Teacher Retirement System of Texas Makes New Investment in Sandisk Corporation $SNDK

Teacher Retirement System of Texas purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 292,064 shares of the data storage provider’s stock, valued at approximately $32,770,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. New York State Teachers Retirement System bought a new position in shares of Sandisk in the third quarter worth about $13,546,000. HB Wealth Management LLC purchased a new stake in Sandisk in the 3rd quarter worth approximately $348,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Sandisk in the 3rd quarter worth approximately $514,000. RWC Asset Management LLP bought a new stake in Sandisk during the 3rd quarter worth approximately $6,892,000. Finally, Parnassus Investments LLC purchased a new position in Sandisk during the third quarter valued at approximately $103,815,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SNDK. Citigroup increased their price objective on shares of Sandisk from $280.00 to $490.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank Of Canada assumed coverage on Sandisk in a research note on Wednesday, January 14th. They issued a “sector perform” rating and a $400.00 price target for the company. Mizuho raised their price target on Sandisk from $250.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, January 9th. China Renaissance assumed coverage on Sandisk in a research note on Friday, December 5th. They issued a “buy” rating and a $322.00 price objective for the company. Finally, Zacks Research cut Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $327.89.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Structural AI-driven demand is shifting smart money into storage (hot-tier SSDs) where Sandisk benefits from pricing power and supply tightness—this underpins revenue and margin upside. Forget the Chips, Buy Memory: Why AI Money Is Moving to Storage
• Positive Sentiment: Sandisk has a history of beating estimates and analysts see another potential upside to EPS based on operating leverage and recent demand trends—this supports upside to guidance and stock momentum. Why Sandisk Could Beat Earnings Estimates Again
• Positive Sentiment: Heavy short interest and prior squeeze activity have created a crowded long/short setup—reports estimate large losses for shorts, which can amplify rallies if buying resumes. Sandisk rally inflicts $3B loss on shorts
• Neutral Sentiment: Investors are focused on SNDK’s upcoming Q2 2026 report and guidance; expectations are elevated after recent beats, so the stock is sensitive to any conservative guidance or supply/price commentary. What to Expect From Sandisk’s Q2 2026 Earnings Report
• Negative Sentiment: Profit-taking and a short-term pause in the AI memory rally are pressuring the stock after an extraordinary run (over 1,000%+ since early 2025); technical momentum is cooling, which can accelerate pullbacks. SanDisk Stock Extends Pullback As AI Memory Rally Catches Its Breath
• Negative Sentiment: Valuation and analyst caution: some outlets flag SNDK as richly valued and vulnerable to sharp reversals if growth or guidance disappoints—raises downside risk for momentum traders. 2 Ultra-Popular AI Stocks to Sell Before They Drop

Sandisk Stock Down 5.9%

Shares of SNDK stock opened at $473.83 on Friday. The stock has a market cap of $69.44 billion and a P/E ratio of 1,480.72. The company’s fifty day simple moving average is $280.02 and its two-hundred day simple moving average is $162.23. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $509.50.

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

Insider Activity

In other news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction that occurred 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 directly owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

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.