Clear Harbor Asset Management LLC Buys New Shares in Sandisk Corporation $SNDK

Clear Harbor Asset Management LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, Holdings Channel.com reports. The firm bought 8,006 shares of the data storage provider’s stock, valued at approximately $898,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. acquired a new position in shares of Sandisk during the 3rd quarter valued at about $1,206,000. SG Americas Securities LLC purchased a new position in Sandisk during the third quarter worth approximately $722,000. HB Wealth Management LLC acquired a new position in shares of Sandisk in the 3rd quarter valued at $348,000. CX Institutional purchased a new stake in shares of Sandisk during the 3rd quarter valued at $79,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Sandisk during the 3rd quarter valued at $3,400,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Report says SanDisk could double prices for 3D NAND used in enterprise SSDs — if true, much higher ASPs (average selling prices) for high‑capacity enterprise flash would boost margins and revenue visibility, supporting a re-rating of SNDK. Sandisk surges after report indicating company could double price of 3D NAND for enterprise SSDs: report
• Positive Sentiment: Nomura / market writeups cited by news outlets say SanDisk plans to sharply raise prices on high‑capacity parts — reinforcing the price‑power narrative and helping lift sentiment among momentum traders and funds focused on AI supply chains. Why SanDisk Stock (SNDK) Is Surging Today
• Positive Sentiment: Bank of America raised its price target to $390 and reiterated a Buy — the upgrade follows Nvidia’s CES comments about a large unserved memory market, and BofA links that secular demand to higher valuation support for SNDK. BofA Hikes SanDisk (SNDK) PT to $390 Following Nvidia’s CES 2026 AI Roadmap
• Positive Sentiment: Nvidia CEO Jensen Huang highlighted memory as a major unserved market at CES — that macro narrative increases conviction that data‑center flash demand (and pricing) will remain strong, benefiting memory suppliers like SanDisk. SanDisk Trending After Nvidia CEO Jensen Huang Flags Memory As Major ‘Unserved Market’ With Surging Demand And Prices
• Neutral Sentiment: SanDisk appears on lists of top stocks to “double up” on for 2026 — positive publicity but more thematic than news‑driven; useful for retail inflows but not a direct catalyst. Top Stocks to Double Up on Right Now
• Neutral Sentiment: MarketBeat and other roundups note SanDisk’s massive 2025 run and early‑2026 momentum — supports investor interest and flows, though it’s reiterative of existing momentum rather than a new fundamental change. MarketBeat Week in Review – 01/05 – 01/09
• Negative Sentiment: Technical/valuation caution: coverage flagged SNDK as overbought after a ~20% surge — raises risk of a short-term pullback or consolidation despite favorable fundamentals. SanDisk Stock Just Became Overbought After 20% Surge in SNDK

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $377.41 on Friday. The business’s 50-day simple moving average is $241.03 and its 200 day simple moving average is $135.35. The company has a market cap of $55.31 billion and a P/E ratio of 1,179.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. Sandisk Corporation has a one year low of $27.89 and a one year high of $384.00.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share 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 analysts’ expectations of $2.12 billion. The business’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.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SNDK. Barclays increased their target price on Sandisk from $39.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Wells Fargo & Company increased their target price on shares of Sandisk from $115.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Mizuho raised their price target on shares of Sandisk from $250.00 to $410.00 and gave the company an “outperform” rating in a report on Friday. Susquehanna lifted their price target on shares of Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research report on Monday, December 8th. Finally, Sanford C. Bernstein raised shares of Sandisk to a “strong-buy” rating in a research report on Tuesday, September 16th. Three investment 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 data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and a consensus price target of $239.17.

Insiders Place Their Bets

In related news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the sale, the director directly 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.

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.