Nomura Asset Management Co. Ltd. Purchases New Shares in Sandisk Corporation $SNDK

Nomura Asset Management Co. Ltd. purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, Holdings Channel.com reports. The firm purchased 9,302 shares of the data storage provider’s stock, valued at approximately $2,208,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new stake in Sandisk during the 4th quarter worth about $26,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the 4th quarter worth about $27,000. Westfuller Advisors LLC raised its holdings in Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Sandisk by 137.9% during the 4th quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 80 shares during the last quarter. Finally, Torren Management LLC bought a new stake in Sandisk during the 4th quarter worth about $37,000.

Sandisk Price Performance

Shares of SNDK stock opened at $1,759.68 on Friday. The stock has a market cap of $260.59 billion, a PE ratio of 61.16 and a beta of 4.87. The stock has a 50-day moving average of $1,157.00 and a 200-day moving average of $689.74. Sandisk Corporation has a one year low of $37.33 and a one year high of $1,861.00.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The company 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 revenue was up 251.0% compared to the same quarter last year. During the same period last year, the company earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts anticipate that Sandisk Corporation will post 63.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SNDK shares. Sanford C. Bernstein boosted their price objective on Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Susquehanna boosted their price objective on Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Melius Research set a $2,350.00 price objective on Sandisk in a report on Monday, May 18th. Morgan Stanley boosted their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Sandisk currently has a consensus rating of “Buy” and a consensus target price of $1,398.27.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts remain broadly bullish on Sandisk, with recent upgrades and higher price targets reinforcing the view that strong AI-driven NAND demand and tight memory supply can keep earnings and valuation elevated. Article
• Positive Sentiment: Multiple reports highlighted Sandisk as a key beneficiary of the AI infrastructure buildout, suggesting the company could continue to see strong pricing power and demand for its storage products. Article
• Positive Sentiment: Commentary this week said Sandisk’s rally may not be over, with bulls arguing that booming AI memory demand and rising prices could support further upside. Article
• Neutral Sentiment: Sandisk EVP Alper Ilkbahar sold 2,000 shares, a large-dollar transaction but a relatively small portion of his holdings, so investors may view it as routine profit-taking rather than a major warning sign. SEC filing
• Negative Sentiment: One notable headwind is that the AI and chip sector cooled after Broadcom’s weaker-than-expected outlook, dragging down Sandisk along with other memory names on concerns the trade had become crowded. Article
• Negative Sentiment: Another report flagged record-high short interest alongside Sandisk’s soaring stock price, which suggests the move has become crowded and could be vulnerable if momentum fades. Article

Insider Activity

In other news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,025 shares of company stock valued at $7,871,897 in the last ninety days. 0.21% of the stock is owned by insiders.

Sandisk 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.