DNB Asset Management AS Makes New $94.54 Million Investment in Sandisk Corporation $SNDK

DNB Asset Management AS acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 842,604 shares of the data storage provider’s stock, valued at approximately $94,540,000.

Other hedge funds have also recently modified their holdings of the company. Choreo LLC bought a new position in shares of Sandisk during the third quarter worth $559,000. Virtus Wealth Solutions LLC bought a new stake in Sandisk in the 3rd quarter valued at $11,420,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sandisk in the 3rd quarter valued at $27,000. Robotti Robert purchased a new stake in Sandisk in the 3rd quarter worth $3,031,000. Finally, US Bancorp DE bought a new position in shares of Sandisk during the 3rd quarter valued at about $922,000.

Insider Buying and Selling at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the transaction, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Necip Sayiner sold 1,271 shares of the stock in a transaction dated 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 in the company, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by insiders.

Sandisk Trading Up 3.1%

Shares of NASDAQ SNDK opened at $651.90 on Friday. Sandisk Corporation has a 1-year low of $27.89 and a 1-year high of $725.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The business’s 50 day moving average is $462.13 and its two-hundred day moving average is $254.88. The stock has a market capitalization of $96.22 billion and a P/E ratio of -85.89.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, topping analysts’ consensus estimates 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%.The business’s revenue for the quarter was up 61.2% on a year-over-year basis.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SNDK shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sandisk in a report on Monday, December 29th. Wedbush raised their price target on Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a report 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 research note on Friday, January 30th. Morgan Stanley set a $690.00 price objective on Sandisk in a report on Friday, January 30th. Finally, Barclays increased their target price on Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $542.85.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk formed a partnership with SK hynix to create a global standard for high-bandwidth flash aimed at AI inference — this strengthens SanDisk’s positioning in data-center AI storage and could accelerate enterprise demand for its premium flash products. Read More.
• Positive Sentiment: An analyst described an “unprecedented” NAND cycle ahead of SanDisk’s presentation, supporting expectations of sustained pricing power and revenue upside across the memory oligopoly. This macro view underpins investor confidence in continued margin improvement. Read More.
• Positive Sentiment: Multiple long-form writeups (InvestorPlace, MarketWise/MarketWatch-style pieces, The Motley Fool) reiterate that AI-driven demand plus a NAND supply crunch remain the core bull case, highlighting SanDisk’s JV scale and premium enterprise focus as durable advantages. Read More.
• Neutral Sentiment: SanDisk presented at Bernstein Insights (Bernstein forum transcript available), offering management visibility to investors on strategy and product roadmap — useful for the long term but not an immediate catalyst on its own. Read More.
• Neutral Sentiment: Valuation and momentum pieces (e.g., Benzinga coverage of the memory rally, Forbes Q&A on whether to sell at high levels) emphasize that while fundamentals support gains, much of the bull case is already priced in — signaling higher sensitivity to downside news. Read More.
• Negative Sentiment: Short-seller Citron Research issued a bearish note arguing SanDisk sells a commodity and lacks the moat of peers, which triggered a pullback and a ~4% drop in recent sessions — the attack increases headline risk and can amplify volatility despite strong fundamentals. Read More.
• Negative Sentiment: Analysts/commentary warning of limited remaining upside (TipRanks piece suggesting only 6–9 months of upside left) and repeated concerns about the memory cycle flipping imply downside risk if supply ramps or AI demand cools. Read More.

About Sandisk

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.