Choreo LLC Makes New Investment in Sandisk Corporation $SNDK

Choreo LLC purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,982 shares of the data storage provider’s stock, valued at approximately $559,000.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in Sandisk in the 3rd quarter valued at about $1,970,388,000. Parnassus Investments LLC purchased a new stake in shares of Sandisk during the 3rd quarter valued at approximately $103,815,000. Principal Financial Group Inc. purchased a new stake in shares of Sandisk during the 3rd quarter valued at approximately $74,265,000. Public Sector Pension Investment Board acquired a new position in Sandisk in the third quarter valued at approximately $60,415,000. Finally, GF Fund Management CO. LTD. purchased a new position in Sandisk in the third quarter worth approximately $45,206,000.

Sandisk Stock Performance

NASDAQ SNDK opened at $599.06 on Thursday. The company has a market cap of $88.42 billion and a P/E ratio of -78.93. 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 has a 50-day moving average of $491.04 and a two-hundred day moving average of $271.99. Sandisk Corporation has a 1-year low of $27.89 and a 1-year high of $725.00.

Sandisk (NASDAQ:SNDK) last issued its quarterly 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. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The company’s quarterly revenue was up 61.2% compared to the same quarter last year.

Analyst Ratings Changes

A number of equities research analysts have commented on SNDK shares. Raymond James Financial upgraded Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 target price on the stock in a research report on Friday, January 30th. Sanford C. Bernstein raised their price objective on Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Mizuho set a $600.00 target price on shares of Sandisk in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $650.00 price target on shares of Sandisk in a research note on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus target price of $542.85.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: BNP Paribas says memory pricing continues to surge — a renewed expectation of firm NAND prices supports Sandisk’s revenue and margin outlook from tight supply/demand dynamics. Micron, Sandisk in spotlight as BNP sees memory pricing continuing to surge
• Positive Sentiment: An analyst upgrade argues SNDK could reach $1,000 by 2027 based on EPS revisions — this type of bullish research can drive momentum buying and lift analyst-driven price targets. Sandisk: I See A Path To $1000 Based On 2027 EPS Forecasts (Rating Upgrade)
• Positive Sentiment: Inclusion on Zacks’ list of 5 growth stocks to buy highlights continued bullish earnings expectations and institutional interest that can support further upside. 5 Growth Stocks to Buy in March Despite Global Economic Turbulence
• Positive Sentiment: Zacks technical note points to a “high tight flag” consolidation — a bullish chart pattern that may attract momentum traders if confirmed. Taser 2.0? Sandisk Builds Back-to-Back High Tight Flags
• Positive Sentiment: Morningstar/Fool-style coverage notes SNDK’s strong February performance driven by NAND tightness — supports the narrative of durable near-term revenue gains. Why Sandisk Stock Gained 10% in February
• Neutral Sentiment: SNDK presented at Morgan Stanley TMT conference — management commentary and guidance in the transcript will be important for confirming demand trends but contains no new headline guidance yet. Sandisk Corporation (SNDK) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Neutral Sentiment: Macro pieces asking if the rally can continue offer balanced views — useful for assessing risk/reward but not new company-specific catalysts. SanDisk Stock Forecast: Can the Rally Continue Into 2026?
• Negative Sentiment: Citron Research warns the “hype could vanish in a single earnings call,” flagging cyclical NAND exposure and the risk of a sharp re-rating if guidance disappoints. Sandisk Stock Hype Could ‘Vanish in a Single Earnings Call’ According to Citron Research. Is It Time to Ditch SNDK Here?
• Negative Sentiment: Geopolitical tensions and a broader risk-off in chip stocks pushed SNDK lower in recent sessions as oil/energy moves and Korea selloffs weigh on sentiment. Memory Chip Stocks Micron (MU) and SanDisk (SNDK) Plunge as Geopolitical Tensions Spike
• Negative Sentiment: Analysis points to risk-off selling, short-seller campaigns and secondary-share activity (former-parent selling) creating overhang and downside risk despite strong fundamentals. SanDisk slides as chip stocks fall with global risk-off sentiment, lingering memory-cycle worries

Insider Transactions at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the sale, the director owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by company insiders.

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.