American Assets Investment Management LLC Buys New Holdings in Sandisk Corporation $SNDK

American Assets Investment Management LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,000 shares of the data storage provider’s stock, valued at approximately $2,244,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Parnassus Investments LLC acquired a new position in shares of Sandisk in the third quarter worth about $103,815,000. Principal Financial Group Inc. acquired a new stake in shares of Sandisk during the 3rd quarter valued at about $74,265,000. Deprince Race & Zollo Inc. purchased a new position in shares of Sandisk in the 3rd quarter valued at about $39,480,000. Teacher Retirement System of Texas acquired a new position in Sandisk in the 3rd quarter worth about $32,770,000. Finally, AIGH Capital Management LLC acquired a new position in Sandisk in the 3rd quarter worth about $31,416,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SNDK shares. Morgan Stanley set a $690.00 target price on shares of Sandisk in a research note on Friday, January 30th. Cantor Fitzgerald lifted their price objective on Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Wall Street Zen raised Sandisk from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Sanford C. Bernstein raised their target price on Sandisk from $300.00 to $580.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Finally, Barclays lifted their price target on Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $542.85.

Insider Buying and Selling at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction on Wednesday, December 3rd. The stock was 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 $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company’s stock.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts materially raised revenue forecasts for Sandisk, with one report saying analyst models were boosted ~38%, supporting higher near-term expectations for sales tied to AI data-center demand. Industry Analysts Just Upgraded Their Sandisk Corporation (NASDAQ:SNDK) Revenue Forecasts By 38%
• Positive Sentiment: Recent earnings smashed estimates (big revenue beat and raised forward EPS range), reinforcing the bull case that Sandisk is a direct play on flash/NAND shortages driven by AI infrastructure. This underpins strong buying on dips. Sandisk’s Swings Are Getting Bigger—Here’s How to Play Them
• Positive Sentiment: Industry write-ups and analyst reiterations (Cantor Fitzgerald, UBS price targets cited) and upgrades from outlets helped lift sentiment and institutional interest. Sandisk (NASDAQ:SNDK) Shares Up 4.6% on Analyst Upgrade
• Positive Sentiment: Commentary frames Sandisk as a pure-play way to capture AI-driven flash memory shortages and HBM/high-bandwidth demand, attracting thematic AI investors. 2 Top Artificial Intelligence Stocks to Buy in February
• Neutral Sentiment: Technical/flow-based signals (e.g., “power inflow”) and momentum strategies have triggered large short-term moves; these can sustain rallies but also reverse quickly. Sandisk Shares Rise Over 7% Following Key Trading Signal
• Neutral Sentiment: Multiple outlets note broad analyst coverage updates (10 analysts updating or initiating), which increases attention and liquidity but can also add to short-term dispersion in estimates. Sandisk Corporation (SNDK) 10 Analysts Update Coverage
• Negative Sentiment: Coverage warns of large intraday swings and occasional sharp pullbacks after the stock’s parabolic run — past 20% intraday drops were quickly followed by big rallies, indicating higher downside risk for near-term traders. Why Sandisk Corporation’s (SNDK) Stock Is Down 7.15%

Sandisk Stock Up 3.8%

Shares of SNDK opened at $597.95 on Friday. The company’s 50-day simple moving average is $349.24 and its 200-day simple moving average is $199.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. Sandisk Corporation has a 1 year low of $27.89 and a 1 year high of $725.00. The stock has a market capitalization of $88.24 billion and a PE ratio of -78.78.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, topping the consensus estimate of $3.31 by $2.89. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.Sandisk’s revenue was up 61.2% compared to the same quarter last year.

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.