Mawer Investment Management Ltd. Invests $10.19 Million in Sandisk Corporation $SNDK

Mawer Investment Management Ltd. purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,908 shares of the data storage provider’s stock, valued at approximately $10,186,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC purchased a new position in Sandisk in the 3rd quarter valued at $1,136,000. Mutual of America Capital Management LLC purchased a new stake in shares of Sandisk during the third quarter worth $1,735,000. Allworth Financial LP grew its holdings in shares of Sandisk by 84.2% during the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after buying an additional 2,067 shares in the last quarter. Tredje AP fonden acquired a new stake in shares of Sandisk in the fourth quarter valued at about $7,821,000. Finally, ProShare Advisors LLC lifted its stake in shares of Sandisk by 1,301.5% in the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after buying an additional 31,237 shares in the last quarter.

Sandisk Trading Up 3.9%

Shares of NASDAQ:SNDK opened at $1,761.43 on Tuesday. The company has a market capitalization of $260.85 billion, a price-to-earnings ratio of 61.22 and a beta of 4.88. Sandisk Corporation has a 12-month low of $36.21 and a 12-month high of $1,804.00. The business has a 50-day moving average price of $1,093.12 and a 200 day moving average price of $657.86.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same period last year, the business earned ($0.30) EPS. The company’s quarterly revenue 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, equities research analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SNDK shares. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Melius Research set a $2,350.00 target price on shares of Sandisk in a research note on Monday, May 18th. Bank of America boosted their target price on Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Wedbush upped their price target on Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Evercore reiterated an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $1,368.73.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 579 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. The disclosure for this sale is available in the SEC filing. 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: Analysts and market watchers say SanDisk still has room to run after its historic share-price surge, with recent upgrade activity and price targets suggesting further upside potential. After SanDisk’s Historic Run, Analysts Still See More Upside
• Positive Sentiment: Goldman’s outlook for a tight AI memory market through 2028 is boosting SanDisk and other major memory producers, reinforcing the bullish thesis for continued strong pricing and demand. What’s Going On With SanDisk Stock Monday?
• Positive Sentiment: Memory and storage stocks are extending a powerful AI-driven rally, with SanDisk named among the biggest beneficiaries as investors continue to chase the group. Micron Rises 7%, Western Digital Climbs and SanDisk Climb 4% as Memory Stocks Extend Parabolic Run
• Positive Sentiment: Recent commentary highlights SanDisk as one of two AI memory stocks outperforming Nvidia, citing supply shortages and strong data-center demand as key tailwinds. 2 AI Memory Stocks Outperforming NVIDIA With Big Upside Ahead
• Neutral Sentiment: Several articles frame SanDisk’s move as part of a broader speculative run in AI-related memory stocks, which supports momentum but also implies elevated expectations. SanDisk’s Stock and Short Interest Both at Record Highs — Do the Bears Know Something?
• Neutral Sentiment: Some recent coverage raises the possibility of a valuation bubble in memory stocks, but the articles also note that SanDisk is still showing rapid growth. Are Micron and Sandisk Stocks in a Bubble?

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.