Sandisk Corporation $SNDK Stock: Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 160.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,039 shares of the data storage provider’s stock after acquiring an additional 18,517 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Sandisk were worth $52,265,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SNDK. CWA Asset Management Group LLC raised its stake in shares of Sandisk by 418.6% during the third quarter. CWA Asset Management Group LLC now owns 3,537 shares of the data storage provider’s stock valued at $6,155,000 after acquiring an additional 2,855 shares during the last quarter. Warwick Investment Management Inc. grew its stake in shares of Sandisk by 10.2% in the third quarter. Warwick Investment Management Inc. now owns 119 shares of the data storage provider’s stock worth $207,000 after purchasing an additional 11 shares during the last quarter. Tanager Wealth Management LLP increased its holdings in Sandisk by 12.4% in the third quarter. Tanager Wealth Management LLP now owns 163 shares of the data storage provider’s stock valued at $284,000 after purchasing an additional 18 shares during the period. Fairvoy Private Wealth LLC acquired a new stake in Sandisk in the third quarter valued at $228,000. Finally, Kercheville Advisors LLC increased its holdings in Sandisk by 301.0% in the third quarter. Kercheville Advisors LLC now owns 1,965 shares of the data storage provider’s stock valued at $3,419,000 after purchasing an additional 1,475 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Bank of America lifted their target price on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Wells Fargo & Company increased their price target on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Royal Bank Of Canada increased their price target on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Rosenblatt Securities started coverage on Sandisk in a research report on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 price objective for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of Sandisk in a research note on Thursday, October 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and an average price target of $2,120.65.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk shares rebounded alongside other semiconductor stocks as investors bought technology stocks following the prior week’s steep sell-off. Oversold technical conditions, upward earnings-estimate revisions and a Zacks upgrade to Strong Buy supported the recovery. SanDisk upgraded to Strong Buy
• Positive Sentiment: Investors also responded favorably to reports that major industry participants will adopt Nvidia’s NVHBM technology, potentially standardizing high-bandwidth-memory connections and supporting long-term AI infrastructure demand. Why SanDisk stock rose
• Neutral Sentiment: Recent commentary highlights SanDisk’s strong cash generation and apparently low forward valuation, but warns that the valuation depends on unusually strong memory economics continuing. The company’s recent profit surge was driven substantially by higher prices, making future earnings sensitive to any deterioration in pricing. SanDisk cash generation and valuation
• Negative Sentiment: The latest decline follows renewed concern about China’s CXMT reportedly achieving a memory-chip technology breakthrough. Traders fear increased Chinese supply could trigger a price war, particularly damaging SanDisk because its earnings growth has benefited from higher memory prices. Why AI memory stocks are falling
• Negative Sentiment: More broadly, investors are reassessing aggressive AI-stock valuations and spending expectations after last week’s semiconductor rout. SanDisk’s exceptionally high volatility and recent gains leave it particularly exposed to profit-taking and changes in sentiment.

Sandisk Stock Up 5.5%

SNDK opened at $1,371.12 on Tuesday. Sandisk Corporation has a twelve month low of $142.76 and a twelve month high of $2,354.39. The company has a fifty day moving average of $1,606.27 and a 200-day moving average of $1,508.64. The stock has a market cap of $198.17 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 0.13 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The business had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. Sandisk’s quarterly revenue was up 371.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts anticipate that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has authorized a share buyback program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Sandisk news, CEO David Goeckeler sold 33,841 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares in the company, valued at approximately $602,709,911.65. This trade represents a 8.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of Sandisk stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the transaction, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 77,899 shares of company stock valued at $121,159,122. 0.29% of the stock is currently owned by insiders.

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.