VIRGINIA RETIREMENT SYSTEMS ET Al Invests $4.05 Million in Sandisk Corporation $SNDK

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 36,070 shares of the data storage provider’s stock, valued at approximately $4,047,000.

Other large investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the second quarter worth $317,000. Corient Private Wealth LLC purchased a new position in shares of Sandisk in the 2nd quarter worth about $353,000. Praxis Investment Management Inc. purchased a new position in shares of Sandisk in the 3rd quarter worth about $533,000. GAMMA Investing LLC bought a new position in Sandisk in the 3rd quarter worth about $439,000. Finally, Voya Investment Management LLC purchased a new stake in Sandisk during the 3rd quarter valued at about $8,917,000.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction dated 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 owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Down 1.2%

Shares of Sandisk stock opened at $237.38 on Friday. The company has a market cap of $34.79 billion and a price-to-earnings ratio of 741.81. The company’s 50 day moving average is $224.50 and its 200 day moving average is $123.59. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $284.76. 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 posted its earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. The firm’s revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SNDK shares. Weiss Ratings restated a “sell (d+)” rating on shares of Sandisk in a research note on Monday. Sanford C. Bernstein upgraded shares of Sandisk to a “strong-buy” rating in a report on Tuesday, September 16th. Susquehanna boosted their price objective on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, December 8th. China Renaissance assumed coverage on Sandisk in a research report on Friday, December 5th. They issued a “buy” rating and a $322.00 price objective on the stock. Finally, Cantor Fitzgerald lifted their target price on Sandisk from $240.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and an average target price of $213.33.

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.