Voya Investment Management LLC Invests $8.92 Million in Sandisk Corporation $SNDK

Voya Investment Management LLC bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 79,477 shares of the data storage provider’s stock, valued at approximately $8,917,000.

Other hedge funds also recently added to or reduced their stakes in the company. Corient Private Wealth LLC acquired a new stake in Sandisk during the 2nd quarter worth about $353,000. Osaic Holdings Inc. acquired a new position in shares of Sandisk in the 2nd quarter valued at about $317,000. Praxis Investment Management Inc. purchased a new stake in shares of Sandisk in the third quarter worth about $533,000. Finally, GAMMA Investing LLC acquired a new stake in Sandisk during the third quarter worth about $439,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a report on Monday. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Benchmark reiterated a “buy” rating on shares of Sandisk in a research note on Thursday, December 18th. Citigroup increased their price target on shares of Sandisk from $150.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Sandisk from $115.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and a consensus target price of $213.33.

Insider Buying and Selling at Sandisk

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

Sandisk Trading Up 1.6%

Shares of NASDAQ:SNDK opened at $244.90 on Wednesday. The business’s 50 day moving average price is $211.11 and its 200-day moving average price is $114.73. Sandisk Corporation has a 1 year low of $27.89 and a 1 year high of $284.76. The firm has a market capitalization of $35.89 billion and a price-to-earnings ratio of 765.31. 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 posted its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.12 billion. The business’s revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Sandisk Company 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.