27,012 Shares in Sandisk Corporation $SNDK Acquired by Robotti Robert

Robotti Robert bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,012 shares of the data storage provider’s stock, valued at approximately $3,031,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of Sandisk during the third quarter worth $1,970,388,000. Parnassus Investments LLC acquired a new position in shares of Sandisk in the 3rd quarter valued at $103,815,000. Principal Financial Group Inc. purchased a new position in Sandisk in the 3rd quarter worth $74,265,000. Public Sector Pension Investment Board acquired a new stake in Sandisk during the 3rd quarter worth about $60,415,000. Finally, GF Fund Management CO. LTD. acquired a new stake in Sandisk during the 3rd quarter worth about $45,206,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Benchmark raised their price objective on Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Citigroup raised their price target 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. The Goldman Sachs Group lifted their price objective on shares of Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Raymond James Financial upgraded shares of Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price objective on the stock in a research note on Friday, January 30th. Finally, Wells Fargo & Company raised their target price on shares of Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average target price of $542.85.

Insider Buying and Selling at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the transaction, the director owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale 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.

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $632.38 on Thursday. The stock has a market capitalization of $93.34 billion and a price-to-earnings ratio of -83.32. Sandisk Corporation has a 12 month low of $27.89 and a 12 month high of $725.00. The firm’s 50 day simple moving average is $453.48 and its 200-day simple moving average is $252.11. 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 posted its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (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 firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk’s quarterly revenue was up 61.2% on a year-over-year basis.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven NAND shortage and data-center demand are fueling pricing power and revenues for SanDisk — analysts and trade write-ups point to outsized earnings upside and premium enterprise positioning as the core bull case. Why SanDisk Stock Skyrocketed: 5 Key Questions Answered
• Positive Sentiment: Institutional/momentum flows and retail products are amplifying the rally — a leveraged SNDK ETF (SNXX) amassed very large inflows quickly, adding speculative fuel and liquidity to the move higher. Tradr’s SNXX Surges to $650 Million in Under a Month, Setting Industry Growth Record
• Positive Sentiment: Sector valuation stories argue memory stocks still look cheap given the AI-driven supply squeeze; some price-target moves reflect continued upside expectations. SanDisk Stock Is Up 133% This Year, Yet The Memory Trade Still Looks Cheap
• Neutral Sentiment: Relative positioning vs. peers (Micron, others) is a mixed read — some outlets say both Micron and SanDisk benefit from AI but with different risk/reward profiles. Use peer moves to gauge cyclicality risk. Better Artificial Intelligence (AI) Stock: Micron Technology vs. Sandisk
• Neutral Sentiment: Some analysts and commentaries say the Street still needs to re-rate estimates — that implies upside if fundamentals persist, but it also means expectations are being reset and volatility may remain elevated. Sandisk: The Street Still Needs To Catch Up
• Negative Sentiment: Short-seller Citron publicly attacked SNDK, arguing the NAND cycle may be peaking and warning about Samsung’s dominance; that report triggered selling and heightened volatility. Expect swings as retail and short flows react. Citron shorts Sandisk as it points out cyclical nature of NAND demand and Samsung’s dominance
• Negative Sentiment: Valuation and “Nvidia-comparison” critiques: commentators warn SNDK is being priced like a perpetual growth play despite memory’s cyclical history — that makes the stock vulnerable to any demand normalization. SanDisk Isn’t Nvidia — And That Distinction Matters For ETFs

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.