Seelaus Asset Management LLC Purchases New Stake in Sandisk Corporation $SNDK

Seelaus Asset Management LLC purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the third quarter, HoldingsChannel.com reports. The fund purchased 2,255 shares of the data storage provider’s stock, valued at approximately $253,000.

A number of other institutional investors have also recently added to or reduced their stakes in SNDK. Parnassus Investments LLC bought a new position in shares of Sandisk during the third quarter worth about $103,815,000. Deprince Race & Zollo Inc. acquired a new stake in Sandisk in the 3rd quarter valued at approximately $39,480,000. Teacher Retirement System of Texas bought a new stake in Sandisk during the 3rd quarter valued at $32,770,000. AIGH Capital Management LLC acquired a new position in Sandisk during the 3rd quarter worth $31,416,000. Finally, New York State Teachers Retirement System bought a new position in shares of Sandisk in the third quarter worth $13,546,000.

Sandisk Trading Down 5.9%

NASDAQ:SNDK traded down $29.61 on Friday, hitting $473.83. 20,984,314 shares of the stock were exchanged, compared to its average volume of 12,442,360. The company’s 50-day moving average price is $280.02 and its 200 day moving average price is $162.23. 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 stock has a market capitalization of $69.44 billion and a price-to-earnings ratio of 1,480.72. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $509.50.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.64. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.12 billion. Sandisk’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Key Sandisk News

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 Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. China Renaissance started coverage on shares of Sandisk in a research note on Friday, December 5th. They set a “buy” rating and a $322.00 price objective on the stock. Bank of America boosted their price target on shares of Sandisk from $300.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Wells Fargo & Company raised their price target on shares of Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $320.00 target price on shares of Sandisk in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price objective for the company. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $327.89.

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.