Sandisk Corporation $SNDK Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 18.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,707 shares of the data storage provider’s stock after acquiring an additional 4,175 shares during the period. TD Waterhouse Canada Inc.’s holdings in Sandisk were worth $48,861,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of Sandisk during the third quarter worth $205,000. Selective Wealth Management Inc. boosted its holdings in Sandisk by 10.6% in the third quarter. Selective Wealth Management Inc. now owns 343 shares of the data storage provider’s stock valued at $597,000 after purchasing an additional 33 shares during the last quarter. GFG Capital LLC boosted its holdings in Sandisk by 64.6% in the third quarter. GFG Capital LLC now owns 163 shares of the data storage provider’s stock valued at $284,000 after purchasing an additional 64 shares during the last quarter. Shelton Wealth Management LLC purchased a new stake in Sandisk in the third quarter valued at $301,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in Sandisk during the 3rd quarter worth about $400,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SNDK. UBS Group reiterated an “overweight” rating and set a $1,750.00 price objective on shares of Sandisk in a research note on Friday, August 14th. Arete Research upped their target price on Sandisk from $2,300.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. initiated coverage on Sandisk in a research note on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price on the stock. Evercore reaffirmed an “outperform” rating and set a $3,100.00 target price (up from $1,400.00) on shares of Sandisk in a report on Thursday, August 13th. Finally, Susquehanna reduced their price target on Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating for the company in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,120.65.

Insider Activity

In related news, EVP Alper Ilkbahar sold 4,712 shares of Sandisk stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the transaction, the executive vice president owned 44,134 shares in the company, valued at $67,991,957.72. The trade was a 9.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the transaction, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at $205,479,078.08. The trade was a 0.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 77,899 shares of company stock valued at $121,159,122. Insiders own 0.29% of the company’s stock.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s long-term growth case remains supported by strong data-center demand. One analysis argues that the company’s revenue growth, earnings power and $15.5 billion buyback authorization could support further earnings-per-share accretion if cash generation remains robust. Sandisk: The Earnings Boom Is Only Half The Story
• Positive Sentiment: Sandisk reportedly has at least $93.9 billion of expected revenue secured through multiyear contracts, including financial protections if customers fail to meet commitments. This provides meaningful demand visibility despite near-term market volatility. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story
• Positive Sentiment: Bullish analysts say continued AI infrastructure spending and data-center demand could drive substantial additional upside, with one projection placing the shares at $4,128 over the next year. Sandisk Stock Could Be Worth $4,128 in the Next Year
• Neutral Sentiment: Sandisk was upgraded by Zacks Research from “hold” to “strong buy,” although the upgrade has not offset broader sector selling.
• Negative Sentiment: Memory-chip stocks, including Sandisk, Micron and SK Hynix, are continuing a multiday selloff. Investors are concerned about Chinese competitors’ server-memory plans, cyclical oversupply and the durability of recent margin expansion. Memory Stocks Extend Selloff on China Competition Fears
• Negative Sentiment: Cathie Wood warned that memory-chip cycles can be “vicious” and indicated that her ARK strategy is moving away from the group, raising concerns that Sandisk’s rapid gains and expanding margins may not be sustainable. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious
• Negative Sentiment: Higher Treasury yields and the possibility of an October Federal Reserve rate hike are weighing on growth and AI-related equities, adding to pressure on Sandisk. Nasdaq 100 Slides As Micron, SanDisk, CoreWeave Sink

Sandisk Stock Performance

NASDAQ SNDK traded down $95.53 during mid-day trading on Friday, reaching $1,299.30. 8,871,699 shares of the stock were exchanged, compared to its average volume of 8,782,726. The business’s 50 day moving average is $1,603.61 and its 200-day moving average is $1,496.95. Sandisk Corporation has a 1 year low of $136.29 and a 1 year high of $2,354.39. The company has a market capitalization of $187.79 billion, a P/E ratio of 17.82, a P/E/G ratio of 0.14 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate 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 for the quarter. During the same quarter in the prior year, the business posted $0.29 EPS. The firm’s quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts predict that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 5th that allows the company to buy back $14.00 billion in shares. This repurchase authorization allows the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Share repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.