97,000 Shares in Sandisk Corporation $SNDK Purchased by FengHe Fund Management Pte. Ltd.

FengHe Fund Management Pte. Ltd. acquired a new position in Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 97,000 shares of the data storage provider’s stock, valued at approximately $10,883,000. FengHe Fund Management Pte. Ltd. owned 0.07% of Sandisk as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cromwell Holdings LLC bought a new stake in shares of Sandisk in the 3rd quarter worth approximately $39,000. True Wealth Design LLC purchased a new position in Sandisk during the third quarter valued at $40,000. Webster Bank N. A. purchased a new position in Sandisk during the third quarter valued at $45,000. Global Retirement Partners LLC bought a new stake in Sandisk in the third quarter worth $49,000. Finally, Mather Group LLC. purchased a new stake in shares of Sandisk in the third quarter worth $60,000.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the sale, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Report says SanDisk could double prices for 3D NAND used in enterprise SSDs — if true, much higher ASPs (average selling prices) for high‑capacity enterprise flash would boost margins and revenue visibility, supporting a re-rating of SNDK. Sandisk surges after report indicating company could double price of 3D NAND for enterprise SSDs: report
• Positive Sentiment: Nomura / market writeups cited by news outlets say SanDisk plans to sharply raise prices on high‑capacity parts — reinforcing the price‑power narrative and helping lift sentiment among momentum traders and funds focused on AI supply chains. Why SanDisk Stock (SNDK) Is Surging Today
• Positive Sentiment: Bank of America raised its price target to $390 and reiterated a Buy — the upgrade follows Nvidia’s CES comments about a large unserved memory market, and BofA links that secular demand to higher valuation support for SNDK. BofA Hikes SanDisk (SNDK) PT to $390 Following Nvidia’s CES 2026 AI Roadmap
• Positive Sentiment: Nvidia CEO Jensen Huang highlighted memory as a major unserved market at CES — that macro narrative increases conviction that data‑center flash demand (and pricing) will remain strong, benefiting memory suppliers like SanDisk. SanDisk Trending After Nvidia CEO Jensen Huang Flags Memory As Major ‘Unserved Market’ With Surging Demand And Prices
• Neutral Sentiment: SanDisk appears on lists of top stocks to “double up” on for 2026 — positive publicity but more thematic than news‑driven; useful for retail inflows but not a direct catalyst. Top Stocks to Double Up on Right Now
• Neutral Sentiment: MarketBeat and other roundups note SanDisk’s massive 2025 run and early‑2026 momentum — supports investor interest and flows, though it’s reiterative of existing momentum rather than a new fundamental change. MarketBeat Week in Review – 01/05 – 01/09
• Negative Sentiment: Technical/valuation caution: coverage flagged SNDK as overbought after a ~20% surge — raises risk of a short-term pullback or consolidation despite favorable fundamentals. SanDisk Stock Just Became Overbought After 20% Surge in SNDK

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. China Renaissance started coverage on Sandisk in a research report on Friday, December 5th. They issued a “buy” rating and a $322.00 price target for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sandisk in a report on Monday, December 29th. Cantor Fitzgerald increased their price target on shares of Sandisk from $240.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Citigroup raised their price target on shares of Sandisk from $150.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Susquehanna upped their price objective on Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research report on Monday, December 8th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.17.

Sandisk Stock Up 12.8%

Sandisk stock opened at $377.41 on Friday. Sandisk Corporation has a one year low of $27.89 and a one year high of $384.00. The stock has a fifty day moving average of $241.03 and a 200 day moving average of $135.35. 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 has a market cap of $55.31 billion and a PE ratio of 1,179.41.

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

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.