Caerus Investment Advisors LLC Trims Stock Position in Sandisk Corporation $SNDK

Caerus Investment Advisors LLC trimmed its position in Sandisk Corporation (NASDAQ:SNDK) by 51.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,387 shares of the data storage provider’s stock after selling 1,477 shares during the quarter. Caerus Investment Advisors LLC’s holdings in Sandisk were worth $881,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SNDK. State Street Corp acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $491,053,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sandisk during the 3rd quarter valued at approximately $297,293,000. Norges Bank acquired a new position in Sandisk in the fourth quarter valued at approximately $518,889,000. Bank of America Corp DE acquired a new position in Sandisk in the third quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC purchased a new position in Sandisk in the third quarter worth approximately $163,057,000.

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,214.83 on Friday. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39. The company has a 50 day moving average price of $1,729.14 and a 200 day moving average price of $1,116.58. The stock has a market capitalization of $179.90 billion, a P/E ratio of 42.23 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion for the quarter. During the same period in the previous year, the firm earned ($0.30) EPS. The firm’s revenue for the quarter was up 251.0% compared to the same quarter last year. Research analysts forecast that Sandisk Corporation will post 64.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SNDK. Cantor Fitzgerald raised their target price on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Evercore set a $3,100.00 price target on Sandisk in a research note on Monday, July 13th. Royal Bank Of Canada increased their price target on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Citigroup boosted their price objective on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $1,811.38.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure spending remains a major potential growth driver. Analysts point to more than $750 billion in expected 2026 Big Tech capital expenditures, which could support demand for Sandisk’s enterprise storage and memory products. Buy 5 AI Infrastructure Stocks as Big Tech’s Assure Lasting AI Frenzy
• Positive Sentiment: Microsoft’s roughly $190 billion capital-spending commitment and strong AI-related results helped revive optimism about data-center demand. Samsung also reported a sharp increase in chip profit and expects memory shortages to persist into 2028, supporting the broader industry outlook. Why Memory Stocks Are Roaring Back
• Positive Sentiment: Several bullish analyses argue that AI inference and enterprise storage may structurally improve NAND demand. Sandisk has reportedly exceeded earnings and revenue expectations for five consecutive quarters, while analysts have continued raising estimates. Sandisk’s Biggest Opportunity Yet
• Neutral Sentiment: Options traders expect a significant move around the August 5 earnings release. The event could bring a sharp rebound if results and guidance confirm AI demand, but it also creates elevated downside risk if expectations are missed. SanDisk Q4 Earnings Options Outlook
• Negative Sentiment: Investors remain concerned that Chinese competition could intensify another NAND downturn. Some analysts also warn that the AI boom may moderate before 2029, making Sandisk’s elevated valuation and ambitious price targets vulnerable. Sandisk Stock Slides as Chinese Competition Rattles NAND Outlook
• Negative Sentiment: The rapid reversal in memory stocks and recent forced selling have weakened sentiment, with Sandisk’s technical indicators reaching deeply oversold levels. That may attract bargain hunters, but it also highlights how sharply expectations and momentum have deteriorated. Is the Sandisk Stock Crash Over?

Insider Transactions at Sandisk

In related news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 6,225 shares of company stock valued at $10,166,297. Corporate insiders own 0.21% of the company’s stock.

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.