Deprince Race & Zollo Inc. Invests $39.48 Million in Sandisk Corporation $SNDK

Deprince Race & Zollo Inc. purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 351,872 shares of the data storage provider’s stock, valued at approximately $39,480,000.

Other hedge funds have also bought and sold shares of the company. Voya Investment Management LLC bought a new position in shares of Sandisk during the third quarter valued at approximately $8,917,000. Perpetual Ltd bought a new stake in shares of Sandisk in the 3rd quarter worth approximately $558,000. Yousif Capital Management LLC purchased a new stake in shares of Sandisk in the 3rd quarter worth approximately $5,041,000. Brighton Jones LLC bought a new position in Sandisk during the 3rd quarter valued at approximately $989,000. Finally, ARS Investment Partners LLC purchased a new position in Sandisk during the third quarter valued at $248,000.

Analyst Ratings Changes

SNDK has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Sandisk from $263.00 to $273.00 and gave the stock an “overweight” rating in a research note on Monday, November 24th. Barclays increased their price objective on shares of Sandisk from $39.00 to $220.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Susquehanna lifted their target price on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, December 8th. Wedbush increased their price target on shares of Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $213.33.

Sandisk Stock Performance

Shares of NASDAQ SNDK opened at $250.05 on Friday. The firm’s 50-day moving average price is $217.54 and its 200-day moving average price is $118.61. Sandisk Corporation has a 52-week low of $27.89 and a 52-week high of $284.76. The company has a market cap of $36.64 billion and a PE ratio of 781.41. 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 (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.12 billion. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director directly owned 3,479 shares in the company, valued at $678,892.06. This trade represents a 26.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is owned by 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.