Northwestern Mutual Wealth Management Co. Has $32.41 Million Stock Holdings in Sandisk Corporation $SNDK

Northwestern Mutual Wealth Management Co. grew its stake in shares of Sandisk Corporation (NASDAQ:SNDK) by 19.8% in the second quarter, HoldingsChannel.com reports. The fund owned 14,253 shares of the data storage provider’s stock after acquiring an additional 2,359 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Sandisk were worth $32,407,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Sandisk in the second quarter valued at about $23,408,732,000. State Street Corp grew its stake in Sandisk by 20.7% during the fourth quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock worth $1,253,728,000 after buying an additional 904,933 shares in the last quarter. Geode Capital Management LLC grew its stake in Sandisk by 44.9% during the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after buying an additional 1,133,276 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Sandisk by 31.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock valued at $825,608,000 after buying an additional 828,332 shares during the period. Finally, Morgan Stanley increased its holdings in Sandisk by 7.2% in the 4th quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock valued at $705,105,000 after buying an additional 199,545 shares during the period.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,536.87 on Wednesday. Sandisk Corporation has a one year low of $50.07 and a one year high of $2,354.39. The company has a market cap of $225.03 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 0.16 and a beta of 5.17. The firm has a 50 day simple moving average of $1,573.20 and a 200 day simple moving average of $1,268.88.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The business had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’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 expect that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its board has authorized a share 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 purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the sale, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The transaction 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. Insiders own 0.21% of the company’s stock.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk was added to the Zacks Rank #1 (Strong Buy) list, reinforcing the bullish analyst backdrop. New Strong Buy Stocks for September 1st
• Positive Sentiment: A Seeking Alpha upgrade to Strong Buy cited 371.6% year-over-year revenue growth, major margin expansion, earnings outperformance and strong AI and cloud-infrastructure demand. New long-term contracts and business models could also reduce the company’s historical cyclicality. Sandisk: Dirt Cheap For No Good Reason
• Positive Sentiment: Sandisk reportedly backs a $31 billion Japan flash-memory expansion through 2032, signaling confidence in long-term demand and capacity needs. Sandisk Backs $31 Billion Japan Flash Memory Expansion
• Neutral Sentiment: Comparisons with ARM highlight Sandisk’s much larger revenue base and sharply faster recent growth, but commentary also cautions that memory stocks remain highly cyclical. ARM vs. Sandisk
• Negative Sentiment: Fresh reports that China’s CXMT has made progress developing AI memory chips revived concerns about future competition and pricing pressure for Sandisk and other memory manufacturers. Micron, SanDisk Stocks Slip as China Risk Emerges
• Negative Sentiment: Chip-tariff uncertainty, rising bond yields and broader risk reduction are weighing on high-beta AI and semiconductor shares. The pullback also followed a strong prior session, encouraging profit-taking. What Is Going on With SanDisk Stock on Tuesday?

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SNDK shares. Susquehanna cut their price target on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a report on Thursday, July 23rd. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Jefferies Financial Group restated a “buy” rating on shares of Sandisk in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada raised their target price on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Sandisk currently has an average rating of “Buy” and an average target price of $1,998.14.

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.