CIBC Asset Management Inc Invests $969,000 in Sandisk Corporation $SNDK

CIBC Asset Management Inc acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,632 shares of the data storage provider’s stock, valued at approximately $969,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. CVA Family Office LLC acquired a new position in Sandisk during the 3rd quarter valued at $28,000. Covestor Ltd bought a new position in shares of Sandisk during the 3rd quarter worth about $37,000. Cromwell Holdings LLC acquired a new position in shares of Sandisk during the third quarter valued at about $39,000. True Wealth Design LLC bought a new stake in shares of Sandisk in the third quarter valued at about $40,000. Finally, Webster Bank N. A. acquired a new stake in Sandisk during the third quarter worth about $45,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. China Renaissance started coverage on Sandisk in a research report on Friday, December 5th. They issued a “buy” rating and a $322.00 price objective for the company. Citigroup upped their target price on Sandisk from $280.00 to $490.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Susquehanna lifted their price target on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research note on Monday, December 8th. Barclays set a $385.00 price target on shares of Sandisk in a report on Thursday, January 15th. Finally, Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sandisk has an average rating of “Moderate Buy” and a consensus target price of $348.95.

Insider Buying and Selling

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the sale, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by company insiders.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 earnings preview suggests investors expect another beat and constructive guidance, keeping momentum alive into this week’s report. SanDisk Q2 Earnings Preview: What To Expect After 1,300% Stock Gains
• Positive Sentiment: Pre-earnings buy case: analysts and investors point to tight NAND supply, AI-driven SSD demand and BiCS8 adoption as durable drivers — supporting upside even with stretched multiples. Why I’m Buying Sandisk Into Earnings
• Positive Sentiment: Market mechanics: multiple outlets report an active short squeeze and sharply lower short interest this month, reducing downside pressure and amplifying rallies. An Extreme Short Squeeze Is Underway in Sandisk Stock. How Much Higher Can Shares Go?
• Positive Sentiment: Zacks added SNDK to its Rank #1 (Strong Buy) list, which can attract model/quant flows and retail attention. New Strong Buy Stocks for January 27th
• Neutral Sentiment: Broader memory/micron theme: industry ETF pieces highlight rising memory-price tailwinds through 2027; positive for the sector but not SNDK‑specific. Tap the Super-Hot Memory Market With These ETFs
• Neutral Sentiment: Sector comps: Seagate’s recent beat provided a positive datapoint for storage names broadly, helping sentiment for SNDK ahead of its print. Is SanDisk the Next in Line to Crush Wall Street’s Earnings Estimates?
• Neutral Sentiment: Retail/recap stories point out huge post‑IPO gains, which can fuel momentum trading but also raise questions about sustainability. $1,000 in Sandisk stock during 2025 IPO is now worth
• Negative Sentiment: Contrarian take: Jim Cramer and others warn the stock has run up sharply and may be extended — a reminder that momentum trades carry elevated valuation and pullback risk. Jim Cramer Says Sandisk Is “Up Huge, Way Too Much for Me”

Sandisk Stock Performance

Sandisk stock opened at $527.63 on Thursday. The firm has a market capitalization of $77.32 billion and a P/E ratio of 1,648.84. The stock has a fifty day moving average price of $294.48 and a two-hundred day moving average price of $172.42. Sandisk Corporation has a 52-week low of $27.89 and a 52-week high of $531.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, beating the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.12 billion. The business’s revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

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.