Arizona State Retirement System Invests $4.57 Million in Sandisk Corporation $SNDK

Arizona State Retirement System acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,752 shares of the data storage provider’s stock, valued at approximately $4,572,000.

Several other hedge funds have also made changes to their positions in the stock. Osaic Holdings Inc. bought a new stake in Sandisk in the 2nd quarter valued at about $317,000. Corient Private Wealth LLC bought a new stake in Sandisk during the second quarter worth approximately $353,000. Praxis Investment Management Inc. bought a new stake in Sandisk during the third quarter worth approximately $533,000. GAMMA Investing LLC bought a new position in Sandisk during the third quarter valued at about $439,000. Finally, Voya Investment Management LLC acquired a new position in Sandisk during the third quarter worth about $8,917,000.

Sandisk Stock Performance

SNDK opened at $665.24 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The company has a market cap of $97.49 billion and a PE ratio of -87.65. The stock has a 50-day moving average of $317.63 and a 200-day moving average of $184.96. Sandisk Corporation has a 52-week low of $27.89 and a 52-week high of $676.69.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The firm’s revenue was up 61.2% compared to the same quarter last year.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results and outlook beat expectations — SanDisk reported a strong quarter with revenue up sharply year-over-year and an earnings beat that investors are still digesting; the earnings momentum is the catalyst cited across outlets. SanDisk stocks rockets another 16% today
• Positive Sentiment: Major analyst price-target lifts and upgrades — Citigroup raised its target to $750 with a Buy rating, and other outlets report targets in the $690–$740 range, signaling Wall Street conviction that there’s more upside. Benzinga coverage of Citigroup price-target raise
• Positive Sentiment: Wall Street bullishness and big price targets — Several pieces highlight multi‑hundred percent gains since the spin‑off and some analysts projecting $1,000+ long-term targets, reinforcing momentum buying. Up 1,479%, Wall Street Sees Sandisk Hitting $1,000
• Positive Sentiment: Industry narrative: AI-driven NAND demand — Analysis pieces argue SanDisk is benefiting from structural NAND/AI demand, higher margins and strong unit economics versus cyclical peers, which supports a higher valuation multiple. Seeking Alpha: Smart money moving to Sandisk
• Neutral Sentiment: Momentum and retail-interest anecdotes — Coverage notes big individual gains (e.g., a publicized 54% return by a noted investor), which fuels retail interest but is anecdotal for fundamentals. TipRanks: Investor return anecdote
• Negative Sentiment: Sharp overbought/technical risk — Technical coverage flags the stock sitting hundreds of percent above its 200‑day moving average (reports cite ~380% above), which raises heightened short‑term pullback risk for momentum‑driven traders. Benzinga: 380% above 200-day average

Insider Transactions at Sandisk

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SNDK shares. UBS Group set a $1,000.00 target price on Sandisk in a research report on Monday. Wall Street Zen raised Sandisk from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Cantor Fitzgerald upped their price objective on shares of Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a research note on Friday. Wedbush raised their target price on shares of Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Zacks Research cut Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $542.85.

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.