JW Asset Management LLC Increases Stock Holdings in Sandisk Corporation $SNDK

JW Asset Management LLC grew its stake in Sandisk Corporation (NASDAQ:SNDK) by 20.2% during the second quarter, Holdings Channel.com reports. The fund owned 7,810 shares of the data storage provider’s stock after purchasing an additional 1,310 shares during the quarter. Sandisk makes up 5.6% of JW Asset Management LLC’s investment portfolio, making the stock its 2nd biggest position. JW Asset Management LLC’s holdings in Sandisk were worth $17,758,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. bought a new position in Sandisk during the 1st quarter worth about $25,000. Greenline Wealth Management LLC purchased a new stake in shares of Sandisk in the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. bought a new position in shares of Sandisk during the first quarter valued at approximately $29,000. Dunhill Financial LLC purchased a new position in Sandisk during the second quarter valued at approximately $30,000. Finally, Parallel Advisors LLC purchased a new stake in Sandisk during the third quarter worth $30,000.

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the completion of the sale, the insider owned 29,884 shares of the company’s stock, valued at $45,591,030.40. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,800 shares of company stock worth $2,865,456. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Bank of America raised their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Morgan Stanley upped their target price on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Sandisk in a report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Sandisk presently has an average rating of “Buy” and an average target price of $1,998.14.

Sandisk Stock Performance

Shares of SNDK stock traded down $2.01 on Tuesday, reaching $1,737.99. 11,124,220 shares of the company were exchanged, compared to its average volume of 16,128,618. The company has a market cap of $254.48 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 0.17 and a beta of 5.17. Sandisk Corporation has a 1 year low of $69.57 and a 1 year high of $2,354.39. The business has a 50-day moving average price of $1,537.12 and a 200 day moving average price of $1,297.85.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company had revenue of $8.96 billion during the quarter. During the same quarter last year, the firm posted $0.29 earnings per share. Sandisk’s quarterly 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 anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its board has initiated a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This repurchase authorization authorizes the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion may support additional demand. Sandisk will join the S&P 100 before trading opens on September 21, potentially prompting purchases by index-tracking funds and increasing the stock’s visibility among institutional investors. Sandisk Soars Nearly 12% Before Joining the S&P 100
• Positive Sentiment: AI-related memory demand remains the primary catalyst. Tight NAND supply and rising data-center investment are supporting pricing and demand expectations across memory-chip makers, helping drive Sandisk’s gains and making it a leading performer in leveraged technology ETFs. Why Are SanDisk, Micron, and SK Hynix Stocks Rising?
• Positive Sentiment: Cash-flow and contract arguments are attracting bullish investors. Analysts highlight Sandisk’s projected fiscal 2027 free cash flow, debt-free balance sheet, and approximately $93.9 billion in long-term agreements as evidence that its business may be becoming less dependent on short-term NAND pricing cycles. Sandisk: Don’t Overcomplicate The Simple, Free Cash Flow Is What Matters
• Neutral Sentiment: The rally’s durability is disputed. Sandisk has risen more than 500% this year and over 40% in the past month, leaving Wall Street forecasts and quantitative models at odds over whether earnings growth can justify the current valuation. SanDisk Stock Has Soared More Than 500% in 2026
• Negative Sentiment: Investors face elevated downside risk. Commentary warns that the stock may have peaked and that NAND remains a cyclical industry. A reversal in AI spending, memory pricing, or supply-demand conditions could expose Sandisk’s very high valuation and volatility. Sandisk Has Peaked

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.