TD Waterhouse Canada Inc. Grows Stock Holdings in Sandisk Corporation $SNDK

TD Waterhouse Canada Inc. raised its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 22,532 shares of the data storage provider’s stock after buying an additional 449 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Sandisk were worth $51,232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SNDK. Dunhill Financial LLC bought a new stake in shares of Sandisk in the 2nd quarter worth about $30,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Sandisk in the second quarter worth about $32,000. Kilter Group LLC purchased a new position in Sandisk in the second quarter worth about $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in Sandisk during the second quarter worth approximately $34,000. Finally, Triumph Capital Management lifted its stake in shares of Sandisk by 220.0% in the 2nd quarter. Triumph Capital Management now owns 16 shares of the data storage provider’s stock valued at $36,000 after purchasing an additional 11 shares during the last quarter.

Wall Street Analyst Weigh In

SNDK has been the topic of several analyst reports. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Evercore reiterated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 13th. Mizuho reduced their target price on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 25th. Bank of America raised their target price on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Argus raised shares of Sandisk from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Sandisk has an average rating of “Buy” and a consensus target price of $1,998.14.

Insider Transactions at Sandisk

In related news, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total value of $915,360.00. Following the completion of the sale, the insider owned 29,884 shares of the company’s stock, valued at approximately $45,591,030.40. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,800 shares of company stock worth $2,865,456. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Stock Performance

Sandisk stock opened at $1,554.99 on Friday. The company has a market cap of $227.68 billion, a PE ratio of 21.33, a PEG ratio of 0.15 and a beta of 5.17. Sandisk Corporation has a fifty-two week low of $55.55 and a fifty-two week high of $2,354.39. The business’s 50-day simple moving average is $1,550.34 and its two-hundred day simple moving average is $1,281.92.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion for the quarter. During the same period last year, the business earned $0.29 earnings per share. The firm’s revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts predict that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 5th that allows the company to buyback $14.00 billion in outstanding shares. This buyback authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Upward earnings revisions support the shares. Zacks reiterated a Rank #1 (Strong Buy) for SNDK, citing a strengthening earnings outlook. The view follows Sandisk’s recent earnings beat, 371.6% year-over-year revenue growth and strong fiscal 2027 guidance. Bullish EPS Revisions Back IBKR, SNDK, and ROKU
• Positive Sentiment: AI data-center demand remains a major bullish driver. Analysts continue to identify Sandisk as a way to participate in rising demand for enterprise storage, NAND flash and other memory infrastructure supporting AI workloads. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
• Positive Sentiment: Management’s scheduled presentations at the Citi Global TMT Conference and Goldman Sachs Communacopia + Technology Conference could provide fresh commentary on demand, pricing and the company’s outlook. Sandisk Announces Participation in Investor Conferences
• Neutral Sentiment: Recent commentary presents a wide range of expectations, including bullish price targets and comparisons highlighting Sandisk’s rapid revenue expansion. However, the stock’s elevated valuation and high volatility leave it sensitive to changes in the memory cycle and investor sentiment. SanDisk SNDK Stock Prediction
• Negative Sentiment: Growing Chinese competition is the key downside risk. Chinese memory manufacturers are gaining DRAM and NAND market share, raising concerns about future pricing pressure, reduced share and lower margins for Sandisk. Micron, SanDisk Lag Tech Rally as China Grabs Memory Market Share
• Negative Sentiment: Insider Bernard Shek sold approximately $915,360 of SNDK under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by about 2%, limiting its significance but adding a modest sentiment headwind. Insider Selling: Sandisk Insider Sells Stock

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.