Cidel Asset Management Inc. Invests $213,000 in Sandisk Corporation $SNDK

Cidel Asset Management Inc. bought a new position in Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 896 shares of the data storage provider’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Everhart Financial Group Inc. boosted its position in shares of Sandisk by 3.4% in the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock worth $489,000 after buying an additional 67 shares during the period. Savvy Advisors Inc. boosted its position in shares of Sandisk by 1.3% in the fourth quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock worth $1,645,000 after buying an additional 87 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Sandisk by 18.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the data storage provider’s stock worth $179,000 after buying an additional 116 shares during the period. GAMMA Investing LLC boosted its position in shares of Sandisk by 3.2% in the fourth quarter. GAMMA Investing LLC now owns 4,042 shares of the data storage provider’s stock worth $959,000 after buying an additional 126 shares during the period. Finally, Cromwell Holdings LLC boosted its position in shares of Sandisk by 37.8% in the fourth quarter. Cromwell Holdings LLC now owns 478 shares of the data storage provider’s stock worth $113,000 after buying an additional 131 shares during the period.

Analysts Set New Price Targets

SNDK has been the subject of a number of research reports. Citigroup lifted their price objective on Sandisk from $750.00 to $875.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Wells Fargo & Company lifted their price objective on Sandisk from $230.00 to $380.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Benchmark lifted their price objective on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Mizuho set a $600.00 price objective on Sandisk in a research report on Tuesday, January 27th. Finally, Morgan Stanley set a $690.00 price objective on Sandisk in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $594.48.

Sandisk Trading Down 1.9%

Sandisk stock opened at $710.80 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The business’s 50-day simple moving average is $635.53 and its 200-day simple moving average is $375.11. The firm has a market capitalization of $104.91 billion, a PE ratio of -93.65 and a beta of 5.04. Sandisk Corporation has a 52 week low of $28.27 and a 52 week high of $777.60.

Sandisk (NASDAQ:SNDK) last posted 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 positive return on equity of 10.11% and a negative net margin of 11.66%.The firm’s revenue was up 61.2% compared to the same quarter last year.

Insiders Place Their Bets

In other news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares of the company’s stock, valued at $6,216,939.71. The trade was a 26.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Company-led pricing & supply moves support longer-term margins: SanDisk disclosed a NAND price increase (more than 10% effective April 1) and extended its Yokkaichi JV with Kioxia through 2034, which bolsters pricing power and advanced NAND supply continuity. Sandisk NAND Price Hike And Kioxia Deal Reshape Long Term Outlook
• Positive Sentiment: AI infrastructure demand and ETF flows have driven buying in memory names — Sandisk is a meaningful weight in the new Roundhill/DRAM-themed ETF, attracting flow-driven interest that has supported recent rallies. Why SanDisk Stock Is Rising Monday On AI Memory Buzz
• Positive Sentiment: Fundamentals and Wall Street positioning remain constructive: Sandisk beat Q1 estimates (EPS and revenue growth ~61% YoY) and has received multiple buy/outperform ratings and elevated price targets, giving investors conviction on secular AI/storage demand (analyst median targets remain well above current levels).
• Neutral Sentiment: Analysts and commentators flag Sandisk as a top Q1 performer to watch, framing recent weakness as a potential buying opportunity rather than a structural decline — this supports continued interest but also highlights near-term volatility. Analysts Back Sandisk (SNDK) Despite Selloff in Memory Stocks
• Neutral Sentiment: Comparative pieces show Sandisk as a high-growth memory play vs. peers (Micron, WDC), useful for relative positioning but not an immediate catalyst. Micron (MU) vs SanDisk (SNDK): The Best Memory Stock for 2026 Growth
• Negative Sentiment: Premarket/short-term weakness tied to interest-rate sensitivity: Coverage notes AI “parts” and data-center suppliers can be hit by rising rates and risk-off moves, which pressures momentum in high-beta names like SNDK. SNDK, WDC and STX Forecasts – AI Data Center “Parts” Looking Soft Premarket
• Negative Sentiment: Momentum caution and profit-taking risk: Coverage (Barron’s) reminds investors that sharp multi‑bag moves in AI/memory names often see intermittent pullbacks, which can amplify intraday and short‑term declines. Your Stock Just Doubled. What to Do Now.
• Negative Sentiment: Insider and institutional position shifts add caution: recent filings referenced in coverage show some large fund rebalances and a couple of insider sales, a datapoint that can exacerbate downside during broader market stress. SanDisk rises 3.1% as investors lean into NAND pricing power and a broader memory rebound

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.