99,583 Shares in Sandisk Corporation $SNDK Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 99,583 shares of the data storage provider’s stock, valued at approximately $11,173,000.

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

Sandisk Stock Down 16.0%

Sandisk stock opened at $584.55 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. Sandisk Corporation has a one year low of $27.89 and a one year high of $725.00. The company has a 50-day simple moving average of $334.53 and a 200-day simple moving average of $192.32. The firm has a market capitalization of $86.26 billion and a P/E ratio of -77.02.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.67 billion. The firm’s revenue was up 61.2% compared to the same quarter last year.

Insider Buying and Selling at Sandisk

In other 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 transaction of $248,022.94. Following the completion of the transaction, the director directly owned 3,479 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

Key Headlines Impacting 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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Mizuho set a $600.00 target price on Sandisk in a research report on Tuesday, January 27th. Barclays boosted their target price on shares of Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research note on Monday. Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. 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 target for the company. Finally, Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. One research 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $542.85.

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.