KLP Kapitalforvaltning AS Purchases New Shares in Sandisk Corporation $SNDK

KLP Kapitalforvaltning AS acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,300 shares of the data storage provider’s stock, valued at approximately $3,400,000.

A number of other hedge funds also recently bought and sold shares of the company. Deprince Race & Zollo Inc. purchased a new position in shares of Sandisk in the third quarter worth approximately $39,480,000. Voya Investment Management LLC acquired a new position in Sandisk in the 3rd quarter worth approximately $8,917,000. CWM LLC purchased a new position in Sandisk during the 3rd quarter worth approximately $7,374,000. Louisiana State Employees Retirement System purchased a new position in Sandisk during the 3rd quarter worth approximately $7,125,000. Finally, Yousif Capital Management LLC acquired a new stake in Sandisk during the 3rd quarter valued at $5,041,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Report says SanDisk could double prices for 3D NAND used in enterprise SSDs — if true, much higher ASPs (average selling prices) for high‑capacity enterprise flash would boost margins and revenue visibility, supporting a re-rating of SNDK. Sandisk surges after report indicating company could double price of 3D NAND for enterprise SSDs: report
• Positive Sentiment: Nomura / market writeups cited by news outlets say SanDisk plans to sharply raise prices on high‑capacity parts — reinforcing the price‑power narrative and helping lift sentiment among momentum traders and funds focused on AI supply chains. Why SanDisk Stock (SNDK) Is Surging Today
• Positive Sentiment: Bank of America raised its price target to $390 and reiterated a Buy — the upgrade follows Nvidia’s CES comments about a large unserved memory market, and BofA links that secular demand to higher valuation support for SNDK. BofA Hikes SanDisk (SNDK) PT to $390 Following Nvidia’s CES 2026 AI Roadmap
• Positive Sentiment: Nvidia CEO Jensen Huang highlighted memory as a major unserved market at CES — that macro narrative increases conviction that data‑center flash demand (and pricing) will remain strong, benefiting memory suppliers like SanDisk. SanDisk Trending After Nvidia CEO Jensen Huang Flags Memory As Major ‘Unserved Market’ With Surging Demand And Prices
• Neutral Sentiment: SanDisk appears on lists of top stocks to “double up” on for 2026 — positive publicity but more thematic than news‑driven; useful for retail inflows but not a direct catalyst. Top Stocks to Double Up on Right Now
• Neutral Sentiment: MarketBeat and other roundups note SanDisk’s massive 2025 run and early‑2026 momentum — supports investor interest and flows, though it’s reiterative of existing momentum rather than a new fundamental change. MarketBeat Week in Review – 01/05 – 01/09
• Negative Sentiment: Technical/valuation caution: coverage flagged SNDK as overbought after a ~20% surge — raises risk of a short-term pullback or consolidation despite favorable fundamentals. SanDisk Stock Just Became Overbought After 20% Surge in SNDK

Sandisk Stock Performance

Shares of SNDK stock opened at $377.41 on Friday. Sandisk Corporation has a fifty-two week low of $27.89 and a fifty-two week high of $384.00. The stock’s 50-day moving average is $241.03 and its two-hundred day moving average is $135.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. The firm has a market cap of $55.31 billion and a P/E ratio of 1,179.41.

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

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director owned 3,479 shares in the company, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on SNDK shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Sandisk in a research note on Thursday, December 18th. Sanford C. Bernstein upgraded Sandisk to a “strong-buy” rating in a research report on Tuesday, September 16th. China Renaissance began coverage on Sandisk in a report on Friday, December 5th. They issued a “buy” rating and a $322.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Sandisk in a research report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average target price of $239.17.

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.