Retirement Systems of Alabama Takes $7.03 Million Position in Sandisk Corporation $SNDK

Retirement Systems of Alabama bought a new position in Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 29,617 shares of the data storage provider’s stock, valued at approximately $7,030,000.

A number of other large investors have also recently made changes to their positions in SNDK. Osaic Holdings Inc. purchased a new position in shares of Sandisk during the 2nd quarter worth about $317,000. Corient Private Wealth LLC bought a new stake in Sandisk in the second quarter worth about $353,000. Praxis Investment Management Inc. bought a new stake in Sandisk in the third quarter worth about $533,000. GAMMA Investing LLC purchased a new position in shares of Sandisk during the third quarter valued at approximately $439,000. Finally, Voya Investment Management LLC bought a new position in shares of Sandisk during the third quarter valued at approximately $8,917,000.

Sandisk Price Performance

Shares of Sandisk stock opened at $701.59 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. Sandisk Corporation has a 1 year low of $27.89 and a 1 year high of $777.60. The firm’s 50-day moving average is $625.86 and its two-hundred day moving average is $364.44. The stock has a market cap of $103.55 billion, a price-to-earnings ratio of -92.44 and a beta of 5.04.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SNDK shares. JPMorgan Chase & Co. assumed coverage on Sandisk in a research note on Monday, December 8th. They set a “neutral” rating and a $235.00 price target for the company. Citigroup upped their price objective on Sandisk from $750.00 to $875.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. KGI Securities began coverage on Sandisk in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 target price on the stock. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Sanford C. Bernstein boosted their target price on shares of Sandisk from $300.00 to $580.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $594.48.

Insider Buying and Selling

In other Sandisk 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 completion of the sale, the director owned 9,907 shares in the company, valued at $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 beat and strong forward guide: management posted $3.03B in Q2 revenue, margin expansion near 50% and raised guidance (Q3 revenue $4.4B–$4.8B), supporting multi‑year hyperscaler/NAND demand narratives that favor continued share gains. Why I Am Rating SanDisk A Strong Buy
• Positive Sentiment: High analyst upside: Bernstein set a $1,000 price target and called post‑selloff concerns overblown, lending credibility to further upside and supporting buying on dips. SanDisk (SNDK) Stock: Bernstein Sets $1,000 Price Target Amid Post-TurboQuant Selloff
• Positive Sentiment: Short‑term momentum from analyst notes and guidance: bullish research and clearer visibility into hyperscaler demand catalyzed a recent sharp intraday rally (reported ~11% surge), driving momentum traders and option flows. SanDisk (SNDK) Stock Soars 11% Following Bullish Analyst Notes and Guidance Boost
• Positive Sentiment: Wall Street defense / buy‑the‑pullback calls: firms including Morgan Stanley and Mizuho have reiterated constructive views or Outperform ratings, which supports institutional buying on dips. Micron Stock and Sandisk Retreat. Why This Wall Street Firm Says to Buy the Pullback.
• Positive Sentiment: Strong relative performance: SNDK was one of the top‑performing S&P 500 names in Q1, which has attracted momentum investors and broader market attention. SanDisk was the top-performing S&P 500 stock in Q1. Can SNDK continue its run in Q1?
• Neutral Sentiment: Is it too late to buy? Several pieces discuss whether recent gains leave less upside and whether new buyers should wait for a pullback — useful for timing but not decisive on fundamentals. Is It Too Late To Consider Sandisk (SNDK) After Its Surging Share Price?
• Neutral Sentiment: Bull case vs. market positioning: some analysts still publish bull-case upside (e.g., mid‑40% scenarios), keeping the narrative mixed between momentum and profit‑taking. SanDisk Stock (SNDK) Beats the Entire S&P 500 in Q1 — Bull Case Still Predicts 44% Upside
• Negative Sentiment: Valuation and volatility concerns: critics warn AI‑memory rallies may have priced in a lot of growth (raising overvaluation risk), and sector events like the TurboQuant selloff have produced sharp short‑term pullbacks — increases trading risk and could trigger profit taking. Are Micron (MU) and SanDisk (SNDK) Stocks Overvalued after AI-Driven Rally?

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.