Sandisk Corporation $SNDK Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. reduced its stake in Sandisk Corporation (NASDAQ:SNDK) by 59.4% during the 4th quarter, Holdings Channel reports. The fund owned 4,359 shares of the data storage provider’s stock after selling 6,388 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Sandisk were worth $1,035,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. acquired a new stake in shares of Sandisk in the third quarter valued at $1,970,388,000. State Street Corp acquired a new stake in Sandisk in the third quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in Sandisk in the third quarter valued at $297,293,000. Bank of America Corp DE acquired a new stake in Sandisk in the third quarter valued at $190,425,000. Finally, AQR Capital Management LLC acquired a new stake in Sandisk in the third quarter valued at $163,057,000.

Sandisk Stock Up 0.2%

SNDK opened at $920.99 on Friday. The business’s 50-day simple moving average is $682.54 and its 200-day simple moving average is $417.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. Sandisk Corporation has a one year low of $28.94 and a one year high of $965.00. The stock has a market capitalization of $135.94 billion, a P/E ratio of -121.34 and a beta of 5.04.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. The business’s revenue for the quarter was up 61.2% compared to the same quarter last year.

Insider Activity

In related news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the transaction, the director owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target to $1,080 and kept a “Buy” rating, giving another credible analyst boost to upside expectations. Benzinga: BofA raises PT
• Positive Sentiment: Evercore started coverage with an “Outperform” and a $1,200 target, highlighting institutional interest that could support further gains. Evercore initiation (TickerReport)
• Positive Sentiment: Multiple bullish research notes (Arete upgrade and other broker optimism) add to the analyst momentum driving demand. Arete upgrade
• Positive Sentiment: Market headlines point to a big retail/institutional surge after ceasefire-related rallies—one roundup shows SanDisk up sharply in a list of big winners. Macro geopolitics (oil/ceasefire) helped risk assets rally. Benzinga: stocks up after ceasefire claims
• Positive Sentiment: Sector research and feature pieces highlight SNDK as a momentum/AI-infrastructure play — analysts point to accelerating AI-driven NAND and enterprise‑SSD demand that underpin revenue and margin upside. Zacks: momentum pick Zacks: SNDK vs Marvell
• Positive Sentiment: Extreme bull cases (including high Evercore upside scenarios covered in media) are circulating and help sentiment—these are bullish but speculative. Yahoo Finance: big Evercore bull case
• Neutral Sentiment: Inclusion in the Nasdaq‑100 (effective Apr 20) is a clear technical catalyst that can increase index/ETF flows into SNDK; this may support near‑term buying but can also concentrate selling around rebalancing dates. MarketBeat: Nasdaq‑100 inclusion
• Neutral Sentiment: Commentary asking whether it’s “too late” after a 20x one‑year surge raises valuation and rotation questions; it signals increased scrutiny on fundamentals vs. momentum. Yahoo: valuation/rotation piece
• Negative Sentiment: Seeking Alpha pieces warn of near‑term volatility and a “sell‑the‑news” risk around the Nasdaq‑100 inclusion and upcoming earnings — they advise caution and suggest waiting for a technical pullback. Seeking Alpha: sell‑the‑news warning
• Negative Sentiment: Other commentary explicitly flags high short‑term volatility and the possibility of a meaningful pullback after the rapid run, underscoring the stock’s elevated beta and valuation risks. Seeking Alpha: volatility warning

Analysts Set New Price Targets

A number of analysts have weighed in on SNDK shares. Weiss Ratings restated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. Cantor Fitzgerald raised their price target on Sandisk from $800.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Wall Street Zen upgraded Sandisk from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Citigroup raised their price target on Sandisk from $875.00 to $980.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Sanford C. Bernstein set a $1,250.00 price target on Sandisk and gave the company an “outperform” rating in a research note on Thursday, April 9th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $692.68.

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.