Sandisk Corporation $SNDK Stock Holdings Raised by JW Asset Management LLC

Key Points

• JW Asset Management increased its Sandisk position by 20.2% in the second quarter to 7,810 shares valued at $17.76 million, making Sandisk 5.6% of its portfolio and its second-largest holding. Several other institutional investors also raised or initiated positions.
• Sandisk reported quarterly EPS of $39.25, exceeding 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-buyback program, covering up to 6.6% of outstanding shares.
• Analysts maintain a broadly bullish outlook, with a consensus “Buy” rating and $1,998.14 price target, but the stock’s sharp rally and high valuation create downside risk if AI-related demand, NAND pricing, or supply conditions weaken.

JW Asset Management LLC raised its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 20.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,810 shares of the data storage provider's stock after purchasing an additional 1,310 shares during the period. Sandisk accounts for 5.6% of JW Asset Management LLC's investment portfolio, making the stock its 2nd biggest position. JW Asset Management LLC's holdings in Sandisk were worth $17,758,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Handelsbanken Fonder AB raised its holdings in shares of Sandisk by 35.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider's stock valued at $130,885,000 after buying an additional 14,964 shares in the last quarter. Allworth Financial LP lifted its position in Sandisk by 84.2% in the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider's stock valued at $1,073,000 after purchasing an additional 2,067 shares during the last quarter. Tredje AP fonden bought a new stake in Sandisk in the 4th quarter worth $7,821,000. ProShare Advisors LLC raised its position in Sandisk by 1,301.5% during the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider's stock valued at $7,985,000 after purchasing an additional 31,237 shares during the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in Sandisk in the fourth quarter worth $422,000.

Sandisk Trading Down 0.1%

NASDAQ:SNDK traded down $2.01 during trading hours on Tuesday, reaching $1,737.99. The company had a trading volume of 11,124,220 shares, compared to its average volume of 16,128,618. The firm has a market cap of $254.48 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 0.17 and a beta of 5.17. The firm's 50 day moving average price is $1,537.12 and its 200-day moving average price is $1,297.85. Sandisk Corporation has a 52 week low of $69.57 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion for the quarter. During the same period in the previous year, the business posted $0.29 EPS. The business's quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

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

Insider Activity

In other Sandisk news, insider Bernard Shek sold 600 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total value of $915,360.00. Following the completion of the transaction, the insider directly owned 29,884 shares in the company, valued at $45,591,030.40. This represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,800 shares of company stock worth $2,865,456 in the last three months. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SNDK shares. JPMorgan Chase & Co. assumed coverage on Sandisk in a research note on Friday, August 14th. They issued an "overweight" rating and a $2,250.00 target price for the company. Susquehanna decreased their price objective on Sandisk from $3,250.00 to $3,050.00 and set a "positive" rating for the company in a report on Thursday, July 23rd. Melius Research set a $2,350.00 price objective on Sandisk in a research report on Monday, May 18th. Mizuho dropped their target price on shares of Sandisk from $1,900.00 to $1,875.00 and set an "outperform" rating on the stock in a report on Tuesday, August 25th. Finally, UBS Group reaffirmed an "overweight" rating and issued a $1,750.00 target price on shares of Sandisk in a research report on Friday, August 14th. Three investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $1,998.14.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion may support additional demand. Sandisk will join the S&P 100 before trading opens on September 21, potentially prompting purchases by index-tracking funds and increasing the stock’s visibility among institutional investors. Sandisk Soars Nearly 12% Before Joining the S&P 100
• Positive Sentiment: AI-related memory demand remains the primary catalyst. Tight NAND supply and rising data-center investment are supporting pricing and demand expectations across memory-chip makers, helping drive Sandisk’s gains and making it a leading performer in leveraged technology ETFs. Why Are SanDisk, Micron, and SK Hynix Stocks Rising?
• Positive Sentiment: Cash-flow and contract arguments are attracting bullish investors. Analysts highlight Sandisk’s projected fiscal 2027 free cash flow, debt-free balance sheet, and approximately $93.9 billion in long-term agreements as evidence that its business may be becoming less dependent on short-term NAND pricing cycles. Sandisk: Don't Overcomplicate The Simple, Free Cash Flow Is What Matters
• Neutral Sentiment: The rally’s durability is disputed. Sandisk has risen more than 500% this year and over 40% in the past month, leaving Wall Street forecasts and quantitative models at odds over whether earnings growth can justify the current valuation. SanDisk Stock Has Soared More Than 500% in 2026
• Negative Sentiment: Investors face elevated downside risk. Commentary warns that the stock may have peaked and that NAND remains a cyclical industry. A reversal in AI spending, memory pricing, or supply-demand conditions could expose Sandisk’s very high valuation and volatility. Sandisk Has Peaked

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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