538,459 Shares in Sandisk Corporation $SNDK Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 538,459 shares of the data storage provider’s stock, valued at approximately $60,415,000.

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

Analyst Ratings Changes

Several analysts have commented on SNDK shares. Mizuho set a $600.00 target price on shares of Sandisk in a research report on Tuesday, January 27th. JPMorgan Chase & Co. started 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Cantor Fitzgerald raised their target price on Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, Barclays raised their price objective on Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $542.85.

Insider Buying and Selling

In other news, Director Necip Sayiner sold 1,271 shares of the company’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 $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure boom + NAND shortage — multiple write-ups explain that data-center AI spending has created an acute need for high‑performance flash; tight NAND supply is lifting prices and SanDisk’s revenue/earnings outlook. Article Title
• Positive Sentiment: Sector momentum from peers — Micron’s early HBM4 shipments and other memory headlines have boosted the whole memory group, sparking cross‑stock buying that’s lifted SNDK. Article Title
• Positive Sentiment: Business positioning — coverage highlights SanDisk’s Kioxia JV scale, focus on premium enterprise SSDs (including very high‑density drives) and pricing power versus peers, which can sustain margins during a shortage. Article Title
• Neutral Sentiment: Ownership & analyst view — TFirms and retail ownership shifts are being documented and some street price targets have moved higher, but analysts differ on how sustainable current multiples are. Article Title
• Neutral Sentiment: Investor composition — recent coverage looks at who owns SNDK after big YTD gains; elevated retail/institution interest can amplify moves in both directions. Article Title
• Negative Sentiment: Valuation & cycle risk — multiple pieces warn that after a parabolic rally much of the AI/storage upside is priced in; a memory-cycle flip, supply ramp or any demand slowdown could produce a sharp pullback. Article Title
• Negative Sentiment: “Buy the dip?” debate — commentators note the stock has pulled back from very recent highs and caution that chasing at peak multiples is risky; some suggest waiting for a clearer pullback or confirmation of sustained profit growth. Article Title

Sandisk Stock Up 5.2%

SNDK stock opened at $630.29 on Friday. The stock has a market capitalization of $93.01 billion and a price-to-earnings ratio of -83.04. The company has a 50-day moving average of $379.87 and a two-hundred day moving average of $214.03. Sandisk Corporation has a 52-week low of $27.89 and a 52-week high of $725.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92.

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

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.