Northwestern Mutual Wealth Management Co. Grows Position in Sandisk Corporation $SNDK

Northwestern Mutual Wealth Management Co. boosted its stake in Sandisk Corporation (NASDAQ:SNDK) by 3,836.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,102 shares of the data storage provider’s stock after acquiring an additional 10,820 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Sandisk were worth $2,635,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. purchased a new stake in shares of Sandisk during the 4th quarter valued at $26,000. Chung Wu Investment Group LLC purchased a new stake in shares of Sandisk during the 4th quarter valued at $27,000. Westfuller Advisors LLC grew its stake 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 valued at $30,000 after buying an additional 43 shares during the period. Torren Management LLC purchased a new stake in shares of Sandisk during the 4th quarter valued at $37,000. Finally, Assetmark Inc. grew its stake in shares of Sandisk by 71.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock valued at $42,000 after buying an additional 73 shares during the period.

Insiders Place Their Bets

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the transaction, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,525 shares of company stock worth $6,555,092 in the last quarter. 0.21% of the stock is owned by corporate insiders.

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,478.69 on Tuesday. Sandisk Corporation has a twelve month low of $35.79 and a twelve month high of $1,600.00. The firm has a market capitalization of $218.98 billion, a price-to-earnings ratio of 51.40 and a beta of 4.82. The firm’s fifty day simple moving average is $999.79 and its 200 day simple moving average is $608.04.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion for the quarter. During the same quarter in the prior year, the firm earned ($0.30) EPS. The business’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current year.

Analysts Set New Price Targets

SNDK has been the subject of several research reports. Melius Research set a $2,350.00 price objective on shares of Sandisk in a research note on Monday, May 18th. Mizuho set a $1,220.00 price objective on shares of Sandisk in a research note on Friday, May 1st. The Goldman Sachs Group reissued a “buy” rating and set a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Cantor Fitzgerald boosted their price objective on shares of Sandisk from $1,400.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Evercore reissued an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,157.14.

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.