Smartleaf Asset Management LLC Purchases New Shares in Sandisk Corporation $SNDK

Smartleaf Asset Management LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,155 shares of the data storage provider’s stock, valued at approximately $245,000.

Several other large investors have also recently made changes to their positions in the company. Parnassus Investments LLC acquired a new stake in shares of Sandisk in the third quarter valued at about $103,815,000. Principal Financial Group Inc. acquired a new stake in shares of Sandisk during the third quarter valued at about $74,265,000. Deprince Race & Zollo Inc. purchased a new stake in Sandisk in the third quarter valued at approximately $39,480,000. Teacher Retirement System of Texas purchased a new stake in shares of Sandisk in the 3rd quarter valued at $32,770,000. Finally, AIGH Capital Management LLC purchased a new stake in Sandisk during the third quarter worth about $31,416,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SNDK. Barclays upped their price objective on Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. Cantor Fitzgerald boosted their price objective on shares of Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. The Goldman Sachs Group upped their target price on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 30th. China Renaissance initiated coverage on shares of Sandisk in a research note on Friday, December 5th. They set a “buy” rating and a $322.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on Sandisk in a research note on Monday, December 8th. They issued a “neutral” rating and a $235.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company 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: AI infrastructure boom + NAND shortage — multiple write-ups explain that data-center AI spending has created an acute need for high‑performance flash; tight NAND supply is lifting prices and SanDisk’s revenue/earnings outlook. Article Title
• Positive Sentiment: Sector momentum from peers — Micron’s early HBM4 shipments and other memory headlines have boosted the whole memory group, sparking cross‑stock buying that’s lifted SNDK. Article Title
• Positive Sentiment: Business positioning — coverage highlights SanDisk’s Kioxia JV scale, focus on premium enterprise SSDs (including very high‑density drives) and pricing power versus peers, which can sustain margins during a shortage. Article Title
• Neutral Sentiment: Ownership & analyst view — TFirms and retail ownership shifts are being documented and some street price targets have moved higher, but analysts differ on how sustainable current multiples are. Article Title
• Neutral Sentiment: Investor composition — recent coverage looks at who owns SNDK after big YTD gains; elevated retail/institution interest can amplify moves in both directions. Article Title
• Negative Sentiment: Valuation & cycle risk — multiple pieces warn that after a parabolic rally much of the AI/storage upside is priced in; a memory-cycle flip, supply ramp or any demand slowdown could produce a sharp pullback. Article Title
• Negative Sentiment: “Buy the dip?” debate — commentators note the stock has pulled back from very recent highs and caution that chasing at peak multiples is risky; some suggest waiting for a clearer pullback or confirmation of sustained profit growth. Article Title

Insider Buying and Selling at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the transaction, the director directly owned 3,479 shares in the company, valued at $678,892.06. The trade was a 26.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Sandisk Stock Performance

SNDK opened at $630.29 on Friday. Sandisk Corporation has a 1-year low of $27.89 and a 1-year high of $725.00. The stock has a market cap of $93.01 billion and a P/E ratio of -83.04. The stock’s 50 day simple moving average is $379.87 and its 200 day simple moving average is $214.03. 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 (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $2.89. The business 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%.The business’s revenue for the quarter was up 61.2% compared to the same quarter last year.

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.