Royal London Asset Management Ltd. Boosts Stock Position in Sandisk Corporation $SNDK

Royal London Asset Management Ltd. raised its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,769 shares of the data storage provider’s stock after purchasing an additional 457 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Sandisk were worth $126,804,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mufg Securities Americas Inc. increased its holdings in Sandisk by 9.2% during the 2nd quarter. Mufg Securities Americas Inc. now owns 4,461 shares of the data storage provider’s stock worth $10,143,000 after purchasing an additional 377 shares during the period. Van ECK Associates Corp lifted its stake in Sandisk by 1,151.1% in the second quarter. Van ECK Associates Corp now owns 1,151 shares of the data storage provider’s stock worth $2,617,000 after acquiring an additional 1,059 shares during the period. Nissay Asset Management Corp Japan lifted its stake in Sandisk by 4,206.6% in the second quarter. Nissay Asset Management Corp Japan now owns 24,763 shares of the data storage provider’s stock worth $56,304,000 after acquiring an additional 24,188 shares during the period. Navellier & Associates Inc. grew its holdings in Sandisk by 41.4% during the 2nd quarter. Navellier & Associates Inc. now owns 1,363 shares of the data storage provider’s stock worth $3,099,000 after acquiring an additional 399 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Sandisk by 9.8% during the 2nd quarter. Hsbc Holdings PLC now owns 220,574 shares of the data storage provider’s stock worth $498,377,000 after acquiring an additional 19,760 shares in the last quarter.

Insider Buying and Selling at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction that occurred on 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 owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. This trade represents a 1.90% 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. Over the last three months, insiders sold 3,800 shares of company stock worth $6,504,856. 0.21% of the stock is owned by insiders.

Sandisk Stock Up 0.0%

Shares of Sandisk stock opened at $1,484.98 on Friday. Sandisk Corporation has a 52-week low of $50.07 and a 52-week high of $2,354.39. The firm’s 50 day moving average price is $1,595.87 and its 200-day moving average price is $1,250.36. The company has a market cap of $217.43 billion, a P/E ratio of 20.37, a PEG ratio of 0.15 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data 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 firm had revenue of $8.96 billion during the quarter. During the same period in the previous year, the business earned $0.29 earnings per share. The business’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities research analysts forecast that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its board has initiated a share repurchase plan on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to repurchase 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 stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Weiss Ratings lowered shares of Sandisk from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 14th. Cantor Fitzgerald restated an “overweight” rating and set a $2,900.00 target price on shares of Sandisk in a report on Monday, August 10th. Evercore restated an “outperform” rating on shares of Sandisk in a report on Thursday, August 13th. Finally, Argus raised Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $1,998.14.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Major Japan investment supports long-term growth: Sandisk and Kioxia plan to invest more than $31 billion in Japan through 2032, subject to government support, to expand flash-memory production. The spending is intended to address tight supply caused by accelerating AI and data-center demand, while strengthening Sandisk’s long-standing joint venture with Kioxia. Kioxia and Sandisk to Invest Over $31 Billion in Japan
• Positive Sentiment: AI demand remains a powerful industry tailwind: Nvidia’s strong quarterly results and outlook reinforced expectations for sustained spending on AI infrastructure, potentially lifting demand for Sandisk’s NAND flash and enterprise solid-state drives. Analysts also point to pricing strength, constrained supply and multiyear agreements as drivers of near-term growth. Memory and Storage Giants to Gain Amid Nvidia’s Results
• Positive Sentiment: Recent operating performance provides support: Sandisk’s latest quarterly results exceeded expectations, with earnings per share of $39.25 versus the $33.28 consensus and revenue up 371.6% year over year. Its guidance for fiscal 2027 also reflects continued confidence in demand.
• Neutral Sentiment: Long-term opportunity is substantial but execution-dependent: Comparisons with Nvidia’s earlier AI-driven growth phase highlight Sandisk’s data-center potential, but the stock has already gained dramatically, increasing sensitivity to earnings expectations and future supply-demand conditions. Has Sandisk Already Had Its Nvidia Moment?
• Negative Sentiment: Profit-taking is weighing on memory stocks: Investors have been locking in gains after the sector’s sharp rally, causing Sandisk and peers to move lower even after Nvidia’s favorable report. Why Is Sandisk Stock Up on Friday?
• Negative Sentiment: Valuation and policy risks remain concerns: Analysts have flagged the elevated valuation following Sandisk’s extraordinary run, while possible U.S. trade or export-policy changes could create uncertainty for semiconductor suppliers. Mizuho has also lowered its expectations for the stock. Why Memory Stocks Are Sliding

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.