TD Waterhouse Canada Inc. Grows Holdings in Sandisk Corporation $SNDK

TD Waterhouse Canada Inc. boosted its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,532 shares of the data storage provider’s stock after acquiring an additional 449 shares during the period. TD Waterhouse Canada Inc.’s holdings in Sandisk were worth $51,232,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Sandisk in the second quarter worth approximately $23,408,732,000. State Street Corp bought a new stake in shares of Sandisk during the 3rd quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Sandisk during the 3rd quarter valued at $297,293,000. Norges Bank purchased a new position in shares of Sandisk during the 4th quarter valued at $518,889,000. Finally, Bank of America Corp DE purchased a new position in shares of Sandisk during the 3rd quarter valued at $190,425,000.

Wall Street Analyst Weigh In

SNDK has been the subject of several recent analyst reports. Weiss Ratings raised shares of Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $2,900.00 price target on shares of Sandisk in a report on Monday, August 10th. Royal Bank Of Canada boosted their price objective on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. assumed coverage on Sandisk in a research note on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 price objective for the company. Finally, Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $1,998.14.

Insider Activity at Sandisk

In related news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total value of $915,360.00. Following the sale, the insider directly owned 29,884 shares in the company, valued at approximately $45,591,030.40. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,800 shares of company stock valued at $2,865,456 in the last quarter. 0.21% of the stock is currently owned by insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Upward earnings revisions support the shares. Zacks reiterated a Rank #1 (Strong Buy) for SNDK, citing a strengthening earnings outlook. The view follows Sandisk’s recent earnings beat, 371.6% year-over-year revenue growth and strong fiscal 2027 guidance. Bullish EPS Revisions Back IBKR, SNDK, and ROKU
• Positive Sentiment: AI data-center demand remains a major bullish driver. Analysts continue to identify Sandisk as a way to participate in rising demand for enterprise storage, NAND flash and other memory infrastructure supporting AI workloads. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
• Positive Sentiment: Management’s scheduled presentations at the Citi Global TMT Conference and Goldman Sachs Communacopia + Technology Conference could provide fresh commentary on demand, pricing and the company’s outlook. Sandisk Announces Participation in Investor Conferences
• Neutral Sentiment: Recent commentary presents a wide range of expectations, including bullish price targets and comparisons highlighting Sandisk’s rapid revenue expansion. However, the stock’s elevated valuation and high volatility leave it sensitive to changes in the memory cycle and investor sentiment. SanDisk SNDK Stock Prediction
• Negative Sentiment: Growing Chinese competition is the key downside risk. Chinese memory manufacturers are gaining DRAM and NAND market share, raising concerns about future pricing pressure, reduced share and lower margins for Sandisk. Micron, SanDisk Lag Tech Rally as China Grabs Memory Market Share
• Negative Sentiment: Insider Bernard Shek sold approximately $915,360 of SNDK under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by about 2%, limiting its significance but adding a modest sentiment headwind. Insider Selling: Sandisk Insider Sells Stock

Sandisk Stock Performance

SNDK opened at $1,554.99 on Friday. The stock has a market capitalization of $227.68 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 0.15 and a beta of 5.17. The company has a fifty day moving average of $1,550.34 and a 200 day moving average of $1,281.92. Sandisk Corporation has a fifty-two week low of $55.55 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping 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 business had revenue of $8.96 billion for the quarter. During the same quarter in the previous year, the firm earned $0.29 EPS. The firm’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. On average, equities research analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.