Illinois Municipal Retirement Fund Acquires New Holdings in Sandisk Corporation $SNDK

Illinois Municipal Retirement Fund bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,283 shares of the data storage provider’s stock, valued at approximately $5,642,000.

Several other hedge funds also recently modified their holdings of the business. Parnassus Investments LLC bought a new stake in Sandisk during the 3rd quarter valued at approximately $103,815,000. Principal Financial Group Inc. bought a new stake in shares of Sandisk in the third quarter valued at approximately $74,265,000. Deprince Race & Zollo Inc. bought a new stake in shares of Sandisk in the third quarter valued at approximately $39,480,000. Rhumbline Advisers acquired a new stake in shares of Sandisk in the third quarter worth $37,645,000. Finally, LSV Asset Management bought a new position in Sandisk during the third quarter worth $36,871,000.

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were 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 of the company’s stock, valued at approximately $678,892.06. This represents a 26.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Key Sandisk News

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 Trading Down 0.6%

SNDK stock opened at $626.56 on Friday. Sandisk Corporation has a 1-year low of $27.89 and a 1-year high of $725.00. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $387.83 and its 200-day moving average is $218.09. The firm has a market cap of $92.46 billion and a P/E ratio of -82.55.

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

Wall Street Analysts Forecast Growth

SNDK has been the topic of several research analyst reports. Susquehanna raised their price target on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, December 8th. Wedbush increased their target price on shares of Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. The Goldman Sachs Group boosted their price target on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. UBS Group set a $1,000.00 price target on Sandisk in a report on Monday, February 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $650.00 price objective on shares of Sandisk in a report on Friday, January 30th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $542.85.

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.