Rothschild Investment LLC Purchases Shares of 2,384 Sandisk Corporation $SNDK

Rothschild Investment LLC acquired a new position in Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,384 shares of the data storage provider’s stock, valued at approximately $267,000.

Several other hedge funds have also recently bought and sold shares of the business. Parnassus Investments LLC acquired a new position in Sandisk in the 3rd quarter worth $103,815,000. Voya Investment Management LLC purchased a new stake in shares of Sandisk during the third quarter worth about $8,917,000. Romano Brothers AND Company purchased a new position in Sandisk in the third quarter valued at about $693,000. Deprince Race & Zollo Inc. purchased a new position in Sandisk in the third quarter valued at about $39,480,000. Finally, CWM LLC acquired a new stake in Sandisk during the 3rd quarter valued at approximately $7,374,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SNDK shares. UBS Group reissued an “overweight” rating and set a $230.00 price target on shares of Sandisk in a research report on Monday, November 3rd. Cantor Fitzgerald raised their price objective on shares of Sandisk from $240.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Susquehanna upped their target price on shares of Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $320.00 price objective on shares of Sandisk in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $239.17.

Insider Buying and Selling

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the transaction, the director owned 3,479 shares in the company, valued at approximately $678,892.06. The trade was 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 currently owned by corporate insiders.

Sandisk Stock Up 12.8%

Shares of Sandisk stock opened at $377.41 on Monday. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $384.00. The stock has a market capitalization of $55.31 billion and a price-to-earnings ratio of 1,179.41. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is $241.03 and its 200-day simple moving average is $136.60.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.12 billion. The firm’s revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Sandisk 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.