Maxi Investments CY Ltd Acquires New Holdings in Sandisk Corporation $SNDK

Maxi Investments CY Ltd bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,088 shares of the data storage provider’s stock, valued at approximately $17,552,000. Sandisk makes up 3.2% of Maxi Investments CY Ltd’s holdings, making the stock its 9th largest position.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Sandisk in the second quarter valued at $23,408,732,000. Situational Awareness LP grew its holdings in shares of Sandisk by 42.4% during the second quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock worth $5,673,739,000 after purchasing an additional 743,325 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Sandisk by 71.2% during the second quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock worth $2,425,811,000 after purchasing an additional 443,714 shares during the last quarter. Amundi grew its holdings in shares of Sandisk by 135.5% during the first quarter. Amundi now owns 872,632 shares of the data storage provider’s stock worth $554,418,000 after purchasing an additional 502,166 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Sandisk by 33.3% during the third quarter. Assenagon Asset Management S.A. now owns 828,900 shares of the data storage provider’s stock worth $1,442,195,000 after purchasing an additional 207,051 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SNDK shares. Susquehanna reduced their target price on Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating for the company in a report on Thursday, August 6th. Bank of America raised their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Mizuho lifted their price target on Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price target (up from $1,000.00) on shares of Sandisk in a research report on Thursday, August 6th. Finally, BNP Paribas Exane reduced their price objective on Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average price target of $2,093.73.

Sandisk Stock Up 1.4%

NASDAQ SNDK opened at $1,255.58 on Tuesday. Sandisk Corporation has a 52-week low of $164.56 and a 52-week high of $2,354.39. The business’s 50-day moving average price is $1,593.45 and its 200 day moving average price is $1,227.63. The firm has a market cap of $181.47 billion, a P/E ratio of 17.22, a P/E/G ratio of 0.12 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The firm had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The business’s revenue was up 371.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk declared that its Board of Directors has approved a share buyback program on Wednesday, August 5th that permits the company to repurchase $14 billion in outstanding shares. This buyback authorization permits the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Bernard Shek sold 2,308 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the transaction, the insider owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. The trade was a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the sale, the chief executive officer owned 382,865 shares of the company’s stock, valued at $602,709,911.65. This trade represents a 8.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 77,899 shares of company stock valued at $121,159,122. Company insiders own 0.29% of the company’s stock.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America’s view that memory customers are locking in supply for multiple years is lifting the broader memory and storage group, including Sandisk. The outlook suggests stronger demand visibility and pricing power. Bank of America memory-market article
• Positive Sentiment: Analysts remain constructive ahead of earnings, pointing to long-term agreements with hyperscale customers, margin protections and revenue visibility extending through 2029–2030. Sandisk earnings preview
• Positive Sentiment: Sandisk was included in a screen of companies with high net profit margins and strong expected earnings growth, reinforcing the bullish fundamental case. Zacks profitable stocks article
• Neutral Sentiment: Cantor Fitzgerald lowered its price target from $2,900 to $2,200 but retained an “overweight” rating, signaling reduced expectations while still forecasting substantial upside. Cantor Fitzgerald ratings
• Neutral Sentiment: Short-interest data showed zero shares sold short as of October 26, implying no measurable short-squeeze fuel and little evidence of meaningful bearish positioning.
• Negative Sentiment: The October 29 earnings report is expected to produce an outsized move, with options pricing at least a 10% potential swing. Investors will be watching whether demand remains above supply after the stock’s recent decline. Sandisk earnings volatility article
• Negative Sentiment: Reports highlighting industry supply-chain constraints and concerns that the AI-storage boom may be peaking remain risks, particularly if Sandisk’s guidance fails to validate continued tight supply. Sandisk supply-chain article

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.