Strs Ohio Has $7.15 Million Position in Sandisk Corporation $SNDK

Strs Ohio increased its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 834.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 30,130 shares of the data storage provider’s stock after acquiring an additional 26,905 shares during the period. Strs Ohio’s holdings in Sandisk were worth $7,152,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SNDK. Whittier Trust Co. acquired a new position in Sandisk in the fourth quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Sandisk in the third quarter valued at about $27,000. CVA Family Office LLC acquired a new position in Sandisk in the third quarter valued at about $28,000. Parallel Advisors LLC acquired a new position in Sandisk in the third quarter valued at about $30,000. Finally, Westfuller Advisors LLC boosted its position in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after buying an additional 43 shares in the last quarter.

Sandisk Trading Up 5.8%

Shares of NASDAQ SNDK opened at $1,255.86 on Tuesday. Sandisk Corporation has a 1-year low of $33.13 and a 1-year high of $1,275.11. The company has a market cap of $185.36 billion, a PE ratio of 43.65 and a beta of 4.82. The company has a current ratio of 4.78, a quick ratio of 3.62 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $753.17 and a two-hundred day moving average of $474.35.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same period in the prior year, the firm posted ($0.30) earnings per share. The company’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts expect that Sandisk Corporation will post 47.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Friday. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Benchmark boosted their price target on shares of Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Morgan Stanley restated an “overweight” rating and issued a $1,100.00 price target on shares of Sandisk in a research report on Monday, April 27th. Finally, Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,065.81.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Multiple analyst upgrades and buy ratings (Citigroup, Wedbush, Bernstein) cite large hyperscaler/datacenter contract wins and stronger enterprise demand, supporting upside to revenue and margins. Why SanDisk Stock Is Surging On Monday?
• Positive Sentiment: Q3 (FY2026) results included a large beat on EPS and revenue, driven by datacenter/enterprise mix and premium SSD pricing — management raised forward expectations, which underpins earnings revisions. Sandisk Corporation 2026 Q3 – Results – Earnings Call Presentation
• Positive Sentiment: SanDisk posted outsized recent returns (e.g., huge April gain and year-to-date strength), signaling investor enthusiasm for its pivot toward AI/datacenter exposure and scarcity-driven NAND pricing recovery. SanDisk Stock Crushes Nvidia With 45x Returns, Becomes S&P 500’s Best
• Positive Sentiment: Analysts and screens are raising earnings estimates and highlighting strong momentum (Zacks notes estimate revisions and rapid share-price gains), which can attract momentum and quant funds. Can Sandisk Corporation (SNDK) Run Higher on Rising Earnings Estimates?
• Neutral Sentiment: Coverage pieces ask whether the run-up leaves SNDK too stretched for new buyers (valuation/positioning questions); these are discussion pieces rather than new fundamental data. Is It Too Late To Consider Sandisk (SNDK) After A 331.3% Year To Date Surge?
• Neutral Sentiment: High-profile commentators (e.g., Jim Cramer) note Sandisk is benefiting from the current datacenter/AI environment — useful for sentiment but not new hard data. Sandisk (SNDK) is Enjoying the Current Environment, Says Jim Cramer
• Neutral Sentiment: Momentum-focused write-ups note very large multi-month gains; these can draw momentum traders but also amplify short-term volatility. Sandisk Corporation (SNDK) Is Up 19.91% in One Week: What You Should Know
• Negative Sentiment: Critical analysts warn the rally is “overbought” and highlight risks: bit shipments down sequentially, guidance implying decelerating pricing, and stretched technicals — these raise near-term downside risk if demand or pricing weakens. Sandisk: The Call Was A Warning
• Negative Sentiment: Valuation/mean-reversion concerns: analysis arguing the multi-thousand-percent rally leaves limited upside and greater risk of pullback in a profit-taking scenario. SanDisk Stock’s 3,314% Rally Leaves Little Room to Run

Insider Buying and Selling at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the transaction, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

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.