Ocean Park Asset Management LLC Takes Position in Sandisk Corporation $SNDK

Ocean Park Asset Management LLC purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 558 shares of the data storage provider’s stock, valued at approximately $355,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the 2nd quarter worth approximately $317,000. Merit Financial Group LLC purchased a new position in Sandisk during the third quarter valued at $408,000. ProShare Advisors LLC bought a new stake in Sandisk in the third quarter worth $269,000. PNC Financial Services Group Inc. bought a new stake in Sandisk in the third quarter worth $989,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Sandisk in the third quarter worth $208,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. KGI Securities began coverage on Sandisk in a report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price target for the company. Morgan Stanley increased their price objective on shares of Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Mizuho lifted their target price on shares of Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a research note on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,580.67.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $2,273.73 on Tuesday. The company has a market cap of $336.72 billion, a P/E ratio of 79.03 and a beta of 4.88. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,354.39. The stock’s fifty day moving average price is $1,452.71 and its 200-day moving average price is $833.30.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion for the quarter. During the same period last year, the business earned ($0.30) earnings per share. The company’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts anticipate that Sandisk Corporation will post 64.01 earnings per share for the current year.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and market commentary say AI demand is fundamentally changing the NAND market, supporting the bullish case for Sandisk and the broader memory cycle.
• Positive Sentiment: Bank of America reportedly raised its price target to $2,100 as the global NAND shortage worsens, adding to investor enthusiasm for SNDK.
• Positive Sentiment: Memory stocks, including Sandisk, rallied alongside Micron and Western Digital as traders positioned ahead of Micron’s earnings, reinforcing sector momentum.
• Positive Sentiment: Articles highlighted Sandisk’s huge year-to-date gain and record-high trading levels, which can draw momentum buyers and ETF inflows tied to storage and AI themes. Article title
• Neutral Sentiment: Several pieces focused on Sandisk’s strong performance, including its role in free-cash-flow ETFs and comments from investors who have made large gains, which may help sentiment but do not change fundamentals directly.
• Neutral Sentiment: One report said SNDK could be significantly overvalued after its recent surge, which is a cautionary note for investors even as the stock remains buoyant.
• Negative Sentiment: Valuation concerns are starting to emerge after the explosive rally, and any disappointment in future earnings or memory pricing could spark volatility in SNDK.

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,625 shares of company stock worth $8,913,497 over the last quarter. 0.21% of the stock is currently owned by insiders.

About Sandisk

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.