Strs Ohio Purchases Shares of 3,225 Sandisk Corporation $SNDK

Strs Ohio acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,225 shares of the data storage provider’s stock, valued at approximately $362,000.

Several other hedge funds also recently modified their holdings of the stock. Covestor Ltd bought a new stake in Sandisk during the third quarter worth about $37,000. CVA Family Office LLC acquired a new position in shares of Sandisk during the 3rd quarter worth approximately $28,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Sandisk during the 3rd quarter worth approximately $1,816,000. Jackson Thornton Wealth Management LLC acquired a new stake in shares of Sandisk in the 3rd quarter valued at approximately $200,000. Finally, NorthCrest Asset Manangement LLC acquired a new stake in shares of Sandisk in the 3rd quarter valued at approximately $379,000.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. This represents a 26.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on SNDK shares. Benchmark upped their price target on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Zacks Research cut shares of Sandisk from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. Citigroup lifted their price target on Sandisk from $280.00 to $490.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Bank of America boosted their price target on Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Finally, UBS Group reaffirmed a “buy” rating on shares of Sandisk in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $490.60.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results substantially beat expectations — revenue ~ $3.02B (up ~61% y/y) and EPS far above consensus; management cited strong enterprise/datacenter and AI demand. Earnings Release & Slides
• Positive Sentiment: Blowout Q3 guidance: revenue guidance around $4.4–4.8B and EPS guidance (~$12–14) well above consensus, signaling much stronger demand and pricing than Street expected. Reuters: Forecast + AI Demand
• Positive Sentiment: Extended strategic supply/joint-venture support — Sandisk and Kioxia extended the Yokkaichi JV through 2034, reducing supply uncertainty for NAND output. Business Wire: JV Extension
• Positive Sentiment: Analyst reactions pushed price targets higher (examples: Wedbush raised PT to $740; Mizuho raised PT to $600), reinforcing bullish investor sentiment. Benzinga: Analyst Moves
• Neutral Sentiment: Wide media and aftermarket coverage (Barron’s, Investopedia, Zacks, Seeking Alpha) is increasing visibility and trading interest — amplifies momentum but not a fundamental change by itself. Barron’s Coverage
• Neutral Sentiment: Heavy options and leverage activity has been reported, which can increase intraday volatility; useful for traders, but adds short-term risk. Yahoo Finance: Options Activity
• Negative Sentiment: Valuation and momentum risks: the stock has already surged strongly (huge YTD/IPO run), producing an elevated P/E and leaving limited margin for execution misses or a demand slowdown; some investors may view the rally as stretched. Invezz: Valuation/Outlook
• Negative Sentiment: Macro/market risk: broader futures/market moves and any cooling in AI capex could quickly reverse sentiment given the large run-up. Benzinga: Macro Movers

Sandisk Stock Up 6.9%

Shares of SNDK opened at $576.25 on Friday. The firm has a market cap of $84.45 billion and a P/E ratio of -75.92. 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 52 week low of $27.89 and a 52 week high of $676.69. The firm’s 50-day simple moving average is $308.87 and its 200 day simple moving average is $179.60.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. Sandisk had a positive return on equity of 10.37% and a negative net margin of 11.66%.The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.67 billion. The company’s quarterly revenue was up 61.2% on a year-over-year basis.

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.