Parnassus Investments LLC Takes Position in Sandisk Corporation $SNDK

Parnassus Investments LLC acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the third quarter, HoldingsChannel.com reports. The firm acquired 925,267 shares of the data storage provider’s stock, valued at approximately $103,815,000.

Other hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund purchased a new stake in shares of Sandisk during the third quarter valued at $3,489,000. Cromwell Holdings LLC purchased a new position in shares of Sandisk during the third quarter valued at approximately $39,000. State of Alaska Department of Revenue bought a new position in Sandisk during the third quarter valued at approximately $7,792,000. Webster Bank N. A. purchased a new stake in Sandisk in the third quarter worth approximately $45,000. Finally, Nisa Investment Advisors LLC bought a new stake in Sandisk in the 3rd quarter worth approximately $3,258,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SNDK shares. Susquehanna raised their price target on Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research note on Monday, December 8th. Cantor Fitzgerald boosted their price target on Sandisk from $240.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. China Renaissance initiated coverage on Sandisk in a research note on Friday, December 5th. They issued a “buy” rating and a $322.00 price objective on the stock. Finally, Wedbush boosted their price objective on Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.17.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Report says SanDisk could double prices for 3D NAND used in enterprise SSDs — if true, much higher ASPs (average selling prices) for high?capacity enterprise flash would boost margins and revenue visibility, supporting a re-rating of SNDK. Sandisk surges after report indicating company could double price of 3D NAND for enterprise SSDs: report
• Positive Sentiment: Nomura / market writeups cited by news outlets say SanDisk plans to sharply raise prices on high?capacity parts — reinforcing the price?power narrative and helping lift sentiment among momentum traders and funds focused on AI supply chains. Why SanDisk Stock (SNDK) Is Surging Today
• Positive Sentiment: Bank of America raised its price target to $390 and reiterated a Buy — the upgrade follows Nvidia’s CES comments about a large unserved memory market, and BofA links that secular demand to higher valuation support for SNDK. BofA Hikes SanDisk (SNDK) PT to $390 Following Nvidia’s CES 2026 AI Roadmap
• Positive Sentiment: Nvidia CEO Jensen Huang highlighted memory as a major unserved market at CES — that macro narrative increases conviction that data?center flash demand (and pricing) will remain strong, benefiting memory suppliers like SanDisk. SanDisk Trending After Nvidia CEO Jensen Huang Flags Memory As Major ‘Unserved Market’ With Surging Demand And Prices
• Neutral Sentiment: SanDisk appears on lists of top stocks to “double up” on for 2026 — positive publicity but more thematic than news?driven; useful for retail inflows but not a direct catalyst. Top Stocks to Double Up on Right Now
• Neutral Sentiment: MarketBeat and other roundups note SanDisk’s massive 2025 run and early?2026 momentum — supports investor interest and flows, though it’s reiterative of existing momentum rather than a new fundamental change. MarketBeat Week in Review – 01/05 – 01/09
• Negative Sentiment: Technical/valuation caution: coverage flagged SNDK as overbought after a ~20% surge — raises risk of a short-term pullback or consolidation despite favorable fundamentals. SanDisk Stock Just Became Overbought After 20% Surge in SNDK

Insider Buying and Selling

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the transaction, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. This trade represents a 26.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is owned by company insiders.

Sandisk Stock Performance

SNDK opened at $377.41 on Friday. The company has a fifty day moving average of $241.03 and a 200 day moving average of $135.35. Sandisk Corporation has a fifty-two week low of $27.89 and a fifty-two week 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 debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29.

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

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.