5,993 Shares in Sandisk Corporation $SNDK Purchased by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC bought a new position in Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,993 shares of the data storage provider’s stock, valued at approximately $672,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deprince Race & Zollo Inc. bought a new stake in shares of Sandisk during the 3rd quarter valued at about $39,480,000. Voya Investment Management LLC purchased a new stake in Sandisk in the third quarter valued at approximately $8,917,000. CWM LLC bought a new stake in Sandisk during the third quarter valued at approximately $7,374,000. Yousif Capital Management LLC bought a new stake in Sandisk during the third quarter valued at approximately $5,041,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Sandisk in the 3rd quarter worth approximately $4,047,000.

Sandisk Price Performance

SNDK stock opened at $349.63 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $352.00. The firm’s fifty day moving average is $231.71 and its 200 day moving average is $130.08. The firm has a market cap of $51.24 billion and a P/E ratio of 1,092.59.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. Sandisk’s revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the sale, the director owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. The trade was a 26.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Big‑picture AI demand: Comments from Nvidia’s CEO and other bullish takes have reframed AI “working memory” as a huge, under‑served storage market — a narrative that directly benefits Sandisk as an SSD supplier. Sandisk Corp. (SNDK)at All-Time High as Memory Market Set to Become ‘One of the Largest’
• Positive Sentiment: NAND price tailwind: industry research (TrendForce) expects large Q1 NAND flash price gains, which would boost revenue/margins for enterprise SSD suppliers like Sandisk. That report is being cited widely by investors. Memory makers prioritize server applications driving across-the-board price increases in 1Q26, says TrendForce
• Positive Sentiment: Product/CES news: Sandisk rebranded its WD_Black SSD family to the new Sandisk Optimus line at CES 2026, a visible product push that traders view as reinforcing the company’s retail and gaming/enterprise SSD positioning. Sandisk stock rallies on CES debut of new ‘Optimus’ SSD line
• Neutral Sentiment: Options and momentum flows: elevated options activity and heavy volume suggest speculative and institutional positioning amplified the move, which can accelerate gains but also increase volatility. What the Options Market Tells Us About SanDisk
• Negative Sentiment: Valuation and “runaway” concerns: several analysts and pieces warn SNDK’s rally may be ahead of fundamentals after massive YTD gains; consensus price targets remain well below today’s levels, implying downside risk if the industry narrative cools. SanDisk stock: maybe it has gotten ahead of itself after all
• Negative Sentiment: Longer‑term governance/valuation watch: commentary about board repositioning and in‑depth valuation pieces flag potential strategic/valuation scrutiny as the company moves from recovery into a high‑growth, high‑multiple phase. Is Sandisk (SNDK) Quietly Repositioning Its Board For A New Phase Of Strategic Risk Management?

Analyst Upgrades and Downgrades

SNDK has been the topic of several research reports. Benchmark restated a “buy” rating on shares of Sandisk in a research report on Thursday, December 18th. China Renaissance began coverage on shares of Sandisk in a research report on Friday, December 5th. They issued a “buy” rating and a $322.00 target price for the company. Wedbush increased their target price on Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Wall Street Zen lowered Sandisk from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 27th. Finally, Barclays upped their price objective on Sandisk from $39.00 to $220.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $213.33.

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.