2,731 Shares in Sandisk Corporation $SNDK Purchased by Horizon Investments LLC

Key Points

• Horizon Investments LLC opened a new position in Sandisk, buying 2,731 shares valued at about $648,000 in the fourth quarter.
• Institutional interest in SNDK remains strong, with large investors like Vanguard, State Street, and others also reporting major new stakes in the stock.
• Sandisk continues to attract bullish attention from analysts and media due to the AI memory demand boom, strong earnings, and a series of raised price targets, though some commentary warns the stock may be due for volatility after a big run.

Horizon Investments LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,731 shares of the data storage provider's stock, valued at approximately $648,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SNDK. Vanguard Group Inc. acquired a new position in shares of Sandisk during the third quarter worth approximately $1,970,388,000. State Street Corp bought a new stake in Sandisk during the third quarter worth approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk in the third quarter valued at $297,293,000. Bank of America Corp DE bought a new position in shares of Sandisk in the third quarter valued at $190,425,000. Finally, AQR Capital Management LLC acquired a new stake in Sandisk during the 3rd quarter valued at $163,057,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Shares are benefiting from the broad AI memory supercycle trade, as investors rotate into SanDisk and Micron on expectations that AI data-center demand will keep memory supply tight and pricing strong. SanDisk Did In Months What Nvidia Took 9 Years To Pull Off — And The Chart Looks Almost Unreal
• Positive Sentiment: Wall Street sentiment remains bullish after Cantor Fitzgerald raised its price target on SanDisk to $1,800 and Goldman Sachs lifted its target to $1,200, reinforcing the view that the stock still has room to run after its strong earnings beat and raised outlook. Why Sandisk Corporation (SNDK) is One of the Top Stock Giants That Were Suddenly On Fire in April Goldman Sachs Raises its Price Target on SanDisk (SNDK) to $1,200
• Positive Sentiment: Analyst chatter and media coverage are increasingly framing SanDisk as a leading beneficiary of AI infrastructure spending, including reports that the company has locked in major AI-related deals and could still nearly double from current levels if the memory boom persists. SanDisk to $2,000: Why This Analyst Is Betting SNDK Stock Can Still Almost Double — And Putting Up the Highest Price Target on Wall Street SanDisk stock surges 10% after locking in $42 billion in AI deals
• Neutral Sentiment: Some commentary suggests the move is getting stretched after an enormous run, with options activity and short-interest concerns signaling that traders may be preparing for volatility even if the longer-term thesis remains intact. Sandisk: The Options Market Is Pricing A Big Selloff (Technical Analysis)
• Negative Sentiment: Near-term pullbacks have been tied to bubble concerns and short-selling pressure, with some investors warning the AI rally may be overheated even as others still see further upside. Why Is SanDisk Stock Falling On Thursday?

Insider Transactions at Sandisk

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on SNDK shares. Wall Street Zen raised shares of Sandisk from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 31st. Mizuho set a $1,220.00 price objective on shares of Sandisk in a report on Friday, May 1st. Weiss Ratings raised shares of Sandisk from a "sell (d+)" rating to a "hold (c+)" rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an "equal weight" rating in a research report on Friday, May 1st. Finally, Bank of America boosted their price target on Sandisk from $900.00 to $1,080.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Sandisk has an average rating of "Moderate Buy" and a consensus price target of $1,065.81.

Sandisk Stock Performance

Shares of SNDK stock opened at $1,562.34 on Friday. Sandisk Corporation has a 52-week low of $35.79 and a 52-week high of $1,564.00. The stock has a market cap of $231.37 billion, a PE ratio of 54.30 and a beta of 4.82. The firm's 50 day moving average price is $797.19 and its two-hundred day moving average price is $500.60.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company's revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts predict that Sandisk Corporation will post 63.93 earnings per share for the current fiscal year.

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.

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