Sandisk Corporation $SNDK Stock Sold by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. lowered its stake in Sandisk Corporation (NASDAQ:SNDK) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,587 shares of the data storage provider’s stock after selling 521 shares during the quarter. Sandisk makes up 0.9% of China Universal Asset Management Co. Ltd.’s portfolio, making the stock its 29th biggest position. China Universal Asset Management Co. Ltd.’s holdings in Sandisk were worth $16,605,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Sandisk during the second quarter valued at $23,408,732,000. Situational Awareness LP boosted its holdings in Sandisk by 42.4% in the second quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock worth $5,673,739,000 after acquiring an additional 743,325 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Sandisk in the second quarter worth $1,621,353,000. Bank of America Corp DE purchased a new stake in shares of Sandisk in the second quarter worth $1,564,901,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Sandisk in the second quarter worth $1,413,917,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk reported fiscal Q1 revenue of $11.03 billion and adjusted earnings of $49.51 per share, exceeding consensus estimates of approximately $10.7 billion in revenue and $46-$47 per share in earnings. Earnings increased sharply from $1.22 per share a year earlier. Sandisk Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: AI infrastructure demand drove strong growth: data-center revenue rose 61% sequentially to $4.80 billion, while Edge revenue increased 7% to $5.83 billion. Management projected fiscal Q2 revenue of $12.2 billion to $12.6 billion and non-GAAP diluted EPS of $55 to $57, signaling continued pricing power and demand for enterprise storage. Sandisk Data Center Revenue and Stock Split
• Positive Sentiment: The company announced an eight-for-one forward stock split effective November 19, 2026, which could improve share accessibility and liquidity. Sandisk also repurchased approximately $5 billion of stock during the quarter. Sandisk Reports Revenue, Net Income and Stock Split
• Neutral Sentiment: Long-term customer agreements totaling roughly $91.1 billion support visibility, but investors remain focused on whether Sandisk can sustain profitability through the typically cyclical NAND-memory market. Sandisk’s Surging Profits Face a Critical Test
• Negative Sentiment: Memory stocks came under pressure after weaker-than-expected Alphabet results and a sharp decline in Samsung Electronics shares revived concerns about technology spending and sector momentum. The pullback in peers such as Micron and SK Hynix weighed on Sandisk ahead of its results. Why Memory Stocks Fell
• Negative Sentiment: Despite the buybacks, diluted shares remained about 3% above the prior-year level. Separately, reported insider activity showed selling rather than purchases, potentially adding to investor caution after the stock’s substantial advance. Sandisk Revenue and Earnings Reaction

Sandisk Stock Down 5.3%

Shares of NASDAQ SNDK opened at $1,330.05 on Friday. The firm has a market cap of $192.23 billion, a P/E ratio of 18.24, a PEG ratio of 0.14 and a beta of 5.23. Sandisk Corporation has a twelve month low of $183.00 and a twelve month high of $2,354.39. The company has a 50 day moving average of $1,566.91 and a 200 day moving average of $1,247.03.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, October 29th. The data storage provider reported $49.51 EPS for the quarter, beating the consensus estimate of $46.19 by $3.32. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The business had revenue of $11.03 billion for the quarter. During the same quarter in the prior year, the business posted $1.22 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, equities analysts expect that Sandisk Corporation will post 210.92 earnings per share for the current fiscal year.

Sandisk declared that its board has initiated a stock buyback plan on Wednesday, August 5th that authorizes the company to buy back $14 billion in outstanding shares. This buyback authorization authorizes the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have recently weighed in on SNDK. Raymond James Financial raised their price target on Sandisk from $1,470.00 to $2,000.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Argus raised Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price target for the company in a research report on Monday, August 10th. Citigroup reiterated a “buy” rating on shares of Sandisk in a research note on Thursday, October 1st. Wells Fargo & Company increased their price objective on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Finally, New Street Research set a $3,000.00 price objective on shares of Sandisk in a research note on Thursday, August 6th. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,093.73.

Insiders Place Their Bets

In other news, CEO David Goeckeler sold 33,841 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the transaction, the chief executive officer owned 382,865 shares in the company, valued at $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the transaction, the chief financial officer directly owned 130,976 shares in the company, valued at approximately $205,479,078.08. The trade was a 0.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,899 shares of company stock worth $121,159,122 over the last three months. Company insiders own 0.29% of the company’s stock.

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.