Savvy Advisors Inc. Takes $768,000 Position in Sandisk Corporation $SNDK

Savvy Advisors Inc. purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the third quarter, Holdings Channel reports. The firm purchased 6,843 shares of the data storage provider’s stock, valued at approximately $768,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parnassus Investments LLC acquired a new stake in Sandisk during the third quarter worth about $103,815,000. Principal Financial Group Inc. bought a new stake in shares of Sandisk during the 3rd quarter worth approximately $74,265,000. Deprince Race & Zollo Inc. acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $39,480,000. Rhumbline Advisers bought a new position in Sandisk in the third quarter valued at approximately $37,645,000. Finally, LSV Asset Management acquired a new position in Sandisk during the third quarter valued at approximately $36,871,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SNDK shares. Citigroup raised their target price on Sandisk from $490.00 to $750.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $650.00 price objective on shares of Sandisk in a research report on Friday, January 30th. Wedbush lifted their target price on Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Cantor Fitzgerald boosted their target price on Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Finally, Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $542.85.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the transaction, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by insiders.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Kioxia-led shortage signals and sector momentum are driving buying across memory names; analysts and news outlets point to early multi-year bookings and continued tight NAND supply as a structural tailwind for SanDisk. SanDisk (SNDK) Stock Rallies 5% as Memory Shortage Gets Worse – Time to Buy?
• Positive Sentiment: Sector-wide strength (Micron, WDC, STX) lifted SanDisk as investors rotated into memory plays after suppliers signaled constrained supply and earlier-than-usual bookings for 2027–28. Why Are Memory Chip Stocks Up Today? SanDisk (SNDK) Leads
• Positive Sentiment: Multiple bullish write-ups explain that SanDisk’s scale, JV relationships and focus on high-end data‑center flash give it pricing power and outsized earnings leverage in the current AI-driven cycle. Why SanDisk Stock Skyrocketed: 5 Key Questions Answered
• Neutral Sentiment: Coverage pieces summarizing the rally, ownership and street price-target activity provide context for momentum but don’t add new company-specific catalysts; useful for positioning and risk checks. With SanDisk Stock (SNDK) Up 165%, Let’s Look at Who Owns it
• Neutral Sentiment: Broad-market recognition pieces (e.g., roundup of strong S&P performers) keep the stock on screens but are not direct operational news for SanDisk. These 3 Zacks ‘Strong Buy’ Stocks Reflect the Hottest S&P 500 Stocks of 2026
• Negative Sentiment: Cautionary analysis warns the memory “party” could end if manufacturers ramp supply, AI spending normalizes, or competition/valuation concerns surface — all risks that could reverse recent profits quickly. Sandisk: The Storage Party May Be Coming To An End

Sandisk Price Performance

Shares of SNDK opened at $626.56 on Friday. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The stock has a market cap of $92.46 billion and a PE ratio of -82.55. Sandisk Corporation has a 12-month low of $27.89 and a 12-month high of $725.00. The business has a 50-day simple moving average of $387.83 and a two-hundred day simple moving average of $218.09.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk’s revenue for the quarter was up 61.2% on a year-over-year basis.

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.