2,570 Shares in Sandisk Corporation $SNDK Purchased by Cheviot Value Management LLC

Cheviot Value Management LLC bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 2,570 shares of the data storage provider’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parnassus Investments LLC purchased a new stake in Sandisk during the 3rd quarter valued at approximately $103,815,000. Deprince Race & Zollo Inc. bought a new position in shares of Sandisk during the third quarter worth $39,480,000. Teacher Retirement System of Texas purchased a new position in Sandisk during the third quarter valued at $32,770,000. AIGH Capital Management LLC purchased a new position in Sandisk during the third quarter valued at $31,416,000. Finally, New York State Teachers Retirement System bought a new stake in Sandisk in the 3rd quarter valued at $13,546,000.

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 stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the sale, the director directly owned 3,479 shares in the company, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

SNDK has been the subject of several research reports. Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company boosted their target price on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Benchmark increased their price target on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Bank of America lifted their price objective on Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, China Renaissance assumed coverage on Sandisk in a report on Friday, December 5th. They set a “buy” rating and a $322.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and a consensus price target of $327.89.

Sandisk Trading Down 5.9%

SNDK opened at $473.83 on Friday. The stock has a 50-day moving average of $280.02 and a 200 day moving average of $163.04. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. Sandisk Corporation has a 12 month low of $27.89 and a 12 month high of $509.50. The firm has a market cap of $69.44 billion and a P/E ratio of 1,480.72.

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

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Structural AI-driven demand is shifting smart money into storage (hot-tier SSDs) where Sandisk benefits from pricing power and supply tightness—this underpins revenue and margin upside. Forget the Chips, Buy Memory: Why AI Money Is Moving to Storage
• Positive Sentiment: Sandisk has a history of beating estimates and analysts see another potential upside to EPS based on operating leverage and recent demand trends—this supports upside to guidance and stock momentum. Why Sandisk Could Beat Earnings Estimates Again
• Positive Sentiment: Heavy short interest and prior squeeze activity have created a crowded long/short setup—reports estimate large losses for shorts, which can amplify rallies if buying resumes. Sandisk rally inflicts $3B loss on shorts
• Neutral Sentiment: Investors are focused on SNDK’s upcoming Q2 2026 report and guidance; expectations are elevated after recent beats, so the stock is sensitive to any conservative guidance or supply/price commentary. What to Expect From Sandisk’s Q2 2026 Earnings Report
• Negative Sentiment: Profit-taking and a short-term pause in the AI memory rally are pressuring the stock after an extraordinary run (over 1,000%+ since early 2025); technical momentum is cooling, which can accelerate pullbacks. SanDisk Stock Extends Pullback As AI Memory Rally Catches Its Breath
• Negative Sentiment: Valuation and analyst caution: some outlets flag SNDK as richly valued and vulnerable to sharp reversals if growth or guidance disappoints—raises downside risk for momentum traders. 2 Ultra-Popular AI Stocks to Sell Before They Drop

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.