ARS Investment Partners LLC Takes Position in Sandisk Corporation $SNDK

ARS Investment Partners LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,213 shares of the data storage provider’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNDK. Voya Investment Management LLC bought a new position in shares of Sandisk in the third quarter worth about $8,917,000. Perpetual Ltd acquired a new stake in shares of Sandisk in the third quarter valued at approximately $558,000. Yousif Capital Management LLC bought a new position in Sandisk in the 3rd quarter worth approximately $5,041,000. Brighton Jones LLC bought a new position in Sandisk in the 3rd quarter worth approximately $989,000. Finally, S.A. Mason LLC acquired a new position in Sandisk during the 3rd quarter worth $252,000.

Insider Buying and Selling

In other Sandisk 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 transaction, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. The trade was a 26.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SNDK. Barclays lifted their target price on Sandisk from $39.00 to $220.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Bank of America boosted their price objective on Sandisk from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. began coverage on shares of Sandisk in a research report on Monday, December 8th. They set a “neutral” rating and a $235.00 price target for the company. Wedbush increased their price objective on shares of Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Mizuho upped their target price on shares of Sandisk to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.33.

Sandisk Trading Up 2.1%

NASDAQ SNDK opened at $250.08 on Friday. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $284.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. The stock’s 50 day moving average price is $215.34 and its two-hundred day moving average price is $116.61. The stock has a market capitalization of $36.65 billion and a price-to-earnings ratio of 781.50.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.12 billion. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

About Sandisk

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.