Great Lakes Advisors LLC Invests $8.44 Million in Sandisk Corporation $SNDK

Great Lakes Advisors LLC bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 75,174 shares of the data storage provider’s stock, valued at approximately $8,435,000. Great Lakes Advisors LLC owned approximately 0.05% of Sandisk as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in Sandisk in the third quarter worth about $28,000. Covestor Ltd acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $37,000. Cromwell Holdings LLC acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $39,000. True Wealth Design LLC bought a new stake in shares of Sandisk in the 3rd quarter worth approximately $40,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sandisk during the third quarter valued at approximately $41,000.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the 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 completion of the sale, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. This 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 can be accessed through this link. 0.21% of the stock is owned by corporate insiders.

Sandisk Price Performance

SNDK opened at $539.30 on Friday. Sandisk Corporation has a 12-month low of $27.89 and a 12-month high of $546.75. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $79.03 billion and a P/E ratio of 1,685.31. The stock has a fifty day moving average of $301.35 and a 200-day moving average of $174.97.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Sandisk’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.

Analysts Set New Price Targets

Several research firms have issued reports on SNDK. Citigroup lifted their price target on shares of Sandisk from $280.00 to $490.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Zacks Research downgraded Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Bank of America raised their price objective on Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Royal Bank Of Canada initiated coverage on Sandisk in a research report on Wednesday, January 14th. They set a “sector perform” rating and a $400.00 target price on the stock. Finally, Wedbush upped their target price on Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $348.95.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Massive Q2 beat and upbeat guidance — SNDK reported well-above-consensus results (reported roughly $5.83 EPS vs. ~$3.31 consensus; revenue up ~61% YoY) and the company issued strong forward commentary that traders characterized as “blockbuster” Q3 guidance. SanDisk Stock Soars After Q2 Blowout Earnings, Blockbuster Q3 Guidance
• Positive Sentiment: Profit and revenue jump driven by AI demand — the company reported net profit that surged to roughly $803M from $104M a year earlier and cited accelerating enterprise SSD deployments and AI-driven NAND demand as key drivers. This fundamentally supports higher revenue visibility and margins. Sandisk Profit, Revenue Jump on AI Demand
• Positive Sentiment: Supply-security via JV extension — SanDisk and Kioxia extended their Yokkaichi joint-venture agreement through 2034, reducing execution and supply risk for NAND capacity at a time of rising demand. That supports medium-term production planning and cost management. Kioxia and Sandisk Extend Yokkaichi Joint Venture Agreement Through 2034
• Neutral Sentiment: Company disclosures and investor materials posted — the earnings press release, slide deck and conference call transcript were published, giving investors details to model revenue mix, ASPs and margin drivers. Useful for valuation updates but neutral until guidance details are fully parsed. Listen to Conference Call / View Press Release / Slide Deck
• Neutral Sentiment: Short-interest fell markedly in January — the recent drop in short positions reduces immediate short-covering risk (and the upside squeeze potential), changing the dynamics for further rapid rallies. That both tempers and rationalizes price moves depending on fundamental follow-through. An Extreme Short Squeeze Is Underway in Sandisk Stock
• Neutral Sentiment: Options and leverage activity elevated — increased options interest and retail trading flow have amplified volatility and re-priced SNDK’s risk/volatility profile; this can magnify moves in either direction. Sandisk Leverage And Options Activity Reframe Valuation And Volatility Profile
• Negative Sentiment: Steep recent run-up increases pullback risk — SNDK’s enormous rally since IPO and very high intraday multiples raise the risk of volatility and mean-reversion if future quarters or mix/ASP trends disappoint. Traders should weigh the strong quarter against valuation and execution risk. SanDisk Q2 Earnings Preview: What To Expect After 1,300% Stock Gains

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.