Sequoia Financial Advisors LLC Makes New Investment in Sandisk Corporation $SNDK

Sequoia Financial Advisors LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,213 shares of the data storage provider’s stock, valued at approximately $360,000.

A number of other hedge funds have also modified their holdings of the business. New York State Teachers Retirement System acquired a new stake in shares of Sandisk during the third quarter worth about $13,546,000. HB Wealth Management LLC acquired a new stake in shares of Sandisk in the third quarter valued at approximately $348,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Sandisk during the 3rd quarter worth approximately $514,000. RWC Asset Management LLP acquired a new position in shares of Sandisk during the 3rd quarter worth approximately $6,892,000. Finally, Parnassus Investments LLC purchased a new stake in Sandisk in the 3rd quarter valued at approximately $103,815,000.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction 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 transaction, the director owned 3,479 shares in the company, valued at $678,892.06. This trade represents a 26.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SNDK shares. Fox Advisors raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Benchmark lifted their price objective on Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Cantor Fitzgerald upped their target price on shares of Sandisk from $240.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Mizuho set a $600.00 price target on shares of Sandisk in a research note on Tuesday. Finally, Susquehanna boosted their price objective on shares of Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $348.95.

Sandisk Stock Up 2.3%

Shares of NASDAQ:SNDK opened at $481.43 on Wednesday. The stock’s 50-day moving average price is $288.85 and its two-hundred day moving average price is $169.92. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. Sandisk Corporation has a 12-month low of $27.89 and a 12-month high of $509.50. The firm has a market cap of $70.56 billion and a price-to-earnings ratio of 1,504.47.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.12 billion. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Zacks notes Sandisk’s growing role in AI storage and forecasts massive growth for the current fiscal year, arguing the company is finally being recognized as an AI beneficiary. What’s Going On With SanDisk Shares?
• Positive Sentiment: Zacks added SNDK to its Rank #1 (Strong Buy) list, signaling analyst upgrade momentum that can attract more buy-side flows ahead of earnings. New Strong Buy Stocks for January 27th
• Positive Sentiment: Seeking Alpha explains why a contributor is initiating a Buy into earnings — citing tight NAND supply, surging memory prices, BiCS8/edge and hyperscaler AI SSD demand — reinforcing the narrative that fundamentals justify further upside. Why I’m Buying Sandisk Into Earnings
• Positive Sentiment: Commentary quoting Jim Cramer highlights an unfillable shortage for Sandisk — a supply/demand dynamic that supports pricing power and gross-margin upside for storage vendors. Sandisk (SNDK) is Facing a Shortage That Can’t Be Met, Says Jim Cramer
• Neutral Sentiment: Benzinga flags large options bets (whales) in SNDK, indicating speculative positioning and elevated volatility rather than a clear directional signal for fundamentals. Market Whales and Their Recent Bets on SNDK Options
• Neutral Sentiment: Coverage noting Sandisk’s multi-hundred-percent rally over the last year frames both momentum and valuation risk — useful context for traders but mixed for long-term investors. SanDisk and Western Digital are up 400 in 1 Year. Should You Still Buy?
• Neutral Sentiment: Articles highlighting SNDK’s 6–12 month surge and analyst upside targets underline momentum but also imply elevated multiples and pullback risk. SanDisk stock is up 1,000% in 6 months. Analysts think it can gain another 20% from here.
• Negative Sentiment: High-profile commentator Jim Cramer warned SNDK is “up huge, way too much for me,” flagging profit-taking risk after the rapid rally. Jim Cramer Says Sandisk Is “Up Huge, Way Too Much for Me”
• Negative Sentiment: Cramer and other commentators have also advised selling or trimming positions into these reports, highlighting the risk of a sharp pullback if earnings or guidance disappoint. Jim Cramer Insists It’s Time to Sell Some Sandisk (SNDK)

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.