Daiwa Securities Group Inc. Invests $5.26 Million in Sandisk Corporation $SNDK

Key Points

• Daiwa Securities Group Inc. initiated a new position in Sandisk during the fourth quarter, buying 22,140 shares valued at about $5.26 million.
• Several other institutional investors also added to or opened positions in Sandisk, while insiders have been selling shares in recent months, including director Necip Sayiner and CAO Michael Pokorny.
• Sandisk’s stock has surged alongside strong operating results and upbeat analyst sentiment: the company recently beat earnings estimates, raised guidance, and saw multiple price target increases from firms including Bank of America, Mizuho, and Cantor Fitzgerald.

Daiwa Securities Group Inc. purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 22,140 shares of the data storage provider's stock, valued at approximately $5,255,000.

Other institutional investors also recently modified their holdings of the company. Whittier Trust Co. acquired a new position in shares of Sandisk during the 4th quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Sandisk during the 3rd quarter worth $27,000. Chung Wu Investment Group LLC acquired a new position in shares of Sandisk during the 4th quarter worth $27,000. Westfuller Advisors LLC raised its holdings in shares of Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock worth $30,000 after buying an additional 43 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new position in shares of Sandisk during the 3rd quarter worth $30,000.

Insider Buying and Selling

In other news, Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, the director owned 2,900 shares of the company's stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the sale, the chief accounting officer directly owned 22,375 shares of the company's stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 5,625 shares of company stock worth $8,913,497. Corporate insiders own 0.21% of the company's stock.

Sandisk Trading Up 5.3%

Shares of SNDK stock opened at $1,642.00 on Tuesday. The stock has a market cap of $243.16 billion, a price-to-earnings ratio of 57.07 and a beta of 4.88. The stock has a 50-day moving average of $1,195.40 and a 200-day moving average of $708.69. Sandisk Corporation has a 1-year low of $39.44 and a 1-year high of $1,861.00.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly 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. The company had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company's quarterly revenue was up 251.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current year.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,100, pointing to strong NAND demand, tight supply, and improved earnings visibility from new long-term supply deals. SanDisk wins big BofA target upgrade as new supply deals shore up earnings visibility
• Positive Sentiment: Mizuho and other analysts also boosted their targets, reinforcing the view that Sandisk can keep beating expectations as AI/datacenter memory demand stays strong. Sandisk Stock Jumps—Again. Don't Worry About New Memory Supply, Say Analysts.
• Positive Sentiment: Sandisk’s shift to multi-year NAND supply agreements is being viewed as a profitability boost, with more revenue now locked in under firm commitments. SNDK's New Business Model Boosts Profitability: Time to Buy the Stock?
• Neutral Sentiment: Some commentary framed the move as part of a broader memory-stock rebound after Friday’s selloff, suggesting sector sentiment is also helping SNDK. Micron Rockets 8%, Western Digital Surges 7%, SanDisk Pops 6% in Memory-Stock Snap-Back
• Neutral Sentiment: One bearish takeaway argued that a potential SK Hynix listing could pressure Sandisk’s valuation premium, but this appears secondary to today’s bullish analyst actions. SK Hynix's Potential Listing Will Crumble Sandisk's Premium

Analyst Ratings Changes

SNDK has been the subject of a number of recent research reports. Bank of America upped their target price on Sandisk from $1,550.00 to $2,100.00 and gave the stock a "buy" rating in a report on Monday. Wells Fargo & Company upped their target price on Sandisk from $975.00 to $1,250.00 and gave the stock an "equal weight" rating in a report on Friday, May 1st. Arete Research raised Sandisk from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. Mizuho upped their target price on Sandisk from $1,825.00 to $2,200.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Cantor Fitzgerald upped their target price on Sandisk from $1,800.00 to $2,900.00 and gave the stock an "overweight" rating in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,580.67.

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.

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