DNB Asset Management AS Acquires New Shares in Sandisk Corporation $SNDK

DNB Asset Management AS acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 842,604 shares of the data storage provider’s stock, valued at approximately $94,540,000. DNB Asset Management AS owned approximately 0.57% of Sandisk as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SNDK. Choreo LLC bought a new position in Sandisk during the 3rd quarter valued at about $559,000. Virtus Wealth Solutions LLC purchased a new position in shares of Sandisk during the third quarter valued at approximately $11,420,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sandisk during the third quarter valued at approximately $27,000. Robotti Robert bought a new position in Sandisk during the third quarter valued at approximately $3,031,000. Finally, US Bancorp DE purchased a new stake in Sandisk in the third quarter worth approximately $922,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk formed a partnership with SK hynix to create a global standard for high-bandwidth flash aimed at AI inference — this strengthens SanDisk’s positioning in data-center AI storage and could accelerate enterprise demand for its premium flash products. Read More.
• Positive Sentiment: An analyst described an “unprecedented” NAND cycle ahead of SanDisk’s presentation, supporting expectations of sustained pricing power and revenue upside across the memory oligopoly. This macro view underpins investor confidence in continued margin improvement. Read More.
• Positive Sentiment: Multiple long-form writeups (InvestorPlace, MarketWise/MarketWatch-style pieces, The Motley Fool) reiterate that AI-driven demand plus a NAND supply crunch remain the core bull case, highlighting SanDisk’s JV scale and premium enterprise focus as durable advantages. Read More.
• Neutral Sentiment: SanDisk presented at Bernstein Insights (Bernstein forum transcript available), offering management visibility to investors on strategy and product roadmap — useful for the long term but not an immediate catalyst on its own. Read More.
• Neutral Sentiment: Valuation and momentum pieces (e.g., Benzinga coverage of the memory rally, Forbes Q&A on whether to sell at high levels) emphasize that while fundamentals support gains, much of the bull case is already priced in — signaling higher sensitivity to downside news. Read More.
• Negative Sentiment: Short-seller Citron Research issued a bearish note arguing SanDisk sells a commodity and lacks the moat of peers, which triggered a pullback and a ~4% drop in recent sessions — the attack increases headline risk and can amplify volatility despite strong fundamentals. Read More.
• Negative Sentiment: Analysts/commentary warning of limited remaining upside (TipRanks piece suggesting only 6–9 months of upside left) and repeated concerns about the memory cycle flipping imply downside risk if supply ramps or AI demand cools. Read More.

Sandisk Stock Up 3.1%

SNDK stock opened at $651.90 on Friday. The business’s 50-day moving average price is $462.13 and its 200-day moving average price is $254.88. The stock has a market cap of $96.22 billion and a P/E ratio of -85.89. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $725.00.

Sandisk (NASDAQ:SNDK) last released its earnings results 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 company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.67 billion. The firm’s quarterly revenue was up 61.2% compared to the same quarter last year.

Insiders Place Their Bets

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the sale, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Mizuho set a $600.00 target price on shares of Sandisk in a research note on Tuesday, January 27th. Wells Fargo & Company lifted their price objective on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a report on Monday, December 29th. UBS Group set a $1,000.00 target price on Sandisk in a research report on Monday, February 2nd. Finally, Citigroup upped their price target on shares of Sandisk from $490.00 to $750.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Sandisk has an average 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.