Nissay Asset Management Corp Japan Grows Position in Sandisk Corporation $SNDK

Nissay Asset Management Corp Japan boosted its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 4,206.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 24,763 shares of the data storage provider’s stock after acquiring an additional 24,188 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Sandisk were worth $56,304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in SNDK. Valley Wealth Managers Inc. acquired a new stake in shares of Sandisk in the first quarter valued at approximately $25,000. Greenline Wealth Management LLC acquired a new position in shares of Sandisk in the 4th quarter valued at $26,000. Chung Wu Investment Group LLC acquired a new position in shares of Sandisk in the 4th quarter valued at $27,000. IMG Wealth Management Inc. purchased a new stake in Sandisk in the 1st quarter valued at $29,000. Finally, Dunhill Financial LLC purchased a new stake in Sandisk in the 2nd quarter valued at $30,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Major Japan investment supports long-term growth: Sandisk and Kioxia plan to invest more than $31 billion in Japan through 2032, subject to government support, to expand flash-memory production. The spending is intended to address tight supply caused by accelerating AI and data-center demand, while strengthening Sandisk’s long-standing joint venture with Kioxia. Kioxia and Sandisk to Invest Over $31 Billion in Japan
• Positive Sentiment: AI demand remains a powerful industry tailwind: Nvidia’s strong quarterly results and outlook reinforced expectations for sustained spending on AI infrastructure, potentially lifting demand for Sandisk’s NAND flash and enterprise solid-state drives. Analysts also point to pricing strength, constrained supply and multiyear agreements as drivers of near-term growth. Memory and Storage Giants to Gain Amid Nvidia’s Results
• Positive Sentiment: Recent operating performance provides support: Sandisk’s latest quarterly results exceeded expectations, with earnings per share of $39.25 versus the $33.28 consensus and revenue up 371.6% year over year. Its guidance for fiscal 2027 also reflects continued confidence in demand.
• Neutral Sentiment: Long-term opportunity is substantial but execution-dependent: Comparisons with Nvidia’s earlier AI-driven growth phase highlight Sandisk’s data-center potential, but the stock has already gained dramatically, increasing sensitivity to earnings expectations and future supply-demand conditions. Has Sandisk Already Had Its Nvidia Moment?
• Negative Sentiment: Profit-taking is weighing on memory stocks: Investors have been locking in gains after the sector’s sharp rally, causing Sandisk and peers to move lower even after Nvidia’s favorable report. Why Is Sandisk Stock Up on Friday?
• Negative Sentiment: Valuation and policy risks remain concerns: Analysts have flagged the elevated valuation following Sandisk’s extraordinary run, while possible U.S. trade or export-policy changes could create uncertainty for semiconductor suppliers. Mizuho has also lowered its expectations for the stock. Why Memory Stocks Are Sliding

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SNDK. Raymond James Financial reissued an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Citigroup decreased their target price on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Royal Bank Of Canada boosted their price target on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2,900.00 price objective on shares of Sandisk in a research note on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $1,998.14.

Sandisk Stock Performance

Shares of Sandisk stock opened at $1,484.98 on Friday. Sandisk Corporation has a one year low of $50.07 and a one year high of $2,354.39. The company has a market cap of $217.43 billion, a P/E ratio of 20.37, a PEG ratio of 0.15 and a beta of 5.20. The firm has a fifty day moving average of $1,595.87 and a two-hundred day moving average of $1,250.36.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business had revenue of $8.96 billion for the quarter. During the same period in the previous year, the firm earned $0.29 EPS. The firm’s revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts predict that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its Board of Directors has authorized a share buyback program on Wednesday, August 5th that allows the company to buyback $14.00 billion in outstanding shares. This buyback authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the transaction, the insider owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 3,800 shares of company stock valued at $6,504,856. 0.21% of the stock is owned by insiders.

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.