GAMMA Investing LLC Buys New Position in Sandisk Corporation $SNDK

GAMMA Investing LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,916 shares of the data storage provider’s stock, valued at approximately $439,000.

A number of other institutional investors also recently modified their holdings of SNDK. Osaic Holdings Inc. acquired a new stake in shares of Sandisk during the second quarter worth $317,000. Corient Private Wealth LLC bought a new stake in Sandisk during the second quarter valued at $353,000. Finally, Praxis Investment Management Inc. acquired a new stake in Sandisk during the 3rd quarter worth about $533,000.

Sandisk Trading Up 8.3%

NASDAQ SNDK opened at $237.61 on Friday. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $284.76. The business has a 50 day moving average price of $206.63 and a 200-day moving average price of $110.84. The company has a market cap of $34.82 billion and a price-to-earnings ratio of 742.53.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.12 billion. Sandisk’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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SNDK. Bank of America boosted their price objective on Sandisk from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Mizuho lifted their target price on Sandisk to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Benchmark restated a “buy” rating on shares of Sandisk in a report on Thursday. Cantor Fitzgerald raised their price objective on shares of Sandisk from $240.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Morgan Stanley lifted their price objective on shares of Sandisk from $263.00 to $273.00 and gave the company an “overweight” rating in a research note on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $213.33.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, the director owned 3,479 shares in the company, valued at $678,892.06. This represents a 26.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by insiders.

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.