120,730 Shares in Sandisk Corporation $SNDK Bought by New York State Teachers Retirement System

New York State Teachers Retirement System bought a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 120,730 shares of the data storage provider’s stock, valued at approximately $13,546,000. New York State Teachers Retirement System owned 0.08% of Sandisk as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Parnassus Investments LLC bought a new position in shares of Sandisk in the 3rd quarter worth about $103,815,000. Deprince Race & Zollo Inc. acquired a new stake in Sandisk during the third quarter worth approximately $39,480,000. FengHe Fund Management Pte. Ltd. acquired a new stake in Sandisk during the third quarter worth approximately $10,883,000. Voya Investment Management LLC bought a new stake in Sandisk in the third quarter worth approximately $8,917,000. Finally, State of Alaska Department of Revenue acquired a new position in Sandisk in the third quarter valued at approximately $7,792,000.

Sandisk Stock Up 0.1%

Sandisk stock opened at $389.81 on Wednesday. The firm has a market capitalization of $57.13 billion and a price-to-earnings ratio of 1,218.16. The firm’s fifty day moving average price is $248.58 and its two-hundred day moving average price is $141.42. Sandisk Corporation has a 1-year low of $27.89 and a 1-year high of $398.00. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14.

Sandisk (NASDAQ:SNDK) last posted its 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 during the quarter, compared to analyst estimates of $2.12 billion. The business’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.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI/inference demand and hyperscaler wins are driving a 52-week high and fundamental upside: Zacks highlights BiCS8 technology and expanding hyperscaler partnerships as reasons SNDK looks worth buying. SNDK Hits a 52-Week High: 3 Reasons Why the Stock is Worth Buying Now
• Positive Sentiment: Macro shift from AI training to inference is cited as a durable demand driver that could sustain revenue/pricing for Sandisk. Seeking Alpha argues inference-led growth supports continued upside. AI Inference Is Why Sandisk Will Keep Exploding Higher
• Positive Sentiment: Media coverage and momentum trades are amplifying flows: The Motley Fool and Forbes note big multi-month gains and heavy investor demand, helping push shares into momentum territory. Up 948%, Should You Buy Sandisk Right Now?
• Positive Sentiment: Reports that Sandisk could raise 3D NAND prices materially support margin and revenue upside, which traders rewarded with a sharp share jump. As SanDisk Eyes Doubling Memory Prices, Should You Buy Red-Hot SNDK Stock?
• Positive Sentiment: High-profile endorsements and analyst attention — including Jim Cramer coverage and Zacks’ “Bull of the Day” — are reinforcing retail and institutional interest. Sandisk (SNDK) is at the Heart of Everything, Says Jim Cramer
• Neutral Sentiment: Market commentary asks whether the rally can hold as momentum trades dominate; Barchart examines sustainability without new fundamental news. As SanDisk Kicks Off 2026 Strong, Can SNDK’s Stock Rally Hold?
• Neutral Sentiment: Trading-focused coverage (video/options ideas) is fueling short-term flows rather than long-term fundamental changes. The Big 3: SNDK, BIDU, COF
• Negative Sentiment: Short interest rose in December to ~8.8M shares (about 6% of float) with a low days-to-cover, which can amplify volatility and indicate some investor skepticism. (Internal short-interest reports)
• Negative Sentiment: Valuation and momentum risk: the stock’s rapid run-up and a very high P/E leave it exposed to sharp reversals if NAND pricing or AI demand disappoints. (Market/valuation observation)

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director owned 3,479 shares in the company, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on SNDK shares. UBS Group reaffirmed an “overweight” rating and set a $230.00 price objective on shares of Sandisk in a research report on Monday, November 3rd. Wells Fargo & Company raised their price target on shares of Sandisk from $115.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Wall Street Zen lowered shares of Sandisk from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 27th. Benchmark restated a “buy” rating on shares of Sandisk in a research note on Thursday, December 18th. Finally, Cantor Fitzgerald boosted their target price on Sandisk from $240.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.17.

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.