BNP Paribas Buys New Shares in Sandisk Corporation $SNDK

BNP Paribas purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,685 shares of the data storage provider’s stock, valued at approximately $413,000.

Other large investors also recently bought and sold shares of the company. Osaic Holdings Inc. purchased a new stake in shares of Sandisk during the 2nd quarter valued at $317,000. Corient Private Wealth LLC acquired a new stake in shares of Sandisk during the 2nd quarter worth $353,000. Praxis Investment Management Inc. purchased a new position in shares of Sandisk in the 3rd quarter worth $533,000. GAMMA Investing LLC acquired a new position in Sandisk in the third quarter valued at $439,000. Finally, Voya Investment Management LLC acquired a new position in Sandisk in the third quarter valued at $8,917,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $650.00 price target on shares of Sandisk in a research note on Friday, January 30th. UBS Group set a $1,000.00 price objective on Sandisk in a research note on Monday, February 2nd. Cantor Fitzgerald boosted their target price on Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a report 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 research report on Monday, February 2nd. Finally, Jefferies Financial Group raised their price target on shares of Sandisk from $600.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $542.85.

Sandisk News Summary

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 Activity at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Sandisk Stock Up 6.9%

Shares of NASDAQ SNDK opened at $661.62 on Monday. The stock has a fifty day moving average price of $541.07 and a 200 day moving average price of $301.16. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. 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 $97.66 billion and a P/E ratio of -87.17.

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

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.