Public Sector Pension Investment Board Invests $60.42 Million in Sandisk Corporation $SNDK

Public Sector Pension Investment Board acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 538,459 shares of the data storage provider’s stock, valued at approximately $60,415,000. Public Sector Pension Investment Board owned 0.37% of Sandisk as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new stake in Sandisk in the 3rd quarter valued at about $28,000. Covestor Ltd bought a new stake in shares of Sandisk in the 3rd quarter worth approximately $37,000. Cromwell Holdings LLC acquired a new stake in Sandisk during the third quarter valued at approximately $39,000. True Wealth Design LLC bought a new stake in Sandisk during the third quarter worth approximately $40,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Sandisk during the third quarter worth approximately $41,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure boom + NAND shortage — multiple write-ups explain that data-center AI spending has created an acute need for high‑performance flash; tight NAND supply is lifting prices and SanDisk’s revenue/earnings outlook. Article Title
• Positive Sentiment: Sector momentum from peers — Micron’s early HBM4 shipments and other memory headlines have boosted the whole memory group, sparking cross‑stock buying that’s lifted SNDK. Article Title
• Positive Sentiment: Business positioning — coverage highlights SanDisk’s Kioxia JV scale, focus on premium enterprise SSDs (including very high‑density drives) and pricing power versus peers, which can sustain margins during a shortage. Article Title
• Neutral Sentiment: Ownership & analyst view — TFirms and retail ownership shifts are being documented and some street price targets have moved higher, but analysts differ on how sustainable current multiples are. Article Title
• Neutral Sentiment: Investor composition — recent coverage looks at who owns SNDK after big YTD gains; elevated retail/institution interest can amplify moves in both directions. Article Title
• Negative Sentiment: Valuation & cycle risk — multiple pieces warn that after a parabolic rally much of the AI/storage upside is priced in; a memory-cycle flip, supply ramp or any demand slowdown could produce a sharp pullback. Article Title
• Negative Sentiment: “Buy the dip?” debate — commentators note the stock has pulled back from very recent highs and caution that chasing at peak multiples is risky; some suggest waiting for a clearer pullback or confirmation of sustained profit growth. Article Title

Sandisk Stock Up 5.2%

NASDAQ:SNDK opened at $630.29 on Friday. The business’s fifty day moving average price is $379.87 and its 200 day moving average price is $214.03. The firm has a market capitalization of $93.01 billion and a price-to-earnings ratio of -83.04. 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 1-year low of $27.89 and a 1-year high of $725.00.

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

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the business’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 transaction of $248,022.94. Following the transaction, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SNDK shares. Morgan Stanley set a $690.00 price target on Sandisk in a report on Friday, January 30th. Barclays boosted their target price on Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. Cantor Fitzgerald increased their price target on Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. China Renaissance started coverage on Sandisk in a report on Friday, December 5th. They set a “buy” rating and a $322.00 price objective on the stock. Finally, UBS Group set a $1,000.00 price objective on shares of Sandisk in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.