TD Asset Management Inc Makes New Investment in Sandisk Corporation $SNDK

TD Asset Management Inc purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 37,913 shares of the data storage provider’s stock, valued at approximately $9,000,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SNDK. Vanguard Group Inc. bought a new position in Sandisk during the third quarter worth about $1,970,388,000. State Street Corp acquired a new position in shares of Sandisk in the 3rd quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sandisk in the 3rd quarter valued at $297,293,000. Norges Bank bought a new stake in shares of Sandisk in the 4th quarter valued at $518,889,000. Finally, Bank of America Corp DE acquired a new stake in Sandisk during the 3rd quarter worth $190,425,000.

Insider Transactions at Sandisk

In related news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction dated 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 completion of the sale, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’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 sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 5,625 shares of company stock valued at $8,913,497. Corporate insiders own 0.21% of the company’s stock.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America and other analysts raised price targets on Sandisk, pointing to tight memory supply, better pricing, and improved earnings visibility from new long-term supply deals. SanDisk wins big BofA target upgrade as new supply deals shore up earnings visibility
• Positive Sentiment: Analysts say Sandisk’s new business model is boosting profitability, cash flow, and exposure to AI-driven datacenter demand. SNDK’s New Business Model Boosts Profitability: Time to Buy the Stock?
• Positive Sentiment: Recent coverage highlights Sandisk’s strong quarter and continued bullish sentiment around the AI memory trade, which is keeping buyers interested. Marvell, Micron, Sandisk, and More Stocks That Explain Today’s Market
• Neutral Sentiment: Trading has stayed resilient even as memory peers such as Micron and Western Digital fell, suggesting Sandisk is being viewed as a relative strength name in the sector. Micron Sinks 6%, Western Digital Falls 5% but SanDisk Holds Steady
• Neutral Sentiment: One report noted short interest data was effectively unchanged at zero shares, offering little direct signal for traders.
• Negative Sentiment: Some commentary warns that Sandisk’s premium valuation could come under pressure if competitors or industry developments weaken the supply-demand backdrop. SK Hynix’s Potential Listing Will Crumble Sandisk’s Premium

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SNDK shares. Melius Research set a $2,350.00 price objective on Sandisk in a report on Monday, May 18th. Susquehanna upped their price target on shares of Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a report on Friday, May 29th. Morgan Stanley raised their price objective on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Bank of America increased their target price on Sandisk from $1,550.00 to $2,100.00 and gave the stock a “buy” rating in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,580.67.

Sandisk Trading Up 0.3%

NASDAQ SNDK opened at $1,646.54 on Wednesday. The firm’s 50 day simple moving average is $1,216.02 and its 200 day simple moving average is $718.55. The firm has a market capitalization of $243.84 billion, a price-to-earnings ratio of 57.23 and a beta of 4.87. Sandisk Corporation has a 1 year low of $39.44 and a 1 year high of $1,861.00.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company’s revenue was up 251.0% compared to the same quarter last year. During the same period last year, the business earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts forecast that Sandisk Corporation will post 64.01 earnings per share for the current year.

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.