Securian Asset Management Inc. Buys New Position in Sandisk Corporation $SNDK

Posted by Brenda Bartman on May 14th, 2026

Securian Asset Management Inc. purchased a new position in Sandisk Corporation (NASDAQ:SNDK – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,712 shares of the data storage provider’s stock, valued at approximately $881,000.

Other large investors also recently bought and sold shares of the company. Composition Wealth LLC raised its stake in shares of Sandisk by 0.4% during the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after purchasing an additional 41 shares during the period. Westfuller Advisors LLC boosted its stake in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares during the period. Everhart Financial Group Inc. grew its holdings in Sandisk by 3.4% during the 4th quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock valued at $489,000 after purchasing an additional 67 shares in the last quarter. Assetmark Inc. increased its stake in Sandisk by 71.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock worth $42,000 after buying an additional 73 shares during the period. Finally, Savvy Advisors Inc. increased its stake in Sandisk by 1.3% during the 4th quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock worth $1,645,000 after buying an additional 87 shares during the period.

Sandisk Stock Down 0.3%

Shares of Sandisk stock opened at $1,447.23 on Thursday. The business has a 50-day moving average price of $866.60 and a 200 day moving average price of $538.61. Sandisk Corporation has a fifty-two week low of $35.79 and a fifty-two week high of $1,600.00. The firm has a market cap of $214.32 billion, a P/E ratio of 50.30 and a beta of 4.82.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion for the quarter. During the same period in the prior year, the business earned ($0.30) EPS. The company’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts anticipate that Sandisk Corporation will post 63.93 earnings per share for the current year.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: New leveraged ETFs tied to Sandisk and other chip names are adding speculative demand and reinforcing momentum in AI-related semiconductor stocks. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
Positive Sentiment: Recent commentary continues to highlight strong AI storage demand, record results, and bullish price targets, including talk that Sandisk could still have meaningful upside from current levels. SanDisk (SNDK) Delivered a Record Quarter. The AI Storage Bull Case Is Intact
Positive Sentiment: SanDisk remains a major beneficiary of the memory-chip boom, with multiple reports pointing to strong NAND demand tied to AI data-center buildouts and constrained supply. Why Micron, Sandisk Stock Are Climbing Despite Fears of an Even Bigger Memory-Chip Shortage
Neutral Sentiment: Analyst and media coverage is emphasizing that Sandisk’s parabolic year-to-date move has made it one of the market’s most closely watched momentum names. SanDisk And Micron Had Their Run – This New ‘Photonics’ ETF Has 15 Triple-Digit Gainers Inside
Neutral Sentiment: Insider selling by a director was disclosed, but the transaction was relatively small compared with the company’s huge market value and does not by itself change the longer-term thesis. Necip Sayiner Sells 579 Shares of Sandisk (NASDAQ:SNDK) Stock
Negative Sentiment: Sandisk was hit by a broader chip and memory-sector selloff as investors took profits after an enormous rally, with several reports warning the stock may be overdue for a pullback. What’s Going On With SanDisk Stock Tuesday?
Negative Sentiment: Technical commentary is increasingly cautious, noting overbought conditions after Sandisk’s explosive run and suggesting traders may be locking in gains. SanDisk stock is in a bull run — but RSI says a pullback may be near

Insider Buying and Selling at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the transaction, the director owned 9,907 shares of the company’s stock, valued at $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 transaction of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

SNDK has been the subject of a number of analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Mizuho set a $1,220.00 price target on Sandisk in a research note on Friday, May 1st. Citigroup increased their price target on Sandisk from $980.00 to $1,300.00 and gave the company a “buy” rating in a report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Finally, Royal Bank Of Canada upped their target price on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,065.81.

Read Our Latest Research Report on Sandisk

Sandisk Profile

(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.