New Mexico Educational Retirement Board Raises Position in Sandisk Corporation $SNDK

Posted by Brenda Bartman on Aug 29th, 2026

New Mexico Educational Retirement Board boosted its holdings in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 15.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,400 shares of the data storage provider’s stock after buying an additional 1,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Sandisk were worth $16,826,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Valley Wealth Managers Inc. bought a new position in Sandisk in the 1st quarter worth about $25,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk during the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk during the 4th quarter valued at about $27,000. IMG Wealth Management Inc. purchased a new position in shares of Sandisk during the first quarter worth about $29,000. Finally, Dunhill Financial LLC purchased a new position in shares of Sandisk during the second quarter worth about $30,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Major Japan investment supports long-term growth: Sandisk and Kioxia plan to invest more than $31 billion in Japan through 2032, subject to government support, to expand flash-memory production. The spending is intended to address tight supply caused by accelerating AI and data-center demand, while strengthening Sandisk’s long-standing joint venture with Kioxia. Kioxia and Sandisk to Invest Over $31 Billion in Japan
Positive Sentiment: AI demand remains a powerful industry tailwind: Nvidia’s strong quarterly results and outlook reinforced expectations for sustained spending on AI infrastructure, potentially lifting demand for Sandisk’s NAND flash and enterprise solid-state drives. Analysts also point to pricing strength, constrained supply and multiyear agreements as drivers of near-term growth. Memory and Storage Giants to Gain Amid Nvidia’s Results
Positive Sentiment: Recent operating performance provides support: Sandisk’s latest quarterly results exceeded expectations, with earnings per share of $39.25 versus the $33.28 consensus and revenue up 371.6% year over year. Its guidance for fiscal 2027 also reflects continued confidence in demand.
Neutral Sentiment: Long-term opportunity is substantial but execution-dependent: Comparisons with Nvidia’s earlier AI-driven growth phase highlight Sandisk’s data-center potential, but the stock has already gained dramatically, increasing sensitivity to earnings expectations and future supply-demand conditions. Has Sandisk Already Had Its Nvidia Moment?
Negative Sentiment: Profit-taking is weighing on memory stocks: Investors have been locking in gains after the sector’s sharp rally, causing Sandisk and peers to move lower even after Nvidia’s favorable report. Why Is Sandisk Stock Up on Friday?
Negative Sentiment: Valuation and policy risks remain concerns: Analysts have flagged the elevated valuation following Sandisk’s extraordinary run, while possible U.S. trade or export-policy changes could create uncertainty for semiconductor suppliers. Mizuho has also lowered its expectations for the stock. Why Memory Stocks Are Sliding

Sandisk Stock Performance

SNDK stock opened at $1,484.98 on Friday. The company has a market capitalization of $217.43 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 0.15 and a beta of 5.20. Sandisk Corporation has a one year low of $50.07 and a one year high of $2,354.39. The company’s 50 day moving average price is $1,595.87 and its two-hundred day moving average price is $1,250.36.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm had revenue of $8.96 billion during the quarter. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, research analysts predict that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in 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 often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the sale, the insider directly owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This represents a 1.90% 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. In the last quarter, insiders sold 3,800 shares of company stock worth $6,504,856. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SNDK has been the topic of several research analyst reports. Royal Bank Of Canada upped their price objective on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. New Street Research set a $3,000.00 target price on shares of Sandisk in a research report on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $2,200.00 price target on shares of Sandisk in a research note on Thursday, August 13th. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Sandisk in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $1,998.14.

Get Our Latest Analysis on SNDK

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.