2,614 Sandisk Corporation $SNDK Shares Sold by SBI Securities Co. Ltd.

Posted by George Bondi on Oct 23rd, 2026

SBI Securities Co. Ltd. cut its holdings in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,172 shares of the data storage provider’s stock after selling 2,614 shares during the period. SBI Securities Co. Ltd.’s holdings in Sandisk were worth $19,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SNDK. Dogwood Wealth Management LLC increased its holdings in shares of Sandisk by 14.3% in the second quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after acquiring an additional 6 shares in the last quarter. Nilsine Partners LLC raised its position in shares of Sandisk by 3.2% during the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after purchasing an additional 7 shares during the period. Insight Wealth Partners LLC lifted its holdings in shares of Sandisk by 0.4% during the 2nd quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock valued at $3,654,000 after purchasing an additional 7 shares in the last quarter. Cornerstone Financial Management LLC lifted its holdings in shares of Sandisk by 60.0% during the 2nd quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock valued at $55,000 after purchasing an additional 9 shares in the last quarter. Finally, LifeGoal Investments LLC lifted its holdings in shares of Sandisk by 3.9% during the 3rd quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider’s stock valued at $421,000 after purchasing an additional 9 shares in the last quarter.

Key Headlines 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 Trading Down 8.5%

SNDK stock opened at $1,260.93 on Friday. The stock has a 50-day moving average price of $1,603.49 and a two-hundred day moving average price of $1,522.08. The stock has a market cap of $182.24 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23. Sandisk Corporation has a 1 year low of $146.00 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The firm had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The business’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, analysts forecast that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk announced that its board has initiated a share buyback plan on Wednesday, August 5th that allows the company to buy back $14.00 billion in shares. This repurchase authorization allows the data storage provider to purchase up to 6.6% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SNDK. China Renaissance boosted their price objective on Sandisk from $2,000.00 to $2,250.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Sanford C. Bernstein reissued an “outperform” rating and set a $3,000.00 target price (up from $1,700.00) on shares of Sandisk in a research note on Thursday, August 6th. Citigroup restated a “buy” rating on shares of Sandisk in a report on Thursday, October 1st. Mizuho lifted their price target on shares of Sandisk from $1,875.00 to $2,050.00 and gave the company an “outperform” rating in a research note on Tuesday, October 6th. Finally, BNP Paribas Exane cut their price target on shares of Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,120.65.

Check Out Our Latest Analysis on Sandisk

Insider Transactions at Sandisk

In related news, EVP Alper Ilkbahar sold 4,712 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the completion of the transaction, the executive vice president directly owned 44,134 shares in the company, valued at approximately $67,991,957.72. This trade represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the transaction, the insider owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. The trade was a 8.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,899 shares of company stock valued at $121,159,122 over the last three months. 0.29% of the stock is currently owned by corporate insiders.

About Sandisk

(Free Report)

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.