RWC Asset Management LLP Makes New Investment in Sandisk Corporation $SNDK

Key Points

• RWC Asset Management initiated a new position in Sandisk (NASDAQ:SNDK) in Q3, buying 61,426 shares valued at about $6.89 million.
• Several other institutions also added sizable stakes—most notably Parnassus Investments ($103.8M) and Deprince Race & Zollo ($39.5M)—indicating strong institutional interest during the quarter.
• Sandisk’s stock has ripped higher on reports of AI‑driven memory shortages and potential 3D NAND price gains (one‑month jumps ~55–83%), attracting analyst upgrades but also raising valuation and volatility concerns given elevated short interest (~6% of shares outstanding).

RWC Asset Management LLP acquired a new position in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 61,426 shares of the data storage provider's stock, valued at approximately $6,892,000.

A number of other institutional investors have also recently modified their holdings of SNDK. Parnassus Investments LLC acquired a new position in shares of Sandisk during the 3rd quarter worth $103,815,000. Deprince Race & Zollo Inc. bought a new stake in shares of Sandisk in the third quarter worth $39,480,000. New York State Teachers Retirement System bought a new position in shares of Sandisk during the third quarter worth about $13,546,000. FengHe Fund Management Pte. Ltd. bought a new stake in shares of Sandisk in the 3rd quarter valued at $10,883,000. Finally, Voya Investment Management LLC bought a new stake in Sandisk during the third quarter valued at $8,917,000.

Insider Activity

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Reports that SanDisk could double 3D NAND prices drove investor enthusiasm — higher pricing would materially boost margins and revenue if sustained. As SanDisk Eyes Doubling Memory Prices, Should You Buy Red-Hot SNDK Stock?
• Positive Sentiment: A WSJ piece highlights AI-driven memory shortages and explains why producers (including SanDisk) are not rapidly expanding supply — supportive for pricing and industry profitability. AI Is Causing a Memory Shortage. Why Producers Aren't Rushing to Make a Lot More.
• Positive Sentiment: Analysis noting strong demand, constrained supply and solid pricing as a platform for growth reinforces the positive thesis for sustained earnings momentum. As SanDisk Kicks Off 2026 Strong, Can SNDK’s Stock Rally Hold?
• Positive Sentiment: Feature coverage (Forbes) on the stock’s 55% one‑month jump highlights momentum investing and greater market attention — that can keep flows into the stock in the near term. Here's Why Sandisk Stock Rose 55 In A Month
• Neutral Sentiment: Trading/teaching content (Prosper Trading Academy) highlights SNDK as an options/short‑term trade idea — increases visibility but not a fundamental endorsement. The Big 3: SNDK, BIDU, COF
• Neutral Sentiment: Coverage placing SanDisk among 2025 top S&P performers reminds investors of cyclical upside but also raises questions about valuation after the rally. These Were the S&P 500's Top Performers in 2025. Are They Still Good Buys in 2026?
• Negative Sentiment: Short interest rose notably in December to 8,816,510 shares (about 6.0% of shares outstanding), up 27.2% vs. mid‑December; short‑interest ratio ~1.3 days — elevated short positions increase potential volatility and could cap near‑term upside or fuel squeezes. (Data entry: Dec. 31 short interest)
• Neutral Sentiment: A Jan. 12 short‑interest data line showing 0 shares appears to be a reporting glitch and should be treated cautiously until reconciled.
• Neutral Sentiment: Some articles ask whether the recent rally is overextended, signaling investor caution about valuation and near‑term pullbacks. Is It Too Late To Consider Sandisk (SNDK) After Its Recent 83% Monthly Surge?

Sandisk Stock Performance

Shares of SNDK opened at $389.27 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. Sandisk Corporation has a one year low of $27.89 and a one year high of $395.16. The firm has a market capitalization of $57.05 billion and a PE ratio of 1,216.47. The company has a 50-day simple moving average of $244.68 and a two-hundred day simple moving average of $139.00.

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

Analyst Ratings Changes

SNDK has been the subject of several research analyst reports. Fox Advisors upgraded shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 7th. Barclays lifted their price objective on shares of Sandisk from $39.00 to $220.00 and gave the stock an "equal weight" rating in a report on Monday, November 10th. Cantor Fitzgerald boosted their price objective on Sandisk from $240.00 to $300.00 and gave the stock an "overweight" rating in a research report on Friday, November 7th. Sanford C. Bernstein upgraded shares of Sandisk to a "strong-buy" rating in a report on Tuesday, September 16th. Finally, Morgan Stanley upped their price objective on Sandisk from $263.00 to $273.00 and gave the company an "overweight" rating in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $239.17.

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.

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