Louisiana State Employees Retirement System Makes New $7.13 Million Investment in Sandisk Corporation $SNDK

Louisiana State Employees Retirement System purchased a new position in Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 63,500 shares of the data storage provider’s stock, valued at approximately $7,125,000.

Other institutional investors have also added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC purchased a new position in Sandisk during the third quarter valued at $672,000. TI Trust Inc. purchased a new position in Sandisk in the third quarter worth about $205,000. Worth Financial Advisory Group LLC bought a new stake in Sandisk during the third quarter worth approximately $216,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Sandisk in the 3rd quarter worth approximately $403,000. Finally, Global Retirement Partners LLC bought a new position in Sandisk during the third quarter valued at $49,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Big‑picture AI demand: Comments from Nvidia’s CEO and other bullish takes have reframed AI “working memory” as a huge, under‑served storage market — a narrative that directly benefits Sandisk as an SSD supplier. Sandisk Corp. (SNDK)at All-Time High as Memory Market Set to Become ‘One of the Largest’
• Positive Sentiment: NAND price tailwind: industry research (TrendForce) expects large Q1 NAND flash price gains, which would boost revenue/margins for enterprise SSD suppliers like Sandisk. That report is being cited widely by investors. Memory makers prioritize server applications driving across-the-board price increases in 1Q26, says TrendForce
• Positive Sentiment: Product/CES news: Sandisk rebranded its WD_Black SSD family to the new Sandisk Optimus line at CES 2026, a visible product push that traders view as reinforcing the company’s retail and gaming/enterprise SSD positioning. Sandisk stock rallies on CES debut of new ‘Optimus’ SSD line
• Neutral Sentiment: Options and momentum flows: elevated options activity and heavy volume suggest speculative and institutional positioning amplified the move, which can accelerate gains but also increase volatility. What the Options Market Tells Us About SanDisk
• Negative Sentiment: Valuation and “runaway” concerns: several analysts and pieces warn SNDK’s rally may be ahead of fundamentals after massive YTD gains; consensus price targets remain well below today’s levels, implying downside risk if the industry narrative cools. SanDisk stock: maybe it has gotten ahead of itself after all
• Negative Sentiment: Longer‑term governance/valuation watch: commentary about board repositioning and in‑depth valuation pieces flag potential strategic/valuation scrutiny as the company moves from recovery into a high‑growth, high‑multiple phase. Is Sandisk (SNDK) Quietly Repositioning Its Board For A New Phase Of Strategic Risk Management?

Wall Street Analyst Weigh In

Several research analysts have issued reports on SNDK shares. China Renaissance began coverage on Sandisk in a research report on Friday, December 5th. They set a “buy” rating and a $322.00 target price for the company. Citigroup boosted their price target on Sandisk from $150.00 to $280.00 and gave the company a “buy” rating in a report on Friday, November 7th. JPMorgan Chase & Co. started coverage on Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price objective for the company. Bank of America increased their price objective on shares of Sandisk from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, Cantor Fitzgerald boosted their price target on Sandisk from $240.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $213.33.

Sandisk Stock Up 27.6%

SNDK stock opened at $349.63 on Wednesday. The stock has a market capitalization of $51.24 billion and a PE ratio of 1,092.59. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $352.00. 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 firm has a 50 day moving average of $231.71 and a 200 day moving average of $130.08.

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, topping analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by company 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.