Cibc World Market Inc. Takes Position in Sandisk Corporation $SNDK

Cibc World Market Inc. purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,228 shares of the data storage provider’s stock, valued at approximately $923,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CVA Family Office LLC bought a new position in Sandisk during the third quarter worth about $28,000. Covestor Ltd bought a new stake in shares of Sandisk in the 3rd quarter valued at about $37,000. Cromwell Holdings LLC acquired a new stake in shares of Sandisk in the 3rd quarter valued at approximately $39,000. True Wealth Design LLC bought a new position in Sandisk during the 3rd quarter worth approximately $40,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Sandisk during the third quarter valued at approximately $41,000.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven demand and constrained NAND supply are supporting Sandisk’s pricing power and order book as hyperscalers lock in flash supply, a major tailwind for revenue and margins. Sandisk Rides NAND Shortage As AI Hyperscalers Lock In Supply
• Positive Sentiment: Analyst pieces highlight continued AI-linked SSD growth and stronger enterprise traction, suggesting upside to consensus if Sandisk keeps capturing data-center share. Sandisk’s AI-Linked SSD Growth Continues: A Sign of More Upside?
• Positive Sentiment: Recent coverage documents strong YTD gains (reports cite +131% and +166% YTD figures) driven by AI/data-center demand — a reminder of the momentum underpinning the rally. Up 131% YTD, should you buy SanDisk stock right now? Sandisk (SNDK) Stock Surges 166% on AI Data Center Demand for Flash Storage
• Neutral Sentiment: Market-analysis pieces debate valuation and playbook changes after the rally; useful for longer-term positioning but not immediate catalysts. Sandisk’s Rally Tests A New Playbook
• Neutral Sentiment: Comparative coverage (Micron vs. Sandisk) highlights sector-wide supply tightness and relative investment cases — important for portfolio allocation decisions. Micron vs. SanDisk: Which Memory Chip Stock Is the Better Buy Right Now?
• Negative Sentiment: Western Digital launched a secondary offering of ~ $3.09B of Sandisk shares it still owns; Sandisk itself is not selling and will receive no proceeds — this increases near-term sell pressure and liquidity overhang. Sandisk Announces Launch of Secondary Offering of Common Stock
• Negative Sentiment: Market reaction has already shown weakness after Western Digital filed to sell shares and selling-shareholder disclosures; coverage notes the filing as a direct driver of the pullback. Sandisk stock falls after Western Digital files to sell shares
• Negative Sentiment: Short-term profit-taking and the selling-shareholder equity offering have prompted drops of a few percent in intraday trading, amplifying volatility despite strong fundamentals. SanDisk stock plunges 3%: profit-taking sparks sharp pullback Sandisk dips on equity offering by selling shareholders

Sandisk Trading Down 5.7%

NASDAQ:SNDK opened at $590.59 on Wednesday. The company has a market cap of $87.15 billion and a P/E ratio of -77.81. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $725.00. The business has a 50 day moving average price of $403.28 and a two-hundred day moving average price of $228.53. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data 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. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The business’s quarterly revenue was up 61.2% on a year-over-year basis.

Wall Street Analyst Weigh In

SNDK has been the topic of several analyst reports. Morgan Stanley set a $690.00 price target on shares of Sandisk in a research report on Friday, January 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sandisk in a report on Monday, December 29th. Zacks Research downgraded Sandisk from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. Fox Advisors raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, The Goldman Sachs Group boosted their price objective on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and a consensus price target of $542.85.

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.