Exchange Traded Concepts LLC Acquires New Shares in Sandisk Corporation $SNDK

Exchange Traded Concepts LLC acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, HoldingsChannel reports. The fund acquired 7,373 shares of the data storage provider’s stock, valued at approximately $1,750,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNDK. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk in the 3rd quarter valued at about $27,000. CVA Family Office LLC bought a new position in shares of Sandisk during the third quarter valued at approximately $28,000. Parallel Advisors LLC purchased a new position in Sandisk during the third quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. purchased a new position in Sandisk during the third quarter valued at approximately $32,000. Finally, Covestor Ltd bought a new position in Sandisk in the third quarter worth approximately $37,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Recent fundamental analysis highlights Sandisk’s strong position in NAND, improving margins and a visible growth path as AI storage demand tightens supply and supports share gains. Sandisk: Strong Fundamentals With Visible Growth Path
• Positive Sentiment: Zacks notes SNDK has jumped ~168% YTD and outperformed storage peers, reflecting strong relative momentum that’s attracting investor flows. SNDK Jumps 168% Year to Date
• Positive Sentiment: Zacks also flags upward revisions to earnings estimates, a technical/forward catalyst that often drives short-term buying. Will Sandisk Gain on Rising Earnings Estimates?
• Positive Sentiment: Several bullish pieces argue Sandisk’s upside is tied to the AI memory boom (some even outlining a path to $1,000 per share), reinforcing investor optimism about long-term demand. Sandisk’s Path to $1,000 Per Share Runs Through the AI Memory Boom
• Positive Sentiment: Market commentary notes the memory sector recovering from the recent TurboQuant-driven pullback, helping SNDK bounce as investors buy the dip. Why Are SanDisk Shares Surging Wednesday?
• Neutral Sentiment: Sandisk confirmed its fiscal Q3 earnings date (April 30), a near-term event that could drive additional volatility depending on guidance. Sandisk to Report Fiscal Third-Quarter Results on April 30, 2026
• Neutral Sentiment: Several market write-ups ask whether it’s “too late” to buy after the run-up — useful context for timing but not new fundamental news. Is It Too Late To Consider Sandisk (SNDK)…
• Negative Sentiment: Concerns remain about Google’s TurboQuant-type memory compression and broader memory-stock volatility; investors should watch guidance and adoption risk. Memory Stocks Were One of 2025’s Hottest Trades…
• Negative Sentiment: Some analysts warn to be cautious near all-time highs — elevated valuation metrics mean upside depends on continued strong execution and AI demand. Sandisk: Structural Industry Improvements, But Be Cautious Near All-Time Highs (Upgrade)

Insider Buying and Selling at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the business’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 sale, the director directly owned 9,907 shares of the company’s stock, valued at $6,216,939.71. The trade was a 26.11% 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. 0.21% of the stock is owned by company insiders.

Sandisk Stock Performance

Shares of Sandisk stock opened at $692.73 on Thursday. The company has a 50 day moving average price of $617.34 and a 200 day moving average price of $355.86. The firm has a market capitalization of $102.25 billion, a P/E ratio of -91.27 and a beta of 5.01. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $777.60.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The company’s revenue was up 61.2% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group set a $1,000.00 target price on Sandisk in a report on Monday, February 2nd. Mizuho set a $600.00 price target on Sandisk in a research report on Tuesday, January 27th. JPMorgan Chase & Co. assumed coverage on Sandisk in a research note on Monday, December 8th. They set a “neutral” rating and a $235.00 price objective for the company. Jefferies Financial Group raised their price objective on Sandisk from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, The Goldman Sachs Group lifted their target price on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and an average target price of $594.48.

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.