CHICAGO TRUST Co NA Increases Position in Sandisk Corporation $SNDK

CHICAGO TRUST Co NA grew its position in Sandisk Corporation (NASDAQ:SNDK) by 36.1% during the first quarter, Holdings Channel.com reports. The firm owned 1,724 shares of the data storage provider’s stock after acquiring an additional 457 shares during the period. CHICAGO TRUST Co NA’s holdings in Sandisk were worth $1,095,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. State Street Corp acquired a new stake in Sandisk in the third quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sandisk in the 3rd quarter valued at about $297,293,000. Norges Bank acquired a new stake in shares of Sandisk during the 4th quarter worth about $518,889,000. Bank of America Corp DE acquired a new stake in Sandisk during the third quarter worth approximately $190,425,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Sandisk during the 3rd quarter worth approximately $163,057,000.

Sandisk News Roundup

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 kept a Buy rating, citing tight NAND supply, stronger pricing, and demand that could remain elevated through 2027. Article Title
• Positive Sentiment: Bernstein also sharply boosted its outlook on Sandisk, with reports highlighting a much higher price target and confidence in the company’s contracts, earnings power, and the durability of the memory supercycle. Article Title
• Positive Sentiment: Analysts continue to point to Sandisk’s expanding QLC SSD portfolio, AI storage demand, and multi-year supply deals as support for longer-term growth. Article Title
• Neutral Sentiment: Several market commentary pieces noted that Sandisk has already run sharply higher this year, with some investors questioning whether valuations have gotten too stretched after the memory-stock rally. Article Title
• Neutral Sentiment: Sandisk’s recent earnings strength and bullish long-term guidance continue to support the stock, even as the market debates how much upside is already priced in.
• Negative Sentiment: Sandisk fell along with other memory-chip stocks in a broad semiconductor selloff, with investors locking in profits after a strong first half for the sector. Article Title
• Negative Sentiment: Reports also said a new class-action lawsuit against major memory chipmakers added pressure to the shares, reinforcing concerns about risk in the sector. Article Title

Insiders Place Their Bets

In other news, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the transaction, the insider directly owned 32,232 shares in the company, valued at $55,954,752. This represents a 1.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 5,625 shares of company stock worth $8,913,497. Company insiders own 0.21% of the company’s stock.

Sandisk Trading Down 10.6%

Shares of SNDK stock opened at $2,032.22 on Thursday. The company has a market capitalization of $300.95 billion, a P/E ratio of 70.64 and a beta of 4.72. The business’s 50 day moving average is $1,618.07 and its two-hundred day moving average is $925.59. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The business had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company’s revenue was up 251.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts predict that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNDK has been the topic of a number of recent analyst reports. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Cantor Fitzgerald upped their price objective on shares of Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Sandisk in a report on Friday, May 1st. 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 research report on Friday, May 1st. Finally, KGI Securities began coverage on Sandisk in a report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 target price for the company. Three 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,684.24.

Sandisk 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.