Russell Investments Group Ltd. Purchases New Holdings in Sandisk Corporation $SNDK

Russell Investments Group Ltd. acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 333,741 shares of the data storage provider’s stock, valued at approximately $37,446,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SNDK. Vanguard Group Inc. acquired a new position in shares of Sandisk in the 3rd quarter valued at approximately $1,970,388,000. Victory Capital Management Inc. purchased a new position in shares of Sandisk during the 3rd quarter valued at approximately $120,363,000. Parnassus Investments LLC acquired a new stake in shares of Sandisk during the third quarter worth approximately $103,815,000. Dimensional Fund Advisors LP acquired a new stake in shares of Sandisk during the third quarter worth approximately $100,080,000. Finally, DNB Asset Management AS bought a new stake in shares of Sandisk in the third quarter worth $94,540,000.

Insider Buying and Selling at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction that occurred 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 sale, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several recent analyst reports. Sanford C. Bernstein upped their price target on shares of Sandisk from $300.00 to $580.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. initiated coverage on shares of Sandisk in a research report on Monday, December 8th. They issued a “neutral” rating and a $235.00 target price for the company. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Jefferies Financial Group increased their price target on shares of Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Raymond James Financial upgraded Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price target for the company in a research note on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $542.85.

Sandisk Stock Up 5.9%

SNDK stock opened at $655.43 on Thursday. The firm has a market cap of $96.74 billion and a price-to-earnings ratio of -86.35. Sandisk Corporation has a 1-year low of $27.89 and a 1-year high of $725.00. The firm has a fifty day moving average price of $525.72 and a two-hundred day moving average price of $291.09. 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 quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sandisk’s revenue was up 61.2% on a year-over-year basis.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and market watchers point to sharply higher near‑term NAND pricing driven by AI data‑center demand (industry forecasts cited an ~85%–90% QoQ surge for 1Q26), plus SanDisk’s January guidance and an extended Kioxia supply agreement that reduce supply uncertainty and support much stronger earnings potential. SanDisk gains as investors stay bullish on AI-driven NAND pricing momentum
• Positive Sentiment: Recent earnings beats and analyst commentary have amplified enthusiasm: coverage highlights a strong Q2 beat and forecasts of elevated NAND pricing through 2028, which helped trigger multi‑day rallies in SNDK. SanDisk (SNDK) Stock Jumps 12% on NAND Price Momentum and Strong Earnings Beat
• Positive Sentiment: Sector momentum: memory stocks broadly are rallying (SanDisk and peers like Micron), which is reinforcing flows into SNDK as investors rotate into AI/flash beneficiaries. Memory Stocks Jump on Tuesday: SanDisk, Micron See Strong Gains Again
• Neutral Sentiment: SanDisk presented at the 2026 Cantor Global Technology & Industrial Growth Conference — management’s public remarks can sustain conviction, but the transcript contains few market‑moving surprises beyond reiterating demand/pricing themes. Sandisk Corporation (SNDK) Presents at 2026 Cantor Global Technology & Industrial Growth Conference Transcript
• Neutral Sentiment: Multiple broker notes and industry writeups (Zacks, others) profile SNDK as a top play on AI/cloud/IoT-driven storage demand — supportive for long‑term thesis but not an immediate catalyst by itself. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Positive Sentiment: Wall‑Street appetite: heavy recent buy ratings and lofty price targets (median and some targets well above current levels) are adding conviction to the rally and supporting further upside expectations. SanDisk gains as investors stay bullish on AI-driven NAND pricing momentum
• Negative Sentiment: Offset risk — some insiders have sold shares recently and several large institutions reduced positions last quarter, which could pressure sentiment if selling continues. SanDisk gains as investors stay bullish on AI-driven NAND pricing momentum
• Negative Sentiment: Short‑term volatility and a recent pullback (market/macro‑driven) remain risks — analysts still like the stock but day‑to‑day moves can be large for SNDK. Down Nearly 10% in the Past 5 Days, Should You Buy the SanDisk Stock Dip?

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.