Rothschild Investment LLC Takes Position in Sandisk Corporation $SNDK

Rothschild Investment LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,384 shares of the data storage provider’s stock, valued at approximately $267,000.

Several other institutional investors have also modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Sandisk during the 3rd quarter valued at about $2,328,000. Vanguard Group Inc. acquired a new position in Sandisk in the 3rd quarter valued at about $1,970,388,000. Fifth Third Bancorp purchased a new stake in shares of Sandisk in the 3rd quarter valued at approximately $208,000. Pallas Capital Advisors LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $819,000. Finally, Addison Advisors LLC purchased a new stake in shares of Sandisk during the 3rd quarter valued at approximately $45,000.

Sandisk Stock Up 12.8%

Shares of NASDAQ SNDK opened at $377.41 on Monday. The firm’s 50 day moving average price is $241.03 and its 200 day moving average price is $136.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. The firm has a market cap of $55.31 billion and a P/E ratio of 1,179.41. Sandisk Corporation has a 1 year low of $27.89 and a 1 year high of $384.00.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results 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 business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Sandisk’s revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of Sandisk in a research report on Monday, December 8th. They set a “neutral” rating and a $235.00 price objective for the company. Wall Street Zen downgraded shares of Sandisk from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 27th. UBS Group restated an “overweight” rating and set a $230.00 target price on shares of Sandisk in a research note on Monday, November 3rd. Susquehanna upped their price objective on shares of Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. Finally, Benchmark restated a “buy” rating on shares of Sandisk in a research report on Thursday, December 18th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.17.

Insider Buying and Selling at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

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.