American Assets Investment Management LLC Takes $2.24 Million Position in Sandisk Corporation $SNDK

American Assets Investment Management LLC purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,000 shares of the data storage provider’s stock, valued at approximately $2,244,000.

Several other institutional investors have also recently made changes to their positions in SNDK. Vanguard Personalized Indexing Management LLC purchased a new position in Sandisk during the third quarter valued at approximately $1,136,000. New York State Teachers Retirement System bought a new stake in shares of Sandisk during the 3rd quarter valued at $13,546,000. Sage Rhino Capital LLC purchased a new position in shares of Sandisk during the 3rd quarter valued at $587,000. HB Wealth Management LLC purchased a new position in shares of Sandisk during the 3rd quarter valued at $348,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Sandisk in the 3rd quarter worth $7,046,000.

Sandisk Stock Performance

NASDAQ SNDK opened at $597.95 on Friday. The business’s 50 day moving average price is $349.24 and its 200-day moving average price is $199.95. Sandisk Corporation has a fifty-two week low of $27.89 and a fifty-two week high of $725.00. The company has a market cap of $88.24 billion and a P/E ratio of -78.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Zacks Research downgraded Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. The Goldman Sachs Group lifted their price objective on shares of Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Susquehanna boosted their target price on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, December 8th. Finally, Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and an average target price of $542.85.

Insider Buying and Selling

In related news, Director Necip Sayiner sold 1,271 shares of the business’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 value of $248,022.94. Following the completion of the transaction, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts materially raised revenue forecasts for Sandisk, with one report saying analyst models were boosted ~38%, supporting higher near-term expectations for sales tied to AI data-center demand. Industry Analysts Just Upgraded Their Sandisk Corporation (NASDAQ:SNDK) Revenue Forecasts By 38%
• Positive Sentiment: Recent earnings smashed estimates (big revenue beat and raised forward EPS range), reinforcing the bull case that Sandisk is a direct play on flash/NAND shortages driven by AI infrastructure. This underpins strong buying on dips. Sandisk’s Swings Are Getting Bigger—Here’s How to Play Them
• Positive Sentiment: Industry write-ups and analyst reiterations (Cantor Fitzgerald, UBS price targets cited) and upgrades from outlets helped lift sentiment and institutional interest. Sandisk (NASDAQ:SNDK) Shares Up 4.6% on Analyst Upgrade
• Positive Sentiment: Commentary frames Sandisk as a pure-play way to capture AI-driven flash memory shortages and HBM/high-bandwidth demand, attracting thematic AI investors. 2 Top Artificial Intelligence Stocks to Buy in February
• Neutral Sentiment: Technical/flow-based signals (e.g., “power inflow”) and momentum strategies have triggered large short-term moves; these can sustain rallies but also reverse quickly. Sandisk Shares Rise Over 7% Following Key Trading Signal
• Neutral Sentiment: Multiple outlets note broad analyst coverage updates (10 analysts updating or initiating), which increases attention and liquidity but can also add to short-term dispersion in estimates. Sandisk Corporation (SNDK) 10 Analysts Update Coverage
• Negative Sentiment: Coverage warns of large intraday swings and occasional sharp pullbacks after the stock’s parabolic run — past 20% intraday drops were quickly followed by big rallies, indicating higher downside risk for near-term traders. Why Sandisk Corporation’s (SNDK) Stock Is Down 7.15%

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.