Sandisk Corporation $SNDK Shares Acquired by Janus Henderson Group PLC

Key Points

• Janus Henderson increased its Sandisk position by 18.7% in the first quarter, acquiring 34,285 additional shares for a total holding of 217,521 shares valued at approximately $138.2 million.
• Sandisk reported a strong latest quarter, with EPS of $23.41 beating estimates of $14.17 and revenue rising 251% year over year to $5.95 billion. Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $1,811.38.
• The outlook is mixed: AI infrastructure spending and persistent memory demand could support growth, but Chinese competition, high valuation, volatile trading and recent insider selling pose risks ahead of the August 5 earnings release.

Janus Henderson Group PLC lifted its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,521 shares of the data storage provider's stock after purchasing an additional 34,285 shares during the period. Janus Henderson Group PLC owned about 0.15% of Sandisk worth $138,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GHP Investment Advisors Inc. increased its holdings in Sandisk by 12.0% in the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider's stock valued at $77,000 after buying an additional 13 shares during the last quarter. Blair William & Co. IL raised its stake in Sandisk by 0.3% in the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider's stock valued at $1,255,000 after buying an additional 17 shares in the last quarter. Empirical Finance LLC lifted its holdings in Sandisk by 0.7% during the 1st quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider's stock worth $2,246,000 after buying an additional 24 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Sandisk by 20.2% during the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider's stock worth $52,000 after acquiring an additional 37 shares in the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Sandisk during the 1st quarter worth about $25,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure spending remains a major potential growth driver. Analysts point to more than $750 billion in expected 2026 Big Tech capital expenditures, which could support demand for Sandisk’s enterprise storage and memory products. Buy 5 AI Infrastructure Stocks as Big Tech’s Assure Lasting AI Frenzy
• Positive Sentiment: Microsoft’s roughly $190 billion capital-spending commitment and strong AI-related results helped revive optimism about data-center demand. Samsung also reported a sharp increase in chip profit and expects memory shortages to persist into 2028, supporting the broader industry outlook. Why Memory Stocks Are Roaring Back
• Positive Sentiment: Several bullish analyses argue that AI inference and enterprise storage may structurally improve NAND demand. Sandisk has reportedly exceeded earnings and revenue expectations for five consecutive quarters, while analysts have continued raising estimates. Sandisk’s Biggest Opportunity Yet
• Neutral Sentiment: Options traders expect a significant move around the August 5 earnings release. The event could bring a sharp rebound if results and guidance confirm AI demand, but it also creates elevated downside risk if expectations are missed. SanDisk Q4 Earnings Options Outlook
• Negative Sentiment: Investors remain concerned that Chinese competition could intensify another NAND downturn. Some analysts also warn that the AI boom may moderate before 2029, making Sandisk’s elevated valuation and ambitious price targets vulnerable. Sandisk Stock Slides as Chinese Competition Rattles NAND Outlook
• Negative Sentiment: The rapid reversal in memory stocks and recent forced selling have weakened sentiment, with Sandisk’s technical indicators reaching deeply oversold levels. That may attract bargain hunters, but it also highlights how sharply expectations and momentum have deteriorated. Is the Sandisk Stock Crash Over?

Insider Transactions at Sandisk

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The stock was 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 owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Necip Sayiner sold 579 shares of the business's stock in a transaction that occurred on Friday, May 8th. The shares were 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 position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 6,225 shares of company stock worth $10,166,297. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SNDK has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on Sandisk from $650.00 to $1,000.00 and gave the company a "sector perform" rating in a report on Friday, May 1st. Morgan Stanley upped 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. Evercore set a $3,100.00 price target on shares of Sandisk in a research note on Monday, July 13th. Zacks Research cut shares of Sandisk from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Finally, Weiss Ratings downgraded shares of Sandisk from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,811.38.

Sandisk Stock Performance

SNDK opened at $1,214.83 on Friday. Sandisk Corporation has a one year low of $40.10 and a one year high of $2,354.39. The stock has a market capitalization of $179.90 billion, a P/E ratio of 42.23 and a beta of 4.74. The business's 50-day simple moving average is $1,729.14 and its 200-day simple moving average is $1,116.58.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $14.17 by $9.24. The firm 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 firm's revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period last year, the company earned ($0.30) earnings per share. On average, equities research analysts forecast that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Sandisk 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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