Sandisk Corporation $SNDK Position Lifted by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its Sandisk stake by 558.3% in the third quarter, adding 54,580 shares for a total position of 64,356 shares valued at approximately $112 million. Other institutional investors also initiated new positions.
• Analyst sentiment remains positive: Sandisk has a consensus “Moderate Buy” rating and an average price target of $2,093.73, supported by expected AI-driven demand, higher NAND pricing and data-center growth.
• Sandisk reported quarterly EPS of $39.25, well above the $33.28 consensus estimate, while revenue surged 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share-repurchase program, though insiders sold roughly $121.2 million of stock over the past three months.

Asset Management One Co. Ltd. boosted its stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 558.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,356 shares of the data storage provider's stock after purchasing an additional 54,580 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Sandisk were worth $111,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Atomic Invest LLC bought a new position in shares of Sandisk during the 2nd quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in shares of Sandisk in the 2nd quarter worth approximately $30,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Sandisk in the 2nd quarter worth approximately $32,000. Kilter Group LLC bought a new stake in shares of Sandisk in the 2nd quarter worth approximately $32,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Sandisk in the 2nd quarter valued at $34,000.

Insiders Place Their Bets

In other Sandisk news, insider Bernard Shek sold 600 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the completion of the transaction, the insider directly owned 25,588 shares in the company, valued at approximately $44,393,644.72. This represents a 2.29% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the sale, the chief financial officer directly owned 130,976 shares of the company's stock, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 77,899 shares of company stock worth $121,159,122. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup reaffirmed a "buy" rating on shares of Sandisk in a report on Thursday, October 1st. Wedbush reiterated an "outperform" rating and issued a $2,000.00 target price on shares of Sandisk in a research report on Friday, August 14th. Evercore reiterated an "outperform" rating and issued a $3,100.00 target price (up from $1,400.00) on shares of Sandisk in a research report on Thursday, August 13th. The Goldman Sachs Group reissued a "buy" rating and issued a $2,200.00 price target (up from $1,200.00) on shares of Sandisk in a research note on Thursday, August 13th. Finally, China Renaissance upped their price target on shares of Sandisk from $2,000.00 to $2,250.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,093.73.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong earnings expectations: Analysts expect revenue growth supported by artificial-intelligence infrastructure demand, higher NAND pricing and expanding data-center sales. Management’s prior guidance called for approximately 18% sequential revenue growth at the midpoint, while the company’s Q1 EPS outlook is $44–$46. Pre-Q1 Earnings: Is Sandisk Stock a Portfolio Must-Have?
• Positive Sentiment: Analyst support remains favorable: Wedbush rated SNDK a buy ahead of the report, and Cantor Fitzgerald maintained an overweight rating despite reducing its price target from $2,900 to $2,200. Bullish analysts point to long-term hyperscaler agreements and margin protections that could improve earnings visibility through 2029–2030. SanDisk Stock Is a Buy, Says Wedbush
• Positive Sentiment: Memory-sector momentum: A Bank of America note reportedly said customers are locking in memory supply for multiple years, helping lift memory and storage stocks. This reinforces the view that tight supply and AI-related demand could support pricing. Bank of America Grows More Positive on Memory

Sandisk Stock Performance

NASDAQ SNDK opened at $1,304.84 on Wednesday. Sandisk Corporation has a fifty-two week low of $164.56 and a fifty-two week high of $2,354.39. The stock has a 50 day simple moving average of $1,576.10 and a two-hundred day simple moving average of $1,236.92. The stock has a market cap of $188.59 billion, a P/E ratio of 17.90 and a beta of 5.23.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion for the quarter. The business's revenue for the quarter was up 371.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts predict that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 5th that authorizes the company to buy back $14 billion in outstanding shares. This buyback authorization authorizes the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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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