FengHe Fund Management Pte. Ltd. Buys New Shares in Sandisk Corporation $SNDK

FengHe Fund Management Pte. Ltd. purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 97,000 shares of the data storage provider’s stock, valued at approximately $10,883,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNDK. Cromwell Holdings LLC bought a new position in shares of Sandisk during the 3rd quarter valued at approximately $39,000. True Wealth Design LLC purchased a new position in Sandisk during the third quarter valued at approximately $40,000. Webster Bank N. A. bought a new position in shares of Sandisk in the third quarter worth approximately $45,000. Global Retirement Partners LLC purchased a new stake in shares of Sandisk in the third quarter worth $49,000. Finally, Mather Group LLC. bought a new stake in shares of Sandisk during the 3rd quarter valued at $60,000.

Sandisk News Roundup

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

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

Sandisk (NASDAQ:SNDK) last posted its earnings results 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 business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Sandisk’s revenue 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 Activity at Sandisk

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Sandisk from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 27th. Susquehanna boosted their price objective on Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research report on Monday, December 8th. Morgan Stanley increased their target price on Sandisk from $263.00 to $273.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Mizuho lifted their target price on Sandisk from $250.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Bank of America upped their price target on Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $239.17.

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.