Swiss Life Asset Management Ltd Acquires 1,318 Shares of Sandisk Corporation $SNDK

Swiss Life Asset Management Ltd increased its holdings in Sandisk Corporation (NASDAQ:SNDK) by 27.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,090 shares of the data storage provider’s stock after purchasing an additional 1,318 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Sandisk were worth $683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SNDK. Osaic Holdings Inc. bought a new position in Sandisk during the 2nd quarter worth $317,000. Corient Private Wealth LLC bought a new stake in shares of Sandisk in the 2nd quarter valued at about $353,000. Praxis Investment Management Inc. bought a new stake in shares of Sandisk in the 3rd quarter valued at about $533,000. GAMMA Investing LLC acquired a new stake in shares of Sandisk in the third quarter valued at about $439,000. Finally, Voya Investment Management LLC acquired a new stake in shares of Sandisk in the third quarter valued at about $8,917,000.

Sandisk Stock Down 0.0%

Shares of Sandisk stock opened at $702.48 on Wednesday. The stock’s 50-day moving average is $592.97 and its 200 day moving average is $334.21. Sandisk Corporation has a one year low of $27.89 and a one year high of $777.60. The firm has a market cap of $103.69 billion and a price-to-earnings ratio of -92.55. 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 issued its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. Sandisk’s revenue was up 61.2% on a year-over-year basis.

Analyst Upgrades and Downgrades

SNDK has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on Sandisk from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday. Cantor Fitzgerald increased their target price on shares of Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Royal Bank Of Canada restated a “sector perform” rating and set a $650.00 price target on shares of Sandisk in a report on Friday, January 30th. Sanford C. Bernstein boosted their price target on shares of Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Finally, KGI Securities began coverage on shares of Sandisk in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $594.48.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target to $900 and keeps a “buy” rating, reinforcing analyst optimism and giving the stock a clear near‑term upside reference for investors. SanDisk Corp Stock (SNDK) Jumps on a Raised Price Target from a Top Analyst
• Positive Sentiment: Research notes (Zacks) highlight Sandisk’s accelerating data‑center SSD revenue and multi‑year supply deals tied to AI infrastructure, supporting a fundamental growth thesis that could sustain higher multiples if adoption continues. SNDK vs. ADI: Which Semiconductor Stock Has an Edge in Data Centers?
• Positive Sentiment: Bullish retail/independent writeups (InsiderMonkey, Reddit summaries) are circulating a growth/AI thesis that has helped momentum traders and retail buyers remain engaged. Is Sandisk Corporation (SNDK) A Good Stock To Buy Now?
• Neutral Sentiment: Multiple “Is SNDK a buy?” articles (MSN/Zacks/Barron’s mentions) are increasing retail interest and search volume; these drive flows but offer mixed conclusions, so they amplify volatility without a clear directional catalyst. Is SanDisk Corporation (SNDK) a good stock to buy now?
• Neutral Sentiment: Multiple short‑interest posts claim a “large increase” in March shorting, but the reported figures show 0 shares and NaN changes — indicating a likely reporting/data error. Treat short‑interest signals as unreliable until corrected.
• Negative Sentiment: Counterpoints argue the stock’s multi‑year rally and >100% YTD gains may be overextended absent a sustained AI supercycle; such views increase the risk of a pullback if order momentum or gross‑margin improvement disappoints. SanDisk Stock’s Breakout Looks Overdone—Unless the AI Supercycle Is Real

Insider Activity at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the sale, the director owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by company insiders.

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.