Transactions at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company’s 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 transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,625 shares of company stock valued at $8,913,497 in the last quarter. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on SNDK shares. Citigroup increased their price objective on Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. KGI Securities started coverage on Sandisk in a report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price objective for the company. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and an average price target of $1,580.67.

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.