2,731 Shares in Sandisk Corporation $SNDK Purchased by Horizon Investments LLC

Horizon Investments LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,731 shares of the data storage provider’s stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNDK. Vanguard Group Inc. acquired a new position in shares of Sandisk in the 3rd quarter valued at approximately $1,970,388,000. State Street Corp bought a new stake in Sandisk during the 3rd quarter worth approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Sandisk in the 3rd quarter valued at $297,293,000. Bank of America Corp DE bought a new stake in shares of Sandisk in the 3rd quarter valued at $190,425,000. Finally, AQR Capital Management LLC bought a new stake in shares of Sandisk in the 3rd quarter valued at $163,057,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SNDK shares. Mizuho set a $1,220.00 target price on shares of Sandisk in a research note on Friday, May 1st. Wells Fargo & Company increased their target price on shares of Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Melius Research initiated coverage on shares of Sandisk in a report on Monday, April 27th. They issued a “buy” rating for the company. Wedbush raised their price objective on shares of Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Evercore reiterated an “outperform” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,065.81.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Shares are benefiting from the broad AI memory supercycle trade, as investors rotate into SanDisk and Micron on expectations that AI data-center demand will keep memory supply tight and pricing strong. SanDisk Did In Months What Nvidia Took 9 Years To Pull Off — And The Chart Looks Almost Unreal
• Positive Sentiment: Wall Street sentiment remains bullish after Cantor Fitzgerald raised its price target on SanDisk to $1,800 and Goldman Sachs lifted its target to $1,200, reinforcing the view that the stock still has room to run after its strong earnings beat and raised outlook. Why Sandisk Corporation (SNDK) is One of the Top Stock Giants That Were Suddenly On Fire in April Goldman Sachs Raises its Price Target on SanDisk (SNDK) to $1,200
• Positive Sentiment: Analyst chatter and media coverage are increasingly framing SanDisk as a leading beneficiary of AI infrastructure spending, including reports that the company has locked in major AI-related deals and could still nearly double from current levels if the memory boom persists. SanDisk to $2,000: Why This Analyst Is Betting SNDK Stock Can Still Almost Double — And Putting Up the Highest Price Target on Wall Street SanDisk stock surges 10% after locking in $42 billion in AI deals
• Neutral Sentiment: Some commentary suggests the move is getting stretched after an enormous run, with options activity and short-interest concerns signaling that traders may be preparing for volatility even if the longer-term thesis remains intact. Sandisk: The Options Market Is Pricing A Big Selloff (Technical Analysis)
• Negative Sentiment: Near-term pullbacks have been tied to bubble concerns and short-selling pressure, with some investors warning the AI rally may be overheated even as others still see further upside. Why Is SanDisk Stock Falling On Thursday?

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 transaction of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

Shares of SNDK opened at $1,562.34 on Friday. The firm has a market cap of $231.37 billion, a price-to-earnings ratio of 54.30 and a beta of 4.82. Sandisk Corporation has a fifty-two week low of $35.79 and a fifty-two week high of $1,564.00. The firm has a 50 day moving average price of $797.19 and a 200-day moving average price of $500.60.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion for the quarter. During the same period in the previous year, the firm earned ($0.30) earnings per share. The firm’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts predict that Sandisk Corporation will post 63.93 earnings per share for the current year.

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.