Janus Henderson Group PLC Increases Position in Sandisk Corporation $SNDK

Janus Henderson Group PLC grew its holdings in Sandisk Corporation (NASDAQ:SNDK) by 18.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 217,521 shares of the data storage provider’s stock after buying an additional 34,285 shares during the period. Janus Henderson Group PLC’s holdings in Sandisk were worth $138,174,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Osaic Holdings Inc. purchased a new position in shares of Sandisk during the second quarter worth about $317,000. Merit Financial Group LLC purchased a new stake in Sandisk during the 3rd quarter valued at approximately $408,000. Dimensional Fund Advisors LP acquired a new stake in Sandisk during the 3rd quarter worth approximately $100,080,000. First Trust Advisors LP acquired a new stake in Sandisk during the 3rd quarter worth approximately $9,788,000. Finally, Blair William & Co. IL acquired a new stake in Sandisk during the 3rd quarter worth approximately $591,000.

Sandisk Trading Down 5.1%

NASDAQ SNDK opened at $1,214.83 on Friday. The business’s 50 day moving average is $1,729.14 and its two-hundred day moving average is $1,116.58. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39. The stock has a market capitalization of $179.90 billion, a price-to-earnings ratio of 42.23 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The business 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 business’s quarterly revenue was up 251.0% on a year-over-year basis. During the same period last year, the company posted ($0.30) earnings per share. Equities analysts forecast that Sandisk Corporation will post 64.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the transaction, the insider owned 31,515 shares of the company’s stock, valued at $65,803,320. This represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. The trade was a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 6,225 shares of company stock worth $10,166,297. Insiders own 0.21% of the company’s stock.

Key Sandisk News

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?

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SNDK. Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $1,470.00 price target on shares of Sandisk in a report on Friday, May 1st. Wells Fargo & Company boosted their price objective on shares of Sandisk from $1,250.00 to $1,620.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Finally, Argus assumed coverage on shares of Sandisk in a research report on Wednesday, July 15th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and an average target price of $1,811.38.

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.