Y-Intercept (Hong Kong) 13F: Exits Sandisk (SNDK) Stake

Y-Intercept (Hong Kong) has completely exited its position in Sandisk Corporation (SNDK), as disclosed in a filing on October 16, 2026. The fund sold all 8,149 shares it previously held, marking a 100% decrease in its stake.

What Changed in Y-Intercept's Sandisk Position

Y-Intercept cut its position in Sandisk Corporation, selling out of its 8,149 shares. This sale reflects a complete exit, meaning the fund no longer holds any shares in Sandisk.

Other Institutional Activity in Sandisk

In the latest quarter, several other large investors made adjustments to their holdings in Sandisk. Blackrock Inc. reduced its stake by 108,196 shares, now holding 10,295,300 shares valued at approximately $13.4 billion. In contrast, Vanguard Capital Management LLC increased its position by 141,942 shares, ending with 9,668,255 shares worth about $12.6 billion. FMR, LLC significantly cut its holdings by 5,529,010 shares, now owning 7,861,665 shares valued at roughly $10.2 billion. State Street Corporation added 353,395 shares, resulting in a total of 5,927,453 shares, worth approximately $7.7 billion. Meanwhile, Invesco Ltd. boosted its holdings by 4,445,117 shares, bringing its total to 5,610,346 shares valued at about $7.3 billion.

Sandisk Corporation Stock Down 6.3%

Sandisk's shares recently traded around $1,315.60, which is below its 50-day moving average of $1,591.35 by 17.3%. The stock is also considerably under its 52-week high of $2,354.39, representing a decline of 44.1%. Conversely, it trades above its 52-week low of $136.29 by 865.3%. With a mean price target of $2,173.00, there's considerable upside potential from current levels.

Recent Earnings

For the latest earnings, Sandisk reported trailing twelve-month revenue of $20.2 billion, with a year-over-year revenue growth of 371.6%. The company posted an EPS of $73.76, and it has a high net margin of 56.5%. Sandisk's next earnings report is expected on October 29, 2026.

Insider Buying and Selling at Sandisk Corporation

Recently, several insiders sold shares of Sandisk. On September 8, 2026, Officer Bernard Shek sold 2,308 shares at an average price of $1,767.33, totaling about $4.1 million. CEO David V. Goeckeler sold 33,838 shares on two occasions, with the first sale on September 14 and the second on September 17, amounting to a total value of around $51.7 million and $53.3 million, respectively. CFO Luis Felipe Visoso sold 1,000 shares on September 15 at an average price of $1,568.83 for about $1.6 million.

Analysts Set New Price Targets

Analysts have recently maintained various ratings on Sandisk. On August 14, 2026, RBC Capital kept its 'Sector Perform' rating, adjusting the price target to $1,600, up from $1,300. Wells Fargo also maintained an 'Equal-Weight' rating with a price target of $1,550, increased from $1,400. On August 25, Mizuho maintained an 'Outperform' rating but lowered its target from $1,900 to $1,875. Later, Rosenblatt initiated coverage with a 'Buy' rating and a $2,400 target on September 22. Mizuho then adjusted its target to $2,050 on October 6, up from $1,875.

About Sandisk

Sandisk Corporation specializes in data storage solutions using NAND flash technology. It manufactures and sells a range of storage devices globally, serving various markets, including consumer electronics and data centers. The recent exit by Y-Intercept may reflect broader market trends or shifts in the fund's investment strategy.

Bottom Line

Investors should keep an eye on Sandisk's upcoming earnings report on October 29, 2026, for insights into its performance. The latest filing from Y-Intercept shows a complete exit from Sandisk, which may signal changing market sentiment. As always, filings reflect past holdings and may not represent current positions.