Tema Etfs LLC Invests $551,000 in Sandisk Corporation $SNDK

Tema Etfs LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,320 shares of the data storage provider’s stock, valued at approximately $551,000.

A number of other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sandisk in the 3rd quarter worth approximately $27,000. CVA Family Office LLC bought a new position in Sandisk in the third quarter worth approximately $28,000. Parallel Advisors LLC purchased a new position in shares of Sandisk during the 3rd quarter worth $30,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Sandisk during the 3rd quarter worth $32,000. Finally, Covestor Ltd bought a new stake in shares of Sandisk during the 3rd quarter valued at $37,000.

Sandisk Trading Up 1.3%

Shares of SNDK opened at $701.59 on Friday. The firm has a market cap of $103.55 billion, a P/E ratio of -92.44 and a beta of 5.04. 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 Corporation has a 1 year low of $27.89 and a 1 year high of $777.60. The company has a 50 day simple moving average of $621.31 and a two-hundred day simple moving average of $358.26.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.67 billion. The company’s revenue for the quarter was up 61.2% compared to the same quarter last year.

Analyst Ratings Changes

Several research firms have recently commented on SNDK. KGI Securities began coverage on Sandisk in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price objective for the company. Wedbush boosted their price target on Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Wall Street Zen upgraded Sandisk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Citigroup raised their price objective on Sandisk from $750.00 to $875.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $594.48.

Insider Transactions at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the sale, the director owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst catalyst — Bullish notes and a guidance boost prompted heavy buying, cited as the immediate trigger for the move. SanDisk (SNDK) Stock Soars 11% Following Bullish Analyst Notes and Guidance Boost
• Positive Sentiment: Broker backing — Morgan Stanley defended memory names and raised its view on Sandisk, helping calm recent sector volatility and support the stock. Morgan Stanley Defends Memory Stocks Including Sandisk Corporation (SNDK) Morgan Stanley Defends Memory Stocks (InsiderMonkey)
• Positive Sentiment: Mizuho and other firms reiterating Outperform/buy-the-dip calls add tactical support for dip buyers. Micron Stock and Sandisk Retreat. Why This Wall Street Firm Says to Buy the Pullback.
• Positive Sentiment: Underlying fundamentals — reminders of SanDisk’s strong quarter (revenue and EPS beats) and YTD outperformance keep the narrative intact that the company benefits from tight NAND supply and AI demand. SanDisk Stock (SNDK) Beats the Entire S&P 500 in Q1 — Bull Case Still Predicts 44% Upside
• Neutral Sentiment: Estimate momentum — analysts have been raising earnings estimates and the share-price rally is driving positive revisions; supportive but not a new catalyst. Will Sandisk Gain on Rising Earnings Estimates? (Zacks)
• Negative Sentiment: Valuation and momentum risk — several pieces question whether Sandisk (after a huge run) is overvalued, flagging downside if AI memory optimism cools. That concern is pressuring some traders to take profits. Are Micron and SanDisk Stocks Overvalued after AI-Driven Rally? (TipRanks)
• Negative Sentiment: “Is it too late?” debate — commentary asking whether the stock is stretched increases volatility and could limit near-term upside as traders reassess entry points. Is It Too Late To Consider Sandisk After Its Surging Share Price? (Yahoo Finance)

Sandisk Company 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.