Northwestern Mutual Wealth Management Co. Has $32.41 Million Holdings in Sandisk Corporation $SNDK

Key Points

• Northwestern Mutual Wealth Management increased its Sandisk stake by 19.8% in the second quarter, bringing its holdings to 14,253 shares valued at approximately $32.41 million. Several other institutional investors also initiated positions.
• Sandisk reported strong quarterly results, with $39.25 EPS versus $33.28 expected and revenue of $8.96 billion, up 371.6% year over year. The company also authorized a $14 billion share-repurchase program covering up to 6.6% of outstanding shares.
• Analyst sentiment remains bullish, with a consensus “Buy” rating and an average price target of $1,998.14, though memory-market cyclicality, potential Chinese competition and tariff-related uncertainty remain risks.

Northwestern Mutual Wealth Management Co. increased its stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 19.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,253 shares of the data storage provider's stock after buying an additional 2,359 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Sandisk were worth $32,407,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Dunhill Financial LLC acquired a new stake in shares of Sandisk in the 2nd quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Sandisk during the 2nd quarter worth about $32,000. Kilter Group LLC bought a new position in Sandisk during the 2nd quarter valued at about $32,000. KERR FINANCIAL PLANNING Corp bought a new position in Sandisk during the 2nd quarter valued at about $34,000. Finally, Ramsey Quantitative Systems acquired a new position in Sandisk in the second quarter valued at about $50,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk was added to the Zacks Rank #1 (Strong Buy) list, reinforcing the bullish analyst backdrop. New Strong Buy Stocks for September 1st
• Positive Sentiment: A Seeking Alpha upgrade to Strong Buy cited 371.6% year-over-year revenue growth, major margin expansion, earnings outperformance and strong AI and cloud-infrastructure demand. New long-term contracts and business models could also reduce the company’s historical cyclicality. Sandisk: Dirt Cheap For No Good Reason
• Positive Sentiment: Sandisk reportedly backs a $31 billion Japan flash-memory expansion through 2032, signaling confidence in long-term demand and capacity needs. Sandisk Backs $31 Billion Japan Flash Memory Expansion
• Neutral Sentiment: Comparisons with ARM highlight Sandisk’s much larger revenue base and sharply faster recent growth, but commentary also cautions that memory stocks remain highly cyclical. ARM vs. Sandisk
• Negative Sentiment: Fresh reports that China’s CXMT has made progress developing AI memory chips revived concerns about future competition and pricing pressure for Sandisk and other memory manufacturers. Micron, SanDisk Stocks Slip as China Risk Emerges
• Negative Sentiment: Chip-tariff uncertainty, rising bond yields and broader risk reduction are weighing on high-beta AI and semiconductor shares. The pullback also followed a strong prior session, encouraging profit-taking. What Is Going on With SanDisk Stock on Tuesday?

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,536.87 on Wednesday. The company has a market cap of $225.03 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 0.16 and a beta of 5.17. The stock's fifty day moving average price is $1,573.20 and its two-hundred day moving average price is $1,268.88. Sandisk Corporation has a 52-week low of $50.07 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last released 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 company had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company's revenue was up 371.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities analysts predict that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SNDK. JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research note on Friday, August 14th. They set an "overweight" rating and a $2,250.00 price objective on the stock. Evercore reissued an "outperform" rating on shares of Sandisk in a report on Thursday, August 13th. Wedbush reissued an "outperform" rating and issued a $2,000.00 target price on shares of Sandisk in a report on Friday, August 14th. Morgan Stanley raised their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a report on Wednesday, June 3rd. Finally, Mizuho cut their price objective on Sandisk from $1,900.00 to $1,875.00 and set an "outperform" rating for the company in a research report on Tuesday, August 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Sandisk presently has a consensus rating of "Buy" and an average price target of $1,998.14.

Insider Activity

In other news, insider Bernard Shek sold 600 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the sale, the insider owned 30,915 shares of the company's stock, valued at $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company's stock.

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.

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