Amalgamated Bank Invests $4.72 Million in Sandisk Corporation $SNDK

Amalgamated Bank acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 42,054 shares of the data storage provider’s stock, valued at approximately $4,718,000.

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

Wall Street Analysts Forecast Growth

SNDK has been the subject of a number of research analyst reports. Mizuho lifted their price target on Sandisk from $250.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Barclays set a $385.00 price objective on Sandisk in a research report on Thursday, January 15th. Wall Street Zen lowered Sandisk from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. Finally, Royal Bank Of Canada assumed coverage on shares of Sandisk in a research report on Wednesday, January 14th. They set a “sector perform” rating and a $400.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $327.89.

Insider Buying and Selling at Sandisk

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

Sandisk Stock Performance

SNDK opened at $501.29 on Thursday. The business’s fifty day moving average is $270.43 and its 200-day moving average is $156.85. Sandisk Corporation has a 52-week low of $27.89 and a 52-week high of $501.95. 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 firm has a market cap of $73.46 billion and a P/E ratio of 1,566.53.

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

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Institutional rotation into storage/memory: Analysts and market commentators say AI spending is shifting from GPUs to high‑speed storage (checkpointing, data-center SSDs), creating a structural supply squeeze that boosts SanDisk’s pricing power and margins. Forget the Chips, Buy Memory: Why AI Money Is Moving to Storage
• Positive Sentiment: Analyst price-target upgrades: Citi and other firms have raised targets (Citi to $490 cited), and at least one shop boosted its target ~75%, reinforcing bullish analyst sentiment and drawing fresh buying. Sandisk Stock Continues Meteoric Rise. It’s the Top Stock in the S&P 500 Today.
• Positive Sentiment: Momentum/technical breakout and record highs: Multiple outlets report a pennant breakout and all‑time highs on heavy volume, attracting momentum traders and amplifying gains. SanDisk (SNDK) Stock: This 1,100% Winner Just Hit Another All-Time High
• Neutral Sentiment: Upcoming earnings as catalyst: SanDisk heads into a near‑term earnings report (late January) with elevated expectations (consensus/estimates have risen); results could reinforce the rally or trigger a reset. SanDisk Stock Soars to Record High Ahead of Q2 Earnings – Buy Now or Wait?
• Neutral Sentiment: High‑profile endorsements: Media/TV bullish comments (e.g., Jim Cramer) are supporting sentiment but primarily drive flows rather than fundamentals. Jim Cramer Says AI Stocks Micron and Sandisk Can Go Even Higher
• Negative Sentiment: Technical/mean‑reversion risk: Several technical writeups warn SNDK is very overbought after a steep run — raises the chance of a sharp pullback or consolidation. Stock Of The Day: When Will The SanDisk Rally End?
• Negative Sentiment: Valuation and concentration risk: The stock’s run implies very rich multiples and heavy short‑term positioning; if supply/demand dynamics or earnings miss expectations, downside could be swift. Sandisk Rips Higher, Tops S&P 500

Sandisk 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.