Northwestern Mutual Wealth Management Co. Takes Position in Sandisk Corporation $SNDK

Northwestern Mutual Wealth Management Co. purchased a new position in Sandisk Corporation (NASDAQ:SNDK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,253 shares of the data storage provider’s stock, valued at approximately $32,407,000.

A number of other large investors also recently modified their holdings of the company. Valley Wealth Managers Inc. bought a new stake in Sandisk during the 1st quarter worth approximately $25,000. Greenline Wealth Management LLC purchased a new stake in Sandisk in the 4th quarter worth approximately $26,000. Chung Wu Investment Group LLC bought a new position in Sandisk in the 4th quarter valued at $27,000. IMG Wealth Management Inc. bought a new position in Sandisk in the 1st quarter valued at $29,000. Finally, Dunhill Financial LLC purchased a new position in shares of Sandisk during the 2nd quarter valued at $30,000.

Insider Transactions at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the firm’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 owned 30,915 shares in the company, valued at $35,928,176.40. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,800 shares of company stock worth $6,504,856 in the last 90 days. Company insiders own 0.21% of the company’s stock.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,596.08 on Friday. The company’s fifty day moving average price is $1,655.56 and its 200-day moving average price is $1,220.12. The firm has a market capitalization of $233.70 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 0.16 and a beta of 5.20. Sandisk Corporation has a one year low of $45.63 and a one year high of $2,354.39.

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

Sandisk declared that its Board of Directors has approved a share repurchase plan 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 stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk introduced new SATA and NVMe solid-state drives for high-performance network-attached storage (NAS), targeting prosumers, small businesses and private-cloud users. The expansion could diversify demand beyond hyperscale customers and strengthen its competitive position against Micron and Seagate. Can Sandisk’s NAS Expansion Help It Challenge MU & STX?
• Positive Sentiment: Some analysts and market commentators remain bullish on Sandisk’s long-term earnings potential, arguing that accelerating artificial-intelligence data creation should increase demand for storage. One published view cited a potential $3,000 price target, although such targets are highly dependent on continued memory-market strength. SanDisk Stock Trades at $1,600 with Analysts Eyeing $3,000 Target
• Neutral Sentiment: Technical analysts expect substantial volatility in AI-memory stocks in the coming weeks but remain constructive over the longer term. This supports the bullish thesis while warning investors that sharp swings and options-related risks may continue. Danielle Shay on MU, SNDK & STX Technical Analysis, Options Strategies
• Neutral Sentiment: Sandisk’s latest quarterly results were exceptionally strong, with revenue up 371.6% year over year and earnings exceeding consensus estimates. However, the stock’s very large rally has raised expectations, making future results and guidance increasingly important to valuation.
• Negative Sentiment: Bearish commentary argues that Sandisk’s valuation may be pricing in an unusually favorable memory cycle and could underestimate the industry’s historical cyclicality. Any slowdown in pricing, demand or margins could therefore trigger a significant correction. Sandisk: Bulls Are Misjudging Its Valuation And Cyclicality
• Negative Sentiment: Investors are also concerned that increased Chinese competition or supply pressure could undermine Sandisk’s pricing power and disrupt its parabolic rally. The new NAS products were not enough to offset those broader concerns during Friday’s session. SanDisk Stock Has Gone Parabolic. How China Could End the Party

Analyst Ratings Changes

Several research firms have recently weighed in on SNDK. Melius Research set a $2,350.00 price target on shares of Sandisk in a report on Monday, May 18th. Wells Fargo & Company lifted their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Mizuho set a $1,900.00 target price on Sandisk in a research report on Friday, August 14th. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Morgan Stanley raised their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Sandisk currently has an average rating of “Buy” and an average price target of $1,999.27.

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.