ARS Investment Partners LLC Purchases Shares of 2,213 Sandisk Corporation $SNDK

ARS Investment Partners LLC acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,213 shares of the data storage provider’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SNDK. Farther Finance Advisors LLC bought a new stake in shares of Sandisk during the 3rd quarter worth $108,000. Parcion Private Wealth LLC bought a new position in shares of Sandisk in the third quarter worth about $200,000. S.A. Mason LLC acquired a new stake in shares of Sandisk in the 3rd quarter valued at approximately $252,000. Osaic Holdings Inc. acquired a new stake in shares of Sandisk in the 2nd quarter valued at approximately $317,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Sandisk during the 2nd quarter valued at approximately $353,000.

Sandisk Stock Performance

NASDAQ:SNDK opened at $250.08 on Friday. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $284.76. The company has a fifty day moving average of $215.34 and a 200-day moving average of $116.61. The firm has a market capitalization of $36.65 billion and a P/E ratio of 781.50.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Analyst Ratings Changes

Several equities analysts recently commented on SNDK shares. Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Citigroup increased their price target on Sandisk from $150.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. The Goldman Sachs Group upped their target price on Sandisk from $55.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Bank of America lifted their price target on Sandisk from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and an average price target of $213.33.

Insider Activity

In related news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction on 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 sale, the director owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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.