NorthCrest Asset Manangement LLC Purchases Shares of 3,137 Sandisk Corporation $SNDK

NorthCrest Asset Manangement LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,137 shares of the data storage provider’s stock, valued at approximately $379,000.

Other large investors have also made changes to their positions in the company. Cromwell Holdings LLC bought a new stake in Sandisk during the 3rd quarter valued at approximately $39,000. True Wealth Design LLC acquired a new position in shares of Sandisk during the third quarter worth approximately $40,000. Webster Bank N. A. bought a new stake in shares of Sandisk in the third quarter valued at approximately $45,000. Global Retirement Partners LLC acquired a new stake in shares of Sandisk in the third quarter worth $49,000. Finally, Mather Group LLC. acquired a new stake in shares of Sandisk in the third quarter worth $60,000.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was 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 of the company’s stock, valued at $678,892.06. The trade was a 26.76% decrease in their position. 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

NASDAQ SNDK opened at $503.44 on Friday. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $509.50. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. The stock has a market cap of $73.78 billion and a P/E ratio of 1,573.25. The company’s 50-day simple moving average is $275.63 and its 200 day simple moving average is $159.26.

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

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Macro/sector thesis — institutional money is rotating from GPUs into storage as AI training shifts the bottleneck to fast, high-capacity flash (checkpointing, hot-tier SSD demand). That structural thesis supports sustained revenue and margin upside for SanDisk. Forget the Chips, Buy Memory
• Positive Sentiment: Strong fundamental/earnings backdrop — analysts and investors are raising forecasts and price targets after SanDisk’s spinout benefits and reported upside in recent quarters; upgrades and bullish estimates ahead of the next quarterly report are supporting higher valuations. Sandisk (SNDK) Hits All-Time High on 75% Price Target Upgrade
• Positive Sentiment: Technical momentum — recent pennant breakout and strong moving‑average support have attracted momentum traders, extending the rally and liquidity into SNDK. This technical strength is cited as a reason for further upside in short-term price forecasts. SNDK Price Forecast: SanDisk Pennant Breakout Fuels Powerful Uptrend
• Neutral Sentiment: Performance spotlight — SanDisk is among the top YTD performers (big percentage gains), drawing broader attention and higher institutional interest; that attracts flows but also raises baseline expectations. SanDisk Shares Are Already Up 105% in 2026
• Neutral Sentiment: Investor debate on valuation and buy timing — outlets are asking whether SNDK remains a buy after massive gains; this keeps both retail and institutional debate active and increases volatility around catalysts. Sandisk stock is up over 100% in 2026; Is SNDK still a buy?
• Negative Sentiment: Short-term pullback/profit-taking — several reports note an intraday or session pullback as traders lock gains after a parabolic move; profit‑taking can accelerate volatility and sharpen corrections. SanDisk (SNDK) Stock Slips As AI Memory Chip Rally Pauses
• Negative Sentiment: Reversal risk / overbought technicals — analysts and technical-focused pieces warn the rally is overextended and a harsh reversal is possible; high P/E and stretched momentum increase the risk that disappointing news or any soft guidance will trigger a large selloff. Sandisk stock price may suffer a harsh reversal soon

Analysts Set New Price Targets

SNDK has been the subject of several research analyst reports. UBS Group set a $580.00 target price on shares of Sandisk in a research note on Wednesday, January 14th. Mizuho upped their price objective on shares of Sandisk from $250.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Cantor Fitzgerald lifted their target price on Sandisk from $240.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Royal Bank Of Canada started coverage on Sandisk in a research note on Wednesday, January 14th. They set a “sector perform” rating and a $400.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on Sandisk in a research report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $327.89.

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.