Capstone Capital Management Ltd purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) in the 1st quarter, Holdings Channel.com reports. The firm purchased 6,261 shares of the data storage provider’s stock, valued at approximately $3,978,000. Sandisk makes up approximately 3.9% of Capstone Capital Management Ltd’s investment portfolio, making the stock its 5th biggest holding.
Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp bought a new position in shares of Sandisk during the 3rd quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in Sandisk in the third quarter worth $297,293,000. Norges Bank purchased a new stake in Sandisk during the fourth quarter valued at $518,889,000. Bank of America Corp DE purchased a new stake in Sandisk during the third quarter valued at $190,425,000. Finally, AQR Capital Management LLC bought a new position in Sandisk during the third quarter valued at $163,057,000.
Sandisk Price Performance
SNDK stock opened at $1,727.18 on Thursday. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39. The firm’s 50-day moving average is $1,692.15 and its 200 day moving average is $978.66. The company has a market capitalization of $255.78 billion, a PE ratio of 60.03 and a beta of 4.74.
Sandisk News Summary
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Bank of America raised its price target on Sandisk to $2,500 from $2,100 and reiterated a Buy rating, citing a continuing supply-demand imbalance in the NAND market that could support pricing and earnings. Sandisk (SNDK): Among the Most Profitable Cheap Stocks to Invest In
- Positive Sentiment: Several recent articles argue the selloff may be an opportunity, highlighting Sandisk’s strong revenue growth, upbeat guidance, and continued AI/data-center demand for memory chips. Sandisk: I’m Catching The Falling Knife; Here’s How
- Positive Sentiment: Commentary from analysts and market watchers says Wall Street remains highly bullish on Sandisk’s long-term outlook despite near-term volatility, with some noting the stock’s momentum and large year-to-date gains. Sandisk Stock Tumbles in Tech Sell-Off, but Wall Street Sees More Upside
- Neutral Sentiment: Sandisk has been discussed as a standout momentum and “best stock to buy” candidate for the second half of 2026, reflecting strong investor interest but not a clear new fundamental catalyst. Is Sandisk Corporation (NASDAQ:SNDK) Among the Best Stocks to Buy for the Second Half of 2026?
- Negative Sentiment: The main drag today appears to be a broad memory-sector reset, with Sandisk falling alongside Micron and Western Digital as investors worry the AI memory boom may be cooling and that supply could eventually catch up with demand. Memory Stock Sell-Off: Is This the Time to Buy Micron Technology and Sandisk Like There’s No Tomorrow?
- Negative Sentiment: Citi Wealth noted that China’s domestic memory industry is gaining recognition, which could pressure incumbents like Sandisk and squeeze future profits. SanDisk and Micron Risk Profit Squeeze from Chinese Memory Threat
Insider Transactions at Sandisk
In related news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 6,225 shares of company stock worth $10,166,297. Corporate insiders own 0.21% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on SNDK shares. Mizuho lifted their price objective on shares of Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Citigroup upped their target price on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Evercore reaffirmed an “outperform” rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Finally, Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,684.24.
Get Our Latest Stock Report on Sandisk
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.
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