3,780 Shares of Sandisk Corporation $SNDK Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 3,780 shares of the data storage provider’s stock, valued at approximately $6,577,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SNDK. BlackRock Inc. acquired a new position in shares of Sandisk during the second quarter worth about $23,408,732,000. Situational Awareness LP grew its position in shares of Sandisk by 42.4% in the second quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after purchasing an additional 743,325 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Sandisk by 71.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock valued at $2,425,811,000 after purchasing an additional 443,714 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Sandisk by 57.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 726,722 shares of the data storage provider’s stock valued at $1,652,370,000 after buying an additional 264,935 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Sandisk in the second quarter valued at about $1,621,353,000.

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the transaction, the insider directly owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. This represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the sale, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 77,899 shares of company stock valued at $121,159,122. Insiders own 0.29% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong NAND and AI-storage fundamentals: Analysts and bullish commentators argue that AI data-center construction is driving NAND demand beyond supply. Enterprise SSD growth, firm NAND pricing, and potential shortages through 2028 could support Sandisk’s revenue and margins. Sandisk: Strong Buy Despite China and AI Spending Fears
• Positive Sentiment: Analyst support remains strong: Mizuho analyst Lloyd Walmsley maintained a Buy rating and a $2,050 price target, citing firm NAND pricing and upside from enterprise solid-state drives. Analyst Lloyd Walmsley Initiates Buy on SanDisk
• Positive Sentiment: Earnings could provide a catalyst: Several previews expect Sandisk to benefit from favorable NAND market conditions when it reports on October 29. The stock’s earlier surge followed its return as an independent company in February 2025, reflecting strong investor enthusiasm for the memory cycle. Prediction: Sandisk Stock Will Soar After Oct. 29
• Neutral Sentiment: Sector-wide volatility is elevated: Sandisk has gained dramatically since its separation from Western Digital, but the memory market remains highly cyclical. Its substantial prior appreciation and high volatility leave the stock vulnerable to profit-taking and sharp moves around earnings. Up 3,700%, Should You Buy Sandisk Right Now?
• Negative Sentiment: AI spending concerns are driving the selloff: Investors are questioning whether rising AI infrastructure costs will slow hyperscaler capital expenditures, reducing future demand for memory and storage chips. Sandisk declined alongside Micron, SK Hynix, and other semiconductor stocks as the broader memory-sector liquidation intensified. SanDisk Stock Drops as AI Cost Worries Mount
• Negative Sentiment: Near-term uncertainty is concentrated around earnings: The market is weighing whether strong NAND pricing and AI-related demand can overcome concerns about slowing chip demand, Chinese competition, and the sustainability of elevated valuations.

Sandisk Price Performance

NASDAQ SNDK opened at $1,260.93 on Friday. The firm has a market capitalization of $182.24 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23. The company has a 50 day simple moving average of $1,603.49 and a 200-day simple moving average of $1,522.08. Sandisk Corporation has a 52-week low of $146.00 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share 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 for the quarter. During the same quarter in the prior year, the company posted $0.29 EPS. The firm’s quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, analysts predict that Sandisk Corporation will post 208.94 EPS for the current year.

Sandisk declared that its board has initiated a share repurchase plan on Wednesday, August 5th that permits the company to buy back $14.00 billion in shares. This repurchase authorization permits the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SNDK shares. Rosenblatt Securities initiated coverage on Sandisk in a research note on Tuesday, September 22nd. They set a “buy” rating and a $2,400.00 target price for the company. BNP Paribas Exane cut their price objective on shares of Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. New Street Research set a $3,000.00 target price on Sandisk in a research report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of Sandisk in a report on Thursday, October 1st. Finally, Weiss Ratings downgraded shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,120.65.

Sandisk Company 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.