Daiwa Securities Group Inc. Buys New Position in Sandisk Corporation $SNDK

Posted by Geri Gentry on Jun 9th, 2026

Daiwa Securities Group Inc. bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 22,140 shares of the data storage provider’s stock, valued at approximately $5,255,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SNDK. Osaic Holdings Inc. bought a new stake in shares of Sandisk during the 2nd quarter valued at about $317,000. Merit Financial Group LLC bought a new stake in shares of Sandisk during the 3rd quarter valued at about $408,000. Federated Hermes Inc. bought a new stake in shares of Sandisk during the 3rd quarter valued at about $88,000. Jones Financial Companies Lllp bought a new stake in shares of Sandisk during the 3rd quarter valued at about $134,000. Finally, Savant Capital LLC bought a new stake in shares of Sandisk during the 3rd quarter valued at about $1,455,000.

Analyst Ratings Changes

Several equities research analysts recently commented on SNDK shares. Morgan Stanley upped their target price on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Raymond James Financial restated an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a research report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and set a $1,400.00 target price on shares of Sandisk in a research report on Friday, May 1st. Melius Research set a $2,350.00 price target on Sandisk in a report on Monday, May 18th. Finally, Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and an average price target of $1,580.67.

Get Our Latest Report on Sandisk

Insider Buying and Selling

In other news, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the completion of the sale, the insider directly owned 32,232 shares of the company’s stock, valued at $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was 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 directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 5,625 shares of company stock valued at $8,913,497. 0.21% of the stock is owned by company insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Bank of America raised its price target on Sandisk to $2,100, pointing to strong NAND demand, tight supply, and improved earnings visibility from new long-term supply deals. SanDisk wins big BofA target upgrade as new supply deals shore up earnings visibility
Positive Sentiment: Mizuho and other analysts also boosted their targets, reinforcing the view that Sandisk can keep beating expectations as AI/datacenter memory demand stays strong. Sandisk Stock Jumps—Again. Don’t Worry About New Memory Supply, Say Analysts.
Positive Sentiment: Sandisk’s shift to multi-year NAND supply agreements is being viewed as a profitability boost, with more revenue now locked in under firm commitments. SNDK’s New Business Model Boosts Profitability: Time to Buy the Stock?
Neutral Sentiment: Some commentary framed the move as part of a broader memory-stock rebound after Friday’s selloff, suggesting sector sentiment is also helping SNDK. Micron Rockets 8%, Western Digital Surges 7%, SanDisk Pops 6% in Memory-Stock Snap-Back
Neutral Sentiment: One bearish takeaway argued that a potential SK Hynix listing could pressure Sandisk’s valuation premium, but this appears secondary to today’s bullish analyst actions. SK Hynix’s Potential Listing Will Crumble Sandisk’s Premium

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,642.00 on Tuesday. The business’s 50 day simple moving average is $1,195.40 and its two-hundred day simple moving average is $708.69. The firm has a market cap of $243.16 billion, a P/E ratio of 57.07 and a beta of 4.88. Sandisk Corporation has a 52-week low of $39.44 and a 52-week high of $1,861.00.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.17 by $9.24. The business 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%.The firm’s revenue was up 251.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

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.