Park Avenue Securities LLC Buys New Position in Sandisk Corporation $SNDK

Park Avenue Securities LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,909 shares of the data storage provider’s stock, valued at approximately $453,000.

Several other institutional investors have also added to or reduced their stakes in the business. Osaic Holdings Inc. purchased a new stake in shares of Sandisk during the second quarter worth about $317,000. Corient Private Wealth LLC purchased a new position in shares of Sandisk in the 2nd quarter valued at approximately $353,000. Praxis Investment Management Inc. purchased a new position in shares of Sandisk in the 3rd quarter valued at approximately $533,000. GAMMA Investing LLC acquired a new stake in Sandisk in the 3rd quarter worth approximately $439,000. Finally, Voya Investment Management LLC acquired a new stake in Sandisk in the 3rd quarter worth approximately $8,917,000.

Insider Transactions at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction on 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 sale, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. 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 owned by corporate insiders.

Sandisk Stock Performance

SNDK opened at $615.83 on Friday. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. Sandisk Corporation has a 12-month low of $27.89 and a 12-month high of $777.60. The firm has a 50 day moving average of $606.69 and a two-hundred day moving average of $344.16. The firm has a market capitalization of $90.90 billion and a PE ratio of -81.14.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating the consensus estimate of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The firm’s revenue for the quarter was up 61.2% compared to the same quarter last year.

Analysts Set New Price Targets

SNDK has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Sandisk from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Raymond James Financial upgraded shares of Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price objective for the company in a research note on Friday, January 30th. Citigroup boosted their price objective on shares of Sandisk from $750.00 to $875.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Sanford C. Bernstein upped their target price on Sandisk from $300.00 to $580.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Finally, China Renaissance started coverage on Sandisk in a research note on Friday, December 5th. They issued a “buy” rating and a $322.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $594.48.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Top analyst support rekindled buying interest — a high-profile Wall Street analyst reiterated a bullish outlook, helping lift sentiment after recent weakness. A Top Wall Street Analyst Just Reignited Hope In SanDisk Stock (SNDK)
• Positive Sentiment: Supply-security move with Taiwan’s Nanya: SanDisk is securing NAND/DRAM supply via ties with Nanya (choosing Taiwan capacity), which reduces execution risk amid rapid demand growth and supports longer-term supply tightness. After A 1,600% Stock Surge, SanDisk Is Securing Supply — By Choosing Taiwan Over America
• Positive Sentiment: Firm demand drivers remain: analysts argue SanDisk can still benefit from tight NAND supply, continued hyperscaler AI spending, and broad-based enterprise/edge demand — a structural tailwind if near-term shocks fade. Google’s TurboQuant Shakes SanDisk. What Should You Do With SNDK Stock Now?
• Neutral Sentiment: Strong recent fundamentals and momentum: coverage highlights massive trailing EPS growth and big multi-session gains this year — supportive for momentum investors but increases sensitivity to sentiment reversals. SNDK Stock: 216% EPS Growth & 1,162% Price Performance | 2-Minute Analysis
• Negative Sentiment: Google’s TurboQuant sparked a sector selloff by implying potential changes in memory usage/pricing dynamics — that headline created near-term demand uncertainty and weighed heavily on SNDK and peers. Why Is SanDisk (SNDK) Stock Down Today and Should You Buy the Dip?
• Negative Sentiment: Macro & rate pressures are dragging tech and memory stocks broadly — rising rate/fear environment makes high-multiple momentum names more volatile even if fundamentals remain strong. SNDK, WDC and STX Forecasts – Computer Companies Fall with Everything Else

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.