iA Global Asset Management Inc. Purchases Shares of 89,360 Sandisk Corporation $SNDK

iA Global Asset Management Inc. acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 89,360 shares of the data storage provider’s stock, valued at approximately $10,026,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new position in Sandisk during the 3rd quarter worth $13,546,000. HB Wealth Management LLC purchased a new stake in shares of Sandisk during the third quarter worth about $348,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Sandisk during the third quarter worth about $514,000. RWC Asset Management LLP acquired a new position in shares of Sandisk during the third quarter valued at about $6,892,000. Finally, Parnassus Investments LLC purchased a new position in shares of Sandisk in the 3rd quarter valued at approximately $103,815,000.

Sandisk Price Performance

NASDAQ:SNDK opened at $473.83 on Friday. The firm’s fifty day moving average is $280.02 and its two-hundred day moving average is $162.23. The firm has a market cap of $69.44 billion and a price-to-earnings ratio of 1,480.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. Sandisk Corporation has a one year low of $27.89 and a one year high of $509.50.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. The company’s quarterly 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: Structural AI-driven demand is shifting smart money into storage (hot-tier SSDs) where Sandisk benefits from pricing power and supply tightness—this underpins revenue and margin upside. Forget the Chips, Buy Memory: Why AI Money Is Moving to Storage
• Positive Sentiment: Sandisk has a history of beating estimates and analysts see another potential upside to EPS based on operating leverage and recent demand trends—this supports upside to guidance and stock momentum. Why Sandisk Could Beat Earnings Estimates Again
• Positive Sentiment: Heavy short interest and prior squeeze activity have created a crowded long/short setup—reports estimate large losses for shorts, which can amplify rallies if buying resumes. Sandisk rally inflicts $3B loss on shorts
• Neutral Sentiment: Investors are focused on SNDK’s upcoming Q2 2026 report and guidance; expectations are elevated after recent beats, so the stock is sensitive to any conservative guidance or supply/price commentary. What to Expect From Sandisk’s Q2 2026 Earnings Report
• Negative Sentiment: Profit-taking and a short-term pause in the AI memory rally are pressuring the stock after an extraordinary run (over 1,000%+ since early 2025); technical momentum is cooling, which can accelerate pullbacks. SanDisk Stock Extends Pullback As AI Memory Rally Catches Its Breath
• Negative Sentiment: Valuation and analyst caution: some outlets flag SNDK as richly valued and vulnerable to sharp reversals if growth or guidance disappoints—raises downside risk for momentum traders. 2 Ultra-Popular AI Stocks to Sell Before They Drop

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the business’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 completion of the transaction, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Royal Bank Of Canada initiated coverage on shares of Sandisk in a research note on Wednesday, January 14th. They issued a “sector perform” rating and a $400.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research note on Monday, December 8th. They set a “neutral” rating and a $235.00 price objective for the company. Wells Fargo & Company upped their target price on Sandisk from $230.00 to $380.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Sanford C. Bernstein lifted their price target on Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $320.00 price target on shares of Sandisk in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $327.89.

Sandisk 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.