Resona Asset Management Co. Ltd. Makes New $429,000 Investment in Sandisk Corporation $SNDK

Resona Asset Management Co. Ltd. bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,756 shares of the data storage provider’s stock, valued at approximately $429,000.

Several other large investors have also recently made changes to their positions in the business. Whittier Trust Co. purchased a new stake in shares of Sandisk in the 4th quarter worth approximately $26,000. Chung Wu Investment Group LLC purchased a new position in Sandisk during the fourth quarter valued at $27,000. Westfuller Advisors LLC raised its stake in Sandisk by 51.8% during the fourth 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 last quarter. TD Private Client Wealth LLC boosted its holdings in Sandisk by 137.9% in the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Finally, Torren Management LLC bought a new stake in Sandisk in the fourth quarter worth $37,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Hedge fund billionaire David Tepper reportedly bought 281,250 shares of Sandisk, adding to bullish investor sentiment and reinforcing the idea that large investors still see upside after the stock’s huge run. Article Title
• Positive Sentiment: Several recent pieces argue that Sandisk is benefiting from AI-driven NAND demand, enterprise SSD growth, and an improved long-term earnings outlook, with some analysts calling the stock undervalued despite the sharp rally. Article Title
• Positive Sentiment: SanDisk also got a boost from sector momentum as memory stocks rebounded, with traders pointing to AI-related demand and tighter supply conditions among rivals as reasons for the renewed interest. Article Title
• Neutral Sentiment: Some market commentary now frames Sandisk as a “hold” after its explosive year-to-date surge, suggesting the business outlook is strong but the valuation has become much less attractive for new buyers. Article Title
• Negative Sentiment: Jim Cramer’s cautious comments that investors should “let it come down more” may temper enthusiasm, especially after the stock’s massive rally and elevated valuation. Article Title

Analyst Ratings Changes

Several brokerages have recently weighed in on SNDK. Weiss Ratings upgraded Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. KGI Securities began coverage on shares of Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price objective on the stock. Sanford C. Bernstein raised their price objective on shares of Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Citigroup lifted their target price on shares of Sandisk from $1,300.00 to $2,025.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,157.14.

Insiders Place Their Bets

In other news, Director Necip Sayiner sold 579 shares of the 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 transaction, the director owned 2,900 shares in the company, valued at $4,359,019. This represents a 16.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael Pokorny sold 2,446 shares of the firm’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 transaction of $3,488,436.28. Following the completion of the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $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 three months, insiders have sold 6,525 shares of company stock valued at $6,555,092. Insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

Shares of SNDK opened at $1,478.69 on Monday. The firm has a fifty day simple moving average of $982.59 and a two-hundred day simple moving average of $599.00. The firm has a market cap of $218.98 billion, a PE ratio of 51.40 and a beta of 4.82. Sandisk Corporation has a 1-year low of $35.79 and a 1-year high of $1,600.00.

Sandisk (NASDAQ:SNDK) last released its quarterly 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. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion for the quarter. During the same quarter last year, the business earned ($0.30) earnings per share. The business’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts forecast that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

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.