Pallas Capital Advisors LLC Purchases Shares of 7,301 Sandisk Corporation $SNDK

Pallas Capital Advisors LLC acquired a new position in Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,301 shares of the data storage provider’s stock, valued at approximately $819,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Addison Advisors LLC purchased a new stake in Sandisk in the third quarter valued at approximately $45,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Sandisk in the third quarter valued at $5,576,000. PNC Financial Services Group Inc. purchased a new stake in shares of Sandisk in the 3rd quarter valued at $989,000. GF Fund Management CO. LTD. acquired a new position in Sandisk during the 3rd quarter worth about $45,206,000. Finally, Public Sector Pension Investment Board purchased a new position in Sandisk during the 3rd quarter valued at about $60,415,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven demand and constrained NAND supply are supporting Sandisk’s pricing power and order book as hyperscalers lock in flash supply, a major tailwind for revenue and margins. Sandisk Rides NAND Shortage As AI Hyperscalers Lock In Supply
• Positive Sentiment: Analyst pieces highlight continued AI-linked SSD growth and stronger enterprise traction, suggesting upside to consensus if Sandisk keeps capturing data-center share. Sandisk’s AI-Linked SSD Growth Continues: A Sign of More Upside?
• Positive Sentiment: Recent coverage documents strong YTD gains (reports cite +131% and +166% YTD figures) driven by AI/data-center demand — a reminder of the momentum underpinning the rally. Up 131% YTD, should you buy SanDisk stock right now? Sandisk (SNDK) Stock Surges 166% on AI Data Center Demand for Flash Storage
• Neutral Sentiment: Market-analysis pieces debate valuation and playbook changes after the rally; useful for longer-term positioning but not immediate catalysts. Sandisk’s Rally Tests A New Playbook
• Neutral Sentiment: Comparative coverage (Micron vs. Sandisk) highlights sector-wide supply tightness and relative investment cases — important for portfolio allocation decisions. Micron vs. SanDisk: Which Memory Chip Stock Is the Better Buy Right Now?
• Negative Sentiment: Western Digital launched a secondary offering of ~ $3.09B of Sandisk shares it still owns; Sandisk itself is not selling and will receive no proceeds — this increases near-term sell pressure and liquidity overhang. Sandisk Announces Launch of Secondary Offering of Common Stock
• Negative Sentiment: Market reaction has already shown weakness after Western Digital filed to sell shares and selling-shareholder disclosures; coverage notes the filing as a direct driver of the pullback. Sandisk stock falls after Western Digital files to sell shares
• Negative Sentiment: Short-term profit-taking and the selling-shareholder equity offering have prompted drops of a few percent in intraday trading, amplifying volatility despite strong fundamentals. SanDisk stock plunges 3%: profit-taking sparks sharp pullback Sandisk dips on equity offering by selling shareholders

Insider Transactions at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s 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 sale, the director owned 3,479 shares in the company, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by company insiders.

Sandisk Stock Down 5.7%

Sandisk stock opened at $590.59 on Wednesday. The stock has a market cap of $87.15 billion and a PE ratio of -77.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The stock’s fifty day moving average is $403.28 and its two-hundred day moving average is $228.53. Sandisk Corporation has a 1-year low of $27.89 and a 1-year high of $725.00.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. The company’s revenue was up 61.2% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. China Renaissance began coverage on shares of Sandisk in a research note on Friday, December 5th. They set a “buy” rating and a $322.00 price target on the stock. Wedbush upped their target price on shares of Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Citigroup increased their target price on shares of Sandisk from $490.00 to $750.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Sanford C. Bernstein boosted their price target on shares of Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. started coverage on Sandisk in a research note on Monday, December 8th. They issued a “neutral” rating and a $235.00 price objective on the stock. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $542.85.

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.