56,125 Shares in Sandisk Corporation $SNDK Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,125 shares of the data storage provider’s stock, valued at approximately $127,613,000.

Several other large investors have also bought and sold shares of SNDK. Valley Wealth Managers Inc. acquired a new stake in shares of Sandisk in the first quarter valued at about $25,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk during the fourth quarter worth about $26,000. Chung Wu Investment Group LLC acquired a new position in shares of Sandisk in the fourth quarter worth approximately $27,000. IMG Wealth Management Inc. bought a new stake in Sandisk in the first quarter valued at approximately $29,000. Finally, Parallel Advisors LLC bought a new stake in Sandisk in the third quarter valued at approximately $30,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SNDK shares. Cantor Fitzgerald reissued an “overweight” rating and set a $2,900.00 target price on shares of Sandisk in a research report on Monday, August 10th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,470.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Mizuho decreased their price objective on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating for the company in a research report on Tuesday. Wedbush reissued an “outperform” rating and set a $2,000.00 target price on shares of Sandisk in a research note on Friday, August 14th. Finally, Argus upgraded shares of Sandisk from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $1,998.14.

Sandisk Stock Performance

SNDK stock opened at $1,484.95 on Friday. The stock’s 50 day simple moving average is $1,609.87 and its 200 day simple moving average is $1,248.71. Sandisk Corporation has a fifty-two week low of $48.56 and a fifty-two week high of $2,354.39. The company has a market cap of $217.43 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 0.15 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating 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 business had revenue of $8.96 billion during the quarter. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts predict that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the transaction, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their position. 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 three months, insiders have sold 3,800 shares of company stock valued at $6,504,856. 0.21% of the stock is currently owned by insiders.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk and Kioxia announced plans to invest more than $31 billion in Japanese memory-manufacturing infrastructure through 2032, contingent on government support. The spending should expand flash-memory capacity, reinforce their long-standing joint venture and strengthen Sandisk’s position in the AI-driven storage market. Kioxia and Sandisk investment announcement
• Positive Sentiment: Analyst commentary remains favorable, citing AI and cloud demand, firm memory pricing, supply constraints and multiyear customer agreements as drivers of stronger near-term growth. Zacks also identified Sandisk among storage-device companies benefiting from momentum in AI, data centers, automotive and IoT. Zacks Sandisk comparison
• Neutral Sentiment: Nvidia’s strong earnings and comments pointing to tight memory availability initially supported Sandisk and other memory stocks. However, the broader AI optimism has not translated into sustained buying as investors reassess company-specific risks and the stock’s elevated valuation.
• Negative Sentiment: A report that the Trump administration may consider additional restrictions affecting memory-chip exports has pressured the sector, raising concerns about Sandisk’s access to Chinese customers and potential disruption to industry trade flows. Memory stocks policy concerns
• Negative Sentiment: Investors are also watching growing NAND competition from China’s YMTC, which is targeting greater global market share by 2027. Increased supply could weaken pricing and margins over time. YMTC NAND competition
• Negative Sentiment: Mizuho lowered its expectations for Sandisk’s stock price, adding to the cautious tone after the shares’ substantial recent appreciation. Mizuho Sandisk price target report

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.