Andra AP fonden Purchases New Stake in Sandisk Corporation $SNDK

Andra AP fonden purchased a new position in Sandisk Corporation (NASDAQ:SNDK) in the third quarter, Holdings Channel reports. The fund purchased 22,075 shares of the data storage provider’s stock, valued at approximately $2,477,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sandisk during the 3rd quarter valued at $27,000. CVA Family Office LLC purchased a new position in Sandisk in the third quarter valued at about $28,000. Covestor Ltd acquired a new position in Sandisk in the 3rd quarter worth about $37,000. Cromwell Holdings LLC purchased a new stake in shares of Sandisk during the 3rd quarter worth about $39,000. Finally, True Wealth Design LLC acquired a new stake in shares of Sandisk during the 3rd quarter valued at about $40,000.

Insiders Place Their Bets

In related news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction on 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 in the company, valued at $6,216,939.71. This represents a 26.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Necip Sayiner sold 1,271 shares of the stock in a transaction on Wednesday, December 3rd. The shares were 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 approximately $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

Sandisk Price Performance

NASDAQ SNDK opened at $635.36 on Friday. The stock has a 50-day simple moving average of $470.09 and a 200 day simple moving average of $260.50. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $725.00. The stock has a market capitalization of $93.78 billion and a PE ratio of -83.71. 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 (NASDAQ:SNDK) last issued its quarterly 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. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sandisk’s quarterly revenue was up 61.2% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Jefferies Financial Group increased their price objective on Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Susquehanna upped their price objective on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, December 8th. Finally, Raymond James Financial raised shares of Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 target price on the stock in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and a consensus price target of $542.85.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Partnership with SK hynix to set a global standard for high‑bandwidth flash for AI inference — could strengthen product differentiation and customer adoption in AI data centers. Sandisk partners with SK hynix
• Positive Sentiment: Analyst says an “unprecedented” NAND cycle is unfolding — implies tightened supply and favorable pricing that could sustain revenue and margin upside for SanDisk. Analyst sees unprecedented NAND cycle
• Positive Sentiment: Coverage highlighting AI‑driven storage demand and outperformance — reinforces the narrative that SanDisk is a primary beneficiary of AI infrastructure spending. SanDisk Outperforms on AI-Driven Storage Demand
• Neutral Sentiment: Debate over valuation and whether it’s too late to buy after a massive YTD rally — many commentators note fundamentals are strong but warn much of the bull case may already be priced in. Is It Too Late To Consider Sandisk
• Neutral Sentiment: Comparisons vs. peers (e.g., Micron) highlight tradeoffs — SanDisk’s pure‑play NAND exposure and hyperscaler traction are strengths, but peer dynamics matter for relative upside. SanDisk vs. Micron: Which AI Memory Stock Offers More Upside?
• Negative Sentiment: Insider sale: Director Miyuki Suzuki sold 3,500 shares (~26% reduction in her holding) — a near‑term negative signal that can weigh on sentiment even if sales are for personal reasons. Insider sale filing
• Negative Sentiment: High‑profile short report (Citron) labelled SanDisk as more of a commodity player, prompting a volatile pullback — shows elevated headline risk and the potential for short‑term squeezes/whipsaw. Citron short report coverage

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.