Strs Ohio Acquires Shares of 3,225 Sandisk Corporation $SNDK

Strs Ohio bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,225 shares of the data storage provider’s stock, valued at approximately $362,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parnassus Investments LLC acquired a new stake in Sandisk during the third quarter worth approximately $103,815,000. Deprince Race & Zollo Inc. bought a new stake in shares of Sandisk during the 3rd quarter valued at $39,480,000. New York State Teachers Retirement System bought a new position in shares of Sandisk in the third quarter worth $13,546,000. FengHe Fund Management Pte. Ltd. bought a new position in shares of Sandisk in the third quarter worth $10,883,000. Finally, Voya Investment Management LLC acquired a new position in Sandisk in the third quarter valued at about $8,917,000.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $690.00 price objective on shares of Sandisk in a research note on Friday. Barclays set a $385.00 price objective on shares of Sandisk in a research note on Thursday, January 15th. UBS Group reaffirmed a “buy” rating on shares of Sandisk in a report on Friday. Raymond James Financial raised Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price target for the company in a report on Friday. Finally, Sanford C. Bernstein upped their price objective on Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $490.60.

Insiders Place Their Bets

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

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results substantially beat expectations — revenue ~ $3.02B (up ~61% y/y) and EPS far above consensus; management cited strong enterprise/datacenter and AI demand. Earnings Release & Slides
• Positive Sentiment: Blowout Q3 guidance: revenue guidance around $4.4–4.8B and EPS guidance (~$12–14) well above consensus, signaling much stronger demand and pricing than Street expected. Reuters: Forecast + AI Demand
• Positive Sentiment: Extended strategic supply/joint-venture support — Sandisk and Kioxia extended the Yokkaichi JV through 2034, reducing supply uncertainty for NAND output. Business Wire: JV Extension
• Positive Sentiment: Analyst reactions pushed price targets higher (examples: Wedbush raised PT to $740; Mizuho raised PT to $600), reinforcing bullish investor sentiment. Benzinga: Analyst Moves
• Neutral Sentiment: Wide media and aftermarket coverage (Barron’s, Investopedia, Zacks, Seeking Alpha) is increasing visibility and trading interest — amplifies momentum but not a fundamental change by itself. Barron’s Coverage
• Neutral Sentiment: Heavy options and leverage activity has been reported, which can increase intraday volatility; useful for traders, but adds short-term risk. Yahoo Finance: Options Activity
• Negative Sentiment: Valuation and momentum risks: the stock has already surged strongly (huge YTD/IPO run), producing an elevated P/E and leaving limited margin for execution misses or a demand slowdown; some investors may view the rally as stretched. Invezz: Valuation/Outlook
• Negative Sentiment: Macro/market risk: broader futures/market moves and any cooling in AI capex could quickly reverse sentiment given the large run-up. Benzinga: Macro Movers

Sandisk Price Performance

Shares of SNDK opened at $576.25 on Friday. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. The stock has a market cap of $84.45 billion and a PE ratio of -75.92. Sandisk Corporation has a 12-month low of $27.89 and a 12-month high of $676.69. The business has a 50-day simple moving average of $308.87 and a two-hundred day simple moving average of $179.60.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a positive return on equity of 10.37% and a negative net margin of 11.66%.Sandisk’s revenue for the quarter was up 61.2% on a year-over-year basis.

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.