Swiss Life Asset Management Ltd Boosts Stock Holdings in Sandisk Corporation $SNDK

Swiss Life Asset Management Ltd grew its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 44.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,824 shares of the data storage provider’s stock after buying an additional 2,734 shares during the period. Swiss Life Asset Management Ltd’s holdings in Sandisk were worth $2,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of Sandisk during the 3rd quarter valued at about $1,970,388,000. State Street Corp acquired a new stake in shares of Sandisk during the 3rd quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sandisk during the 3rd quarter valued at about $297,293,000. Bank of America Corp DE acquired a new stake in shares of Sandisk during the 3rd quarter valued at about $190,425,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Sandisk during the 3rd quarter valued at about $163,057,000.

Wall Street Analyst Weigh In

SNDK has been the topic of a number of analyst reports. Wall Street Zen upgraded Sandisk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Raymond James Financial reiterated an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a research report on Friday, May 1st. UBS Group set a $1,700.00 target price on Sandisk in a research report on Monday, May 4th. Mizuho set a $1,220.00 target price on Sandisk in a research report on Friday, May 1st. Finally, Sanford C. Bernstein increased their target price on Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,065.81.

Insider Buying and Selling

In related news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 6,525 shares of company stock worth $6,555,092. 0.21% of the stock is owned by corporate insiders.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk is being viewed as a key beneficiary of the AI infrastructure trade, with strong enterprise SSD and datacenter demand supporting the bull case. Sandisk Rides on Strong Datacenter Revenues: More Upside Ahead?
• Positive Sentiment: Commentary continues to highlight the strength of the memory rally and argue that Sandisk’s stock could still have room to rise, reinforcing momentum sentiment. Sandisk Price Prediction: Has the Rally Gone Too Far?
• Positive Sentiment: Recent market chatter says S&P upgraded Sandisk after it repaid all debt, built a $3.7 billion cash pile, and authorized a $6 billion buyback plan, all of which support the stock. What's Going On With Sandisk Stock Thursday?
• Positive Sentiment: Analysts have continued lifting price targets, showing confidence in Sandisk’s earnings power and growth outlook. SanDisk (SNDK) price target increased by 44.34% to 1,248.91
• Neutral Sentiment: Sandisk said it is rejecting an unsolicited “mini-tender” offer from Tutanota LLC, which appears immaterial to operations but underscores how much attention the stock has drawn after its sharp run-up. Sandisk Recommends Stockholders Reject “Mini-Tender” Offer by Tutanota LLC
• Neutral Sentiment: An insider sale by the chief accounting officer was disclosed, but it looks more routine than alarming and does not change the fundamental outlook. Top SanDisk Executive Makes Major Move With Insider Stock Sale
• Negative Sentiment: Some recent commentary warns the rally may be stretched, leaving Sandisk vulnerable to volatility if sentiment cools or investors start taking profits.

Sandisk Stock Up 1.8%

SNDK opened at $1,407.61 on Friday. Sandisk Corporation has a twelve month low of $35.79 and a twelve month high of $1,600.00. The company has a 50-day moving average price of $899.12 and a 200 day moving average price of $553.06. The company has a market cap of $208.45 billion, a PE ratio of 48.93 and a beta of 4.82.

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 firm had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the firm posted ($0.30) earnings per share. The firm’s revenue for the quarter was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts expect that Sandisk Corporation will post 63.93 earnings per share for the current year.

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.