SBI Securities Co. Ltd. Sells 2,614 Shares of Sandisk Corporation $SNDK

SBI Securities Co. Ltd. cut its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,172 shares of the data storage provider’s stock after selling 2,614 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Sandisk were worth $19,438,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Valley Wealth Managers Inc. bought a new position in shares of Sandisk in the 1st quarter valued at about $25,000. Atomic Invest LLC acquired a new stake in shares of Sandisk in the second quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Sandisk in the first quarter valued at about $29,000. Dunhill Financial LLC acquired a new stake in shares of Sandisk in the second quarter valued at about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Sandisk in the second quarter valued at about $32,000.

Insider Activity

In related news, CEO David Goeckeler sold 33,841 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares in the company, valued at approximately $602,709,911.65. This trade represents a 8.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 shares were 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 owned 130,976 shares of the company’s stock, valued at $205,479,078.08. This trade 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. Insiders sold a total of 77,899 shares of company stock valued at $121,159,122 in the last 90 days. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SNDK has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and set a $2,000.00 target price on shares of Sandisk in a report on Friday, August 14th. Weiss Ratings cut Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 14th. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. Wells Fargo & Company boosted their price target on Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Finally, Evercore reaffirmed an “outperform” rating and set a $3,100.00 price target (up from $1,400.00) on shares of Sandisk in a research report on Thursday, August 13th. Three investment 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 company’s stock. Based on data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average target price of $2,120.65.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong NAND and AI-storage fundamentals: Analysts and bullish commentators argue that AI data-center construction is driving NAND demand beyond supply. Enterprise SSD growth, firm NAND pricing, and potential shortages through 2028 could support Sandisk’s revenue and margins. Sandisk: Strong Buy Despite China and AI Spending Fears
• Positive Sentiment: Analyst support remains strong: Mizuho analyst Lloyd Walmsley maintained a Buy rating and a $2,050 price target, citing firm NAND pricing and upside from enterprise solid-state drives. Analyst Lloyd Walmsley Initiates Buy on SanDisk
• Positive Sentiment: Earnings could provide a catalyst: Several previews expect Sandisk to benefit from favorable NAND market conditions when it reports on October 29. The stock’s earlier surge followed its return as an independent company in February 2025, reflecting strong investor enthusiasm for the memory cycle. Prediction: Sandisk Stock Will Soar After Oct. 29
• Neutral Sentiment: Sector-wide volatility is elevated: Sandisk has gained dramatically since its separation from Western Digital, but the memory market remains highly cyclical. Its substantial prior appreciation and high volatility leave the stock vulnerable to profit-taking and sharp moves around earnings. Up 3,700%, Should You Buy Sandisk Right Now?
• Negative Sentiment: AI spending concerns are driving the selloff: Investors are questioning whether rising AI infrastructure costs will slow hyperscaler capital expenditures, reducing future demand for memory and storage chips. Sandisk declined alongside Micron, SK Hynix, and other semiconductor stocks as the broader memory-sector liquidation intensified. SanDisk Stock Drops as AI Cost Worries Mount
• Negative Sentiment: Near-term uncertainty is concentrated around earnings: The market is weighing whether strong NAND pricing and AI-related demand can overcome concerns about slowing chip demand, Chinese competition, and the sustainability of elevated valuations.

Sandisk Price Performance

Shares of SNDK stock opened at $1,260.93 on Friday. The stock has a market cap of $182.24 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.14 and a beta of 5.23. The company has a fifty day moving average price of $1,603.49 and a two-hundred day moving average price of $1,522.08. Sandisk Corporation has a one year low of $146.00 and a one year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business’s revenue was up 371.6% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities research analysts anticipate that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk announced that its board has initiated a share buyback plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Share repurchase plans are typically an indication that the company’s board believes its stock is 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.