Mufg Securities Americas Inc. Buys 377 Shares of Sandisk Corporation $SNDK

Mufg Securities Americas Inc. increased its stake in Sandisk Corporation (NASDAQ:SNDK) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,461 shares of the data storage provider’s stock after buying an additional 377 shares during the period. Mufg Securities Americas Inc.’s holdings in Sandisk were worth $10,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in Sandisk by 1,151.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,151 shares of the data storage provider’s stock valued at $2,617,000 after buying an additional 1,059 shares in the last quarter. Nissay Asset Management Corp Japan grew its stake in shares of Sandisk by 4,206.6% in the second quarter. Nissay Asset Management Corp Japan now owns 24,763 shares of the data storage provider’s stock worth $56,304,000 after acquiring an additional 24,188 shares during the last quarter. Navellier & Associates Inc. grew its stake in shares of Sandisk by 41.4% in the second quarter. Navellier & Associates Inc. now owns 1,363 shares of the data storage provider’s stock worth $3,099,000 after acquiring an additional 399 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Sandisk by 9.8% in the second quarter. Hsbc Holdings PLC now owns 220,574 shares of the data storage provider’s stock worth $498,377,000 after acquiring an additional 19,760 shares during the last quarter. Finally, Tandem Capital Management Corp ADV bought a new position in shares of Sandisk during the second quarter valued at $296,000.

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 transaction of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the transaction, the insider directly owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% 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. Over the last quarter, insiders have sold 3,800 shares of company stock valued at $6,504,856. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SNDK shares. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Sanford C. Bernstein restated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Susquehanna decreased their target price on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a report on Thursday, July 23rd. Wells Fargo & Company upped their target price on shares of Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Finally, Evercore reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $1,998.14.

Sandisk Stock Up 0.0%

Shares of NASDAQ SNDK opened at $1,484.98 on Friday. The firm’s 50-day moving average price is $1,595.87 and its 200-day moving average price is $1,250.36. Sandisk Corporation has a 52-week low of $50.07 and a 52-week high of $2,354.39. The company has a market cap of $217.43 billion, a PE ratio of 20.37, a PEG ratio of 0.15 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. The firm had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm’s revenue for the quarter was up 371.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities research analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

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

Trending Headlines about 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 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.