Westpac Banking Corp Purchases New Holdings in Sandisk Corporation $SNDK

Westpac Banking Corp purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 386 shares of the data storage provider’s stock, valued at approximately $245,000.

A number of other hedge funds also recently modified their holdings of SNDK. Valley Wealth Managers Inc. acquired a new stake in shares of Sandisk during the 1st quarter worth approximately $25,000. Whittier Trust Co. acquired a new position in shares of Sandisk in the fourth quarter valued at $26,000. Greenline Wealth Management LLC acquired a new position in shares of Sandisk in the fourth quarter valued at $26,000. Chung Wu Investment Group LLC bought a new position in Sandisk in the fourth quarter worth $27,000. Finally, Westfuller Advisors LLC lifted its position in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the period.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and market commentators highlighted Sandisk as a potential winner from AI infrastructure spending, tight memory supply, and stronger NAND pricing, reinforcing the bull case for higher earnings power. Article Title
• Positive Sentiment: Reports said memory prices remain elevated and could continue rising, which is important for Sandisk’s margins and revenue outlook. Article Title
• Positive Sentiment: Several bullish pieces argued Sandisk still has room to run after its huge 2026 rally, citing enterprise SSD growth, AI-related storage demand, and a discounted valuation relative to its growth story. Article Title
• Neutral Sentiment: With earnings approaching, investors are focused on whether Sandisk can keep beating expectations and justify its elevated valuation. Article Title
• Neutral Sentiment: Some coverage flagged a broader sector pause and profit-taking, explaining why SNDK has also seen intraday volatility despite the bullish long-term narrative. Article Title
• Negative Sentiment: At least one analyst cut a price target on SNDK, which may be pressuring sentiment even as the stock remains near record levels. Article Title
• Negative Sentiment: Susquehanna also reportedly lowered its target, suggesting some analysts think the stock’s recent run has outpaced near-term fundamentals. Article Title

Sandisk Stock Performance

SNDK opened at $1,610.33 on Friday. The firm’s 50-day simple moving average is $1,753.46 and its 200-day simple moving average is $1,084.78. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The firm has a market cap of $238.47 billion, a price-to-earnings ratio of 55.97 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion during the quarter. During the same quarter last year, the business earned ($0.30) EPS. The company’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 anticipate that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Insider Activity

In other news, Director Necip Sayiner sold 579 shares of Sandisk 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 value of $870,300.69. Following the completion of the transaction, the director 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’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 completion of the transaction, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 6,225 shares of company stock valued at $10,166,297 over the last three months. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SNDK. Raymond James Financial reiterated an “outperform” rating and set a $1,470.00 price target on shares of Sandisk in a research note on Friday, May 1st. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. The Goldman Sachs Group reiterated a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a research report on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Finally, Evercore set a $3,100.00 target price on shares of Sandisk in a research note on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,811.38.

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.