Strs Ohio Purchases 26,905 Shares of Sandisk Corporation $SNDK

Key Points

• Strs Ohio boosted its stake in Sandisk by 834.3% in Q4, buying 26,905 shares to hold 30,130 shares worth about $7.15 million.
• Sandisk crushed Q3 estimates, reporting $23.41 EPS vs. $14.17 expected and revenue of $5.95 billion (up 251% YoY), and management raised forward guidance while analysts lifted price targets.
• Momentum is strong but mixed: several analyst upgrades cite datacenter/AI contract wins and margin upside, but some warn the rally looks overbought and valuation/volatility risks are elevated.

Strs Ohio increased its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 834.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,130 shares of the data storage provider's stock after acquiring an additional 26,905 shares during the quarter. Strs Ohio's holdings in Sandisk were worth $7,152,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. bought a new position in Sandisk in the 4th quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sandisk in the 3rd quarter worth $27,000. CVA Family Office LLC bought a new position in Sandisk in the 3rd quarter worth $28,000. Parallel Advisors LLC bought a new position in Sandisk in the 3rd quarter worth $30,000. Finally, Westfuller Advisors LLC raised its holdings in Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock worth $30,000 after acquiring an additional 43 shares during the period.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,255.86 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.78 and a quick ratio of 3.62. The firm has a market capitalization of $185.36 billion, a price-to-earnings ratio of 43.65 and a beta of 4.82. The company's fifty day moving average is $753.17 and its two-hundred day moving average is $474.35. Sandisk Corporation has a 52-week low of $33.13 and a 52-week high of $1,275.11.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion for the quarter. During the same quarter last year, the firm posted ($0.30) earnings per share. Sandisk's revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts forecast that Sandisk Corporation will post 47.45 EPS for the current year.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Multiple analyst upgrades and buy ratings (Citigroup, Wedbush, Bernstein) cite large hyperscaler/datacenter contract wins and stronger enterprise demand, supporting upside to revenue and margins. Why SanDisk Stock Is Surging On Monday?
• Positive Sentiment: Q3 (FY2026) results included a large beat on EPS and revenue, driven by datacenter/enterprise mix and premium SSD pricing — management raised forward expectations, which underpins earnings revisions. Sandisk Corporation 2026 Q3 - Results - Earnings Call Presentation
• Positive Sentiment: SanDisk posted outsized recent returns (e.g., huge April gain and year-to-date strength), signaling investor enthusiasm for its pivot toward AI/datacenter exposure and scarcity-driven NAND pricing recovery. SanDisk Stock Crushes Nvidia With 45x Returns, Becomes S&P 500's Best
• Positive Sentiment: Analysts and screens are raising earnings estimates and highlighting strong momentum (Zacks notes estimate revisions and rapid share-price gains), which can attract momentum and quant funds. Can Sandisk Corporation (SNDK) Run Higher on Rising Earnings Estimates?
• Neutral Sentiment: Coverage pieces ask whether the run-up leaves SNDK too stretched for new buyers (valuation/positioning questions); these are discussion pieces rather than new fundamental data. Is It Too Late To Consider Sandisk (SNDK) After A 331.3% Year To Date Surge?
• Neutral Sentiment: High-profile commentators (e.g., Jim Cramer) note Sandisk is benefiting from the current datacenter/AI environment — useful for sentiment but not new hard data. Sandisk (SNDK) is Enjoying the Current Environment, Says Jim Cramer
• Neutral Sentiment: Momentum-focused write-ups note very large multi-month gains; these can draw momentum traders but also amplify short-term volatility. Sandisk Corporation (SNDK) Is Up 19.91% in One Week: What You Should Know
• Negative Sentiment: Critical analysts warn the rally is "overbought" and highlight risks: bit shipments down sequentially, guidance implying decelerating pricing, and stretched technicals — these raise near-term downside risk if demand or pricing weakens. Sandisk: The Call Was A Warning
• Negative Sentiment: Valuation/mean-reversion concerns: analysis arguing the multi-thousand-percent rally leaves limited upside and greater risk of pullback in a profit-taking scenario. SanDisk Stock’s 3,314% Rally Leaves Little Room to Run

Insider Buying and Selling at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several recent analyst reports. Sanford C. Bernstein lifted their target price on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an "outperform" rating in a report on Monday. Bank of America raised their price target on shares of Sandisk from $900.00 to $1,080.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Arete Research upgraded shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Zacks Research upgraded shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 20th. Finally, KGI Securities initiated coverage on shares of Sandisk in a research report on Wednesday, March 18th. They issued an "outperform" rating and a $992.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,065.81.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.