Keybank National Association OH Purchases Shares of 5,306 Sandisk Corporation $SNDK

Keybank National Association OH acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,306 shares of the data storage provider’s stock, valued at approximately $595,000.

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

Wall Street Analyst Weigh In

SNDK has been the topic of a number of recent research reports. Wedbush lifted their price objective on Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Cantor Fitzgerald boosted their price target on Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Fox Advisors upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Citigroup lifted their price objective on Sandisk from $490.00 to $750.00 and gave the company a “buy” rating in a report on Monday. Finally, Barclays upped their target price on shares of Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $542.85.

Insider Activity 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 completion of the sale, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

Sandisk Price Performance

Shares of SNDK stock opened at $584.55 on Thursday. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $725.00. The stock has a market capitalization of $86.26 billion and a PE ratio of -77.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The stock’s fifty day moving average is $334.53 and its 200-day moving average is $192.32.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The business’s revenue for the quarter was up 61.2% on a year-over-year basis.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q2 results and aggressive forward guidance — revenue of ~$3.03B, EPS well above estimates, gross margins expanded and management raising next‑quarter EPS guidance substantially, which underpins the bull case for sustained AI datacenter demand. The Memory Supercycle Is Here—2 Winners From 1 Breakup (SNDK)
• Positive Sentiment: Major analyst upgrades and sharply higher price targets (Barclays, Citigroup, Cantor Fitzgerald, UBS and others) are validating the earnings beat and boosting investor demand. Barclays Nearly Doubles SanDisk (SNDK) PT to $750
• Positive Sentiment: Secure wafer supply via an extended Kioxia joint venture and product roadmap (enterprise/256TB SSDs, HBF concepts) reduce execution risk and support pricing power in a tight NAND market. SanDisk Kioxia Venture Extension Supports AI Flash Growth
• Neutral Sentiment: Spin‑off dynamics and the broader “memory supercycle” narrative have rotated capital into storage/hardware — this explains strong multi‑month outperformance but also concentrates sentiment and position sizes. The AI in a Box Trade: Hardware Is the Next Boom
• Negative Sentiment: Sharp intraday pullbacks and profit‑taking: traders are trimming positions after a parabolic run (reports note recent 10–20% intraday swings), which is driving today’s decline. Why SanDisk stock tumbled 10% today
• Negative Sentiment: Cycle and valuation risk — memory markets are cyclical; a supply ramp or cooling AI capex could reverse pricing and margins quickly. After a massive rally, downside can be amplified if growth expectations slip. Why SanDisk Stock Skyrocketed: 5 Key Questions Answered
• Negative Sentiment: Extreme technical/positioning risk — very high momentum readings, hard‑to‑borrow/short interest signals, and rapid swings mean volatility is likely to continue and can exacerbate down days. Sandisk’s Swings Are Getting Bigger—Here’s How to Play Them

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.