Oregon Public Employees Retirement Fund Takes Position in Sandisk Corporation $SNDK

Oregon Public Employees Retirement Fund purchased a new position in Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 31,100 shares of the data storage provider’s stock, valued at approximately $3,489,000.

Several other large investors have also added to or reduced their stakes in the stock. Voya Investment Management LLC purchased a new position in shares of Sandisk during the third quarter valued at about $8,917,000. Romano Brothers AND Company bought a new stake in Sandisk during the 3rd quarter valued at approximately $693,000. Deprince Race & Zollo Inc. purchased a new position in shares of Sandisk during the 3rd quarter worth approximately $39,480,000. CWM LLC bought a new position in shares of Sandisk in the 3rd quarter worth approximately $7,374,000. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Sandisk in the 3rd quarter valued at approximately $1,151,000.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction 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 sale, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

More 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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SNDK shares. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. began coverage on shares of Sandisk in a research report on Monday, December 8th. They issued a “neutral” rating and a $235.00 target price on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $320.00 price target on shares of Sandisk in a research report on Friday. UBS Group restated an “overweight” rating and issued a $230.00 price objective on shares of Sandisk in a report on Monday, November 3rd. Finally, China Renaissance initiated coverage on shares of Sandisk in a research note on Friday, December 5th. They set a “buy” rating and a $322.00 target price for the company. Three investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.17.

Sandisk Stock Performance

Shares of SNDK stock opened at $377.41 on Monday. The company has a market capitalization of $55.31 billion and a price-to-earnings ratio of 1,179.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. Sandisk Corporation has a one year low of $27.89 and a one year high of $384.00. The company’s 50-day moving average is $241.03 and its 200 day moving average is $136.60.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. The company’s revenue 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.