Jag Capital Management LLC Makes New Investment in Sandisk Corporation $SNDK

Jag Capital Management LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,501 shares of the data storage provider’s stock, valued at approximately $356,000.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of Sandisk during the 3rd quarter worth approximately $1,970,388,000. State Street Corp bought a new position in shares of Sandisk during the 3rd quarter worth approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk during the 3rd quarter worth approximately $297,293,000. Bank of America Corp DE bought a new position in shares of Sandisk during the 3rd quarter worth approximately $190,425,000. Finally, AQR Capital Management LLC bought a new position in shares of Sandisk during the 3rd quarter worth approximately $163,057,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Citi sharply raised its price target on Sandisk to $2,025 from $1,300 and kept a Buy rating, citing accelerating NAND demand tied to AI infrastructure and hyperscale data center expansion. The upgrade reinforced the view that Sandisk still has meaningful upside after its huge run. Sandisk Stock Can Rise Another 52%, Says Citi. Why Investors Should Buy.
• Positive Sentiment: Melius Research also boosted its target, calling for $2,350, which added to the bullish analyst momentum around Sandisk and the AI memory trade. Wall Street sets Sandisk stock price target for the next 12 months
• Positive Sentiment: Recent commentary highlighted Sandisk’s strong fundamentals, including surging revenue, margin expansion, and AI-driven storage demand, which continues to support the long-term bull case for the stock. Micron (MU) and SanDisk (SNDK) – Why a Top Analyst Boosted Price Targets on These AI Stocks
• Neutral Sentiment: Sandisk is also benefiting from the broader narrative that AI is shifting demand from compute to storage, with investors increasingly treating NAND flash as a key bottleneck in AI infrastructure rather than a commodity product.
• Negative Sentiment: Despite the bullish analyst action, Sandisk has been slipping at times along with the wider chip sector as rising bond yields and general tech-sector caution pressure high-beta semiconductor stocks. Micron, SanDisk Stocks Meet The Bond Time Bomb: 30-Year Yields Hit 19-Year Highs
• Negative Sentiment: Some investors are also taking profits after Sandisk’s massive year-long rally, leading to short-term cooling and fears that the stock’s near-term upside may be more limited after such a dramatic run.

Sandisk Trading Up 3.8%

NASDAQ:SNDK opened at $1,383.29 on Wednesday. The stock has a market capitalization of $204.85 billion, a PE ratio of 48.08 and a beta of 4.82. The firm’s 50 day moving average is $931.59 and its 200 day moving average is $572.16. Sandisk Corporation has a 12 month low of $35.79 and a 12 month high of $1,600.00.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion for the quarter. During the same period in the previous year, the firm earned ($0.30) EPS. The company’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current year.

Insider Buying and Selling at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction on 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 sale, the director owned 9,907 shares of the company’s stock, valued at $6,216,939.71. The trade was a 26.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director directly owned 2,900 shares in the company, valued at $4,359,019. The trade was a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 6,525 shares of company stock valued at $6,555,092 in the last 90 days. 0.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SNDK. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a report on Friday, May 1st. Royal Bank Of Canada lifted their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Wells Fargo & Company lifted their price target on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, Cantor Fitzgerald lifted their price target on shares of Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,157.14.

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.