Westpac Banking Corp Invests $245,000 in Sandisk Corporation $SNDK

Westpac Banking Corp purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 386 shares of the data storage provider’s stock, valued at approximately $245,000.

Several other large investors have also made changes to their positions in SNDK. State Street Corp bought a new position in Sandisk during the third quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in Sandisk in the third quarter worth approximately $297,293,000. Norges Bank bought a new stake in Sandisk in the fourth quarter worth approximately $518,889,000. Bank of America Corp DE acquired a new position in shares of Sandisk during the 3rd quarter worth $190,425,000. Finally, AQR Capital Management LLC acquired a new position in shares of Sandisk during the 3rd quarter worth $163,057,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and market commentators highlighted Sandisk as a potential winner from AI infrastructure spending, tight memory supply, and stronger NAND pricing, reinforcing the bull case for higher earnings power. Article Title
• Positive Sentiment: Reports said memory prices remain elevated and could continue rising, which is important for Sandisk’s margins and revenue outlook. Article Title
• Positive Sentiment: Several bullish pieces argued Sandisk still has room to run after its huge 2026 rally, citing enterprise SSD growth, AI-related storage demand, and a discounted valuation relative to its growth story. Article Title
• Neutral Sentiment: With earnings approaching, investors are focused on whether Sandisk can keep beating expectations and justify its elevated valuation. Article Title
• Neutral Sentiment: Some coverage flagged a broader sector pause and profit-taking, explaining why SNDK has also seen intraday volatility despite the bullish long-term narrative. Article Title
• Negative Sentiment: At least one analyst cut a price target on SNDK, which may be pressuring sentiment even as the stock remains near record levels. Article Title
• Negative Sentiment: Susquehanna also reportedly lowered its target, suggesting some analysts think the stock’s recent run has outpaced near-term fundamentals. Article Title

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SNDK shares. Argus initiated coverage on shares of Sandisk in a report on Wednesday, July 15th. They set a “hold” rating on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. Melius Research set a $2,350.00 target price on shares of Sandisk in a research report on Monday, May 18th. Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,811.38.

Sandisk Stock Up 0.7%

Shares of NASDAQ:SNDK opened at $1,610.33 on Friday. The business has a 50 day moving average price of $1,753.46 and a 200 day moving average price of $1,084.78. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The company has a market cap of $238.47 billion, a price-to-earnings ratio of 55.97 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion for the quarter. During the same period in the prior year, the firm earned ($0.30) earnings per share. The business’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Analysts anticipate that Sandisk Corporation will post 64.52 EPS for the current year.

Insider Activity at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 6,225 shares of company stock worth $10,166,297. Insiders own 0.21% of the company’s stock.

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.