Optas LLC Invests $411,000 in Sandisk Corporation $SNDK

Optas LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, Holdings Channel reports. The fund bought 1,730 shares of the data storage provider’s stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Westfuller Advisors LLC lifted its holdings in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after buying an additional 43 shares in the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of Sandisk by 3.4% during the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock worth $489,000 after buying an additional 67 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Sandisk by 71.6% during the fourth quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock worth $42,000 after buying an additional 73 shares in the last quarter. Savvy Advisors Inc. lifted its holdings in shares of Sandisk by 1.3% during the fourth quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock worth $1,645,000 after buying an additional 87 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in shares of Sandisk during the fourth quarter worth $26,000.

Sandisk Stock Performance

NASDAQ:SNDK opened at $903.49 on Wednesday. The stock has a fifty day moving average price of $696.37 and a 200-day moving average price of $430.32. The company has a market cap of $133.36 billion, a price-to-earnings ratio of -119.04 and a beta of 5.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. Sandisk Corporation has a fifty-two week low of $29.32 and a fifty-two week high of $965.00.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. The firm 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%.Sandisk’s revenue was up 61.2% on a year-over-year basis. As a group, equities analysts anticipate that Sandisk Corporation will post 38.34 EPS for the current fiscal year.

Insider Buying and Selling at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. This represents a 26.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group lifted their target price on Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Benchmark upped their target price on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $650.00 target price on shares of Sandisk in a research report on Friday, January 30th. Raymond James Financial upgraded Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 target price for the company in a research report on Friday, January 30th. Finally, Bank of America upped their target price on Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $719.73.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Company product roadmap and enterprise wins — Zacks highlights SNDK’s acceleration in PCIe Gen5 SSDs, BiCS8 NAND and QLC “Stargate,” positioning the firm to capture AI-driven enterprise storage spending and support revenue growth. Sandisk’s Product Innovation Accelerates: Is Revenue Growth Secured?
• Positive Sentiment: Broader Wall Street push into memory — Morgan Stanley and other firms are doubling down on memory names as AI demand broadens beyond chips to CPUs and memory, a thematic tailwind for Sandisk. Why Morgan Stanley is doubling down on memory stocks amid AI boom?
• Positive Sentiment: Index inclusion and analyst upgrades — SNDK joined the Nasdaq‑100 and has seen price‑target raises (Wells Fargo lifted its target toward $975, other street calls pushed targets higher), increasing passive demand and analyst coverage. Sandisk Joins Nasdaq 100 As AI NAND Boom Reshapes Investor Focus
• Neutral Sentiment: Relative valuation and competitive context — The Motley Fool compares Sandisk and Western Digital, noting Sandisk’s NAND focus has longer-term growth potential versus HDD peers; useful for longer‑term allocation but not an immediate driver. SanDisk vs. Western Digital: Which Memory Storage Stock Is the Better Buy?
• Neutral Sentiment: Media coverage and investor attention — Jim Cramer and other commentators are citing SNDK’s surprise rally and their own missed calls; media attention can amplify flows but is not a fresh fundamental catalyst. Jim Cramer Notes “I Am Always Going to Miss a Stock Like Sandisk Because My Disciplines Will Betray Me”
• Negative Sentiment: Profit‑taking and volatility after a massive rally — Coverage (Barron’s and others) points to index‑rebalancing moves, stretched momentum, and high beta as reasons the stock would see pullbacks even amid positive fundamentals; this helps explain today’s decline. Sandisk Stock Joins the Nasdaq 100 Today. Why It’s Falling.

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.