Trek Financial LLC Acquires New Position in Sandisk Corporation $SNDK

Trek Financial LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,131 shares of the data storage provider’s stock, valued at approximately $2,595,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNDK. CVA Family Office LLC purchased a new stake in shares of Sandisk during the third quarter worth $28,000. Covestor Ltd acquired a new position in Sandisk during the 3rd quarter worth $37,000. Cromwell Holdings LLC purchased a new stake in Sandisk during the 3rd quarter worth about $39,000. True Wealth Design LLC acquired a new stake in Sandisk in the 3rd quarter valued at about $40,000. Finally, Webster Bank N. A. purchased a new position in shares of Sandisk in the 3rd quarter valued at about $45,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Structural AI-driven demand is shifting smart money into storage (hot-tier SSDs) where Sandisk benefits from pricing power and supply tightness—this underpins revenue and margin upside. Forget the Chips, Buy Memory: Why AI Money Is Moving to Storage
• Positive Sentiment: Sandisk has a history of beating estimates and analysts see another potential upside to EPS based on operating leverage and recent demand trends—this supports upside to guidance and stock momentum. Why Sandisk Could Beat Earnings Estimates Again
• Positive Sentiment: Heavy short interest and prior squeeze activity have created a crowded long/short setup—reports estimate large losses for shorts, which can amplify rallies if buying resumes. Sandisk rally inflicts $3B loss on shorts
• Neutral Sentiment: Investors are focused on SNDK’s upcoming Q2 2026 report and guidance; expectations are elevated after recent beats, so the stock is sensitive to any conservative guidance or supply/price commentary. What to Expect From Sandisk’s Q2 2026 Earnings Report
• Negative Sentiment: Profit-taking and a short-term pause in the AI memory rally are pressuring the stock after an extraordinary run (over 1,000%+ since early 2025); technical momentum is cooling, which can accelerate pullbacks. SanDisk Stock Extends Pullback As AI Memory Rally Catches Its Breath
• Negative Sentiment: Valuation and analyst caution: some outlets flag SNDK as richly valued and vulnerable to sharp reversals if growth or guidance disappoints—raises downside risk for momentum traders. 2 Ultra-Popular AI Stocks to Sell Before They Drop

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SNDK. China Renaissance initiated coverage on shares of Sandisk in a research note on Friday, December 5th. They set a “buy” rating and a $322.00 target price on the stock. Benchmark increased their price objective 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. Mizuho raised their price objective on shares of Sandisk from $250.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Barclays set a $385.00 price objective on shares of Sandisk in a research report on Thursday, January 15th. Finally, UBS Group set a $580.00 target price on Sandisk in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $327.89.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction that occurred on Wednesday, December 3rd. The stock was 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 of the company’s stock, valued at $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

Sandisk Trading Down 5.9%

NASDAQ SNDK opened at $473.83 on Friday. The firm’s fifty day moving average price is $280.02 and its 200 day moving average price is $163.04. Sandisk Corporation has a 12 month low of $27.89 and a 12 month high of $509.50. 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 company has a market capitalization of $69.44 billion and a price-to-earnings ratio of 1,480.72.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data 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 company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.12 billion. The business’s 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.

About Sandisk

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.