22,075 Shares in Sandisk Corporation $SNDK Bought by Andra AP fonden

Andra AP fonden acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,075 shares of the data storage provider’s stock, valued at approximately $2,477,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SNDK. Vanguard Group Inc. acquired a new position in shares of Sandisk in the third quarter worth about $1,970,388,000. Parnassus Investments LLC purchased a new stake in Sandisk during the 3rd quarter worth approximately $103,815,000. DNB Asset Management AS acquired a new position in shares of Sandisk in the 3rd quarter valued at approximately $94,540,000. Principal Financial Group Inc. purchased a new position in shares of Sandisk during the 3rd quarter valued at approximately $74,265,000. Finally, Public Sector Pension Investment Board purchased a new position in shares of Sandisk during the 3rd quarter valued at approximately $60,415,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Partnership with SK hynix to set a global standard for high‑bandwidth flash for AI inference — could strengthen product differentiation and customer adoption in AI data centers. Sandisk partners with SK hynix
• Positive Sentiment: Analyst says an “unprecedented” NAND cycle is unfolding — implies tightened supply and favorable pricing that could sustain revenue and margin upside for SanDisk. Analyst sees unprecedented NAND cycle
• Positive Sentiment: Coverage highlighting AI‑driven storage demand and outperformance — reinforces the narrative that SanDisk is a primary beneficiary of AI infrastructure spending. SanDisk Outperforms on AI-Driven Storage Demand
• Neutral Sentiment: Debate over valuation and whether it’s too late to buy after a massive YTD rally — many commentators note fundamentals are strong but warn much of the bull case may already be priced in. Is It Too Late To Consider Sandisk
• Neutral Sentiment: Comparisons vs. peers (e.g., Micron) highlight tradeoffs — SanDisk’s pure‑play NAND exposure and hyperscaler traction are strengths, but peer dynamics matter for relative upside. SanDisk vs. Micron: Which AI Memory Stock Offers More Upside?
• Negative Sentiment: Insider sale: Director Miyuki Suzuki sold 3,500 shares (~26% reduction in her holding) — a near‑term negative signal that can weigh on sentiment even if sales are for personal reasons. Insider sale filing
• Negative Sentiment: High‑profile short report (Citron) labelled SanDisk as more of a commodity player, prompting a volatile pullback — shows elevated headline risk and the potential for short‑term squeezes/whipsaw. Citron short report coverage

Wall Street Analyst Weigh In

SNDK has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $650.00 price target on shares of Sandisk in a research note on Friday, January 30th. Jefferies Financial Group raised their price objective on shares of Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 30th. UBS Group set a $1,000.00 target price on shares of Sandisk in a research note on Monday, February 2nd. Wall Street Zen raised shares of Sandisk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Finally, The Goldman Sachs Group boosted their price objective on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $542.85.

Sandisk Trading Down 2.5%

Shares of NASDAQ SNDK opened at $635.36 on Friday. Sandisk Corporation has a 12-month low of $27.89 and a 12-month high of $725.00. The company has a market cap of $93.78 billion and a price-to-earnings ratio of -83.71. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. The stock’s 50 day simple moving average is $470.09 and its 200 day simple moving average is $260.50.

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

Insider Buying and Selling at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the business’s 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 sale, the director owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by insiders.

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.