Northwestern Mutual Investment Management Company LLC Makes New Investment in Sandisk Corporation $SNDK

Northwestern Mutual Investment Management Company LLC bought a new position in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,449 shares of the data storage provider’s stock, valued at approximately $1,056,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Composition Wealth LLC increased its stake in shares of Sandisk by 0.4% in the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after acquiring an additional 41 shares during the last quarter. Westfuller Advisors LLC increased its stake in shares of Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after acquiring an additional 43 shares during the last quarter. Everhart Financial Group Inc. increased its stake in shares of Sandisk by 3.4% in the 4th quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock worth $489,000 after acquiring an additional 67 shares during the last quarter. Assetmark Inc. increased its stake in shares of Sandisk by 71.6% in the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock worth $42,000 after acquiring an additional 73 shares during the last quarter. Finally, Savvy Advisors Inc. increased its stake in shares of Sandisk by 1.3% in the 4th quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock worth $1,645,000 after acquiring an additional 87 shares during the last quarter.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk is being viewed as a key beneficiary of the AI infrastructure trade, with strong enterprise SSD and datacenter demand supporting the bull case. Sandisk Rides on Strong Datacenter Revenues: More Upside Ahead?
• Positive Sentiment: Commentary continues to highlight the strength of the memory rally and argue that Sandisk’s stock could still have room to rise, reinforcing momentum sentiment. Sandisk Price Prediction: Has the Rally Gone Too Far?
• Positive Sentiment: Recent market chatter says S&P upgraded Sandisk after it repaid all debt, built a $3.7 billion cash pile, and authorized a $6 billion buyback plan, all of which support the stock. What's Going On With Sandisk Stock Thursday?
• Positive Sentiment: Analysts have continued lifting price targets, showing confidence in Sandisk’s earnings power and growth outlook. SanDisk (SNDK) price target increased by 44.34% to 1,248.91
• Neutral Sentiment: Sandisk said it is rejecting an unsolicited “mini-tender” offer from Tutanota LLC, which appears immaterial to operations but underscores how much attention the stock has drawn after its sharp run-up. Sandisk Recommends Stockholders Reject “Mini-Tender” Offer by Tutanota LLC
• Neutral Sentiment: An insider sale by the chief accounting officer was disclosed, but it looks more routine than alarming and does not change the fundamental outlook. Top SanDisk Executive Makes Major Move With Insider Stock Sale
• Negative Sentiment: Some recent commentary warns the rally may be stretched, leaving Sandisk vulnerable to volatility if sentiment cools or investors start taking profits.

Sandisk Stock Performance

SNDK stock opened at $1,407.61 on Monday. The company has a market capitalization of $208.45 billion, a PE ratio of 48.93 and a beta of 4.82. Sandisk Corporation has a 12-month low of $35.79 and a 12-month high of $1,600.00. The business’s fifty day moving average price is $899.12 and its 200 day moving average price is $555.71.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts predict that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

Insider Activity at Sandisk

In related news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction 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 sale, the director owned 2,900 shares in the company, valued at $4,359,019. This represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 6,525 shares of company stock worth $6,555,092. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SNDK. Weiss Ratings upgraded Sandisk from a “sell (d+)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wedbush increased their price target on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. KGI Securities began coverage on Sandisk in a report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price target for the company. Wells Fargo & Company increased their price target on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada increased their price target on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,065.81.

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.