171,000 Shares in Sandisk Corporation $SNDK Purchased by Apis Capital Advisors LLC

Apis Capital Advisors LLC purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 171,000 shares of the data storage provider’s stock, valued at approximately $19,186,000. Sandisk accounts for 4.2% of Apis Capital Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Apis Capital Advisors LLC owned about 0.12% of Sandisk at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. purchased a new stake in Sandisk in the 3rd quarter worth approximately $1,970,388,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sandisk during the third quarter valued at approximately $297,293,000. AQR Capital Management LLC purchased a new position in shares of Sandisk during the third quarter valued at approximately $163,057,000. Victory Capital Management Inc. bought a new position in shares of Sandisk during the third quarter valued at approximately $120,363,000. Finally, Parnassus Investments LLC bought a new position in shares of Sandisk during the third quarter valued at approximately $103,815,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sector-wide NAND shortage + AI demand — analysts and market commentary point to a structural NAND supply deficit driven by AI infrastructure spending, which is lifting pricing and investor optimism for flash-memory suppliers like SanDisk. SanDisk Climbs 6% as Sector-Wide Memory Shortage Fuels Fresh Investor Optimism
• Positive Sentiment: Strategic industry collaboration — SanDisk joined SK Hynix on initiatives to develop high‑bandwidth flash for AI, signaling product roadmaps aligned with hyperscaler needs and potential preferential design wins. Sandisk Joins SK Hynix To Shape High Bandwidth Flash For AI
• Positive Sentiment: Company guidance and results support growth thesis — management has signaled accelerated NAND growth and Sandisk’s recent quarterly beat (EPS and revenue well above estimates) underpin expectations for stronger margins and cash generation. SanDisk Corp. (SNDK) projects accelerated growth for NAND
• Positive Sentiment: Bullish analyst/market commentary — buy-side pieces (e.g., Seeking Alpha) argue the rally has more room, citing product pipeline wins (Gen5 TLC, BiCS8) and hyperscaler adoption that should expand the data‑center SSD mix. Sandisk May Not Be Peaking Yet – Buy
• Neutral Sentiment: Industry ecosystem strength — suppliers and equipment makers (e.g., Aehr Test Systems) are seeing AI-driven orders for wafer/package testing; this validates higher NAND activity but is an indirect positive for SanDisk. AEHR Keeps Winning: Up +100% With Memory Chip Deal Potential (SNDK)
• Neutral Sentiment: Investor visibility from conferences — Sandisk’s Cantor conference presentation provides management detail and helped reinforce the story, but it’s incremental vs. earnings and industry supply dynamics. Sandisk Corporation (SNDK) Presents at 2026 Cantor Global Technology & Industrial Growth Conference Transcript
• Negative Sentiment: Valuation caution — some analysts warn SNDK’s rapid >1,000% YTD+ move has left a rich valuation and high sales multiple, raising the risk that near‑term outperformance is already priced in and that volatility/mean reversion could follow. Sandisk Surges on AI Storage Demand: Is the Rally Already Priced in?

Insider Buying and Selling

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Sandisk Trading Up 6.9%

Sandisk stock opened at $661.62 on Friday. 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 business’s fifty day simple moving average is $541.07 and its two-hundred day simple moving average is $299.39. Sandisk Corporation has a 12 month low of $27.89 and a 12 month high of $725.00. The company has a market capitalization of $97.66 billion and a price-to-earnings ratio of -87.17.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SNDK shares. Wall Street Zen upgraded shares of Sandisk from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Susquehanna upped their price objective on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, December 8th. Morgan Stanley set a $690.00 target price on shares of Sandisk in a research report on Friday, January 30th. Bank of America lifted their target price on shares of Sandisk from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, Citigroup boosted 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 investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $542.85.

About Sandisk

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.