Rakuten Securities Inc. Acquires New Holdings in Sandisk Corporation $SNDK

Rakuten Securities Inc. bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the third quarter, HoldingsChannel reports. The firm bought 1,950 shares of the data storage provider’s stock, valued at approximately $219,000.

A number of other large investors have also recently bought and sold shares of the stock. Osaic Holdings Inc. purchased a new stake in Sandisk in the 2nd quarter worth approximately $317,000. Corient Private Wealth LLC purchased a new stake in shares of Sandisk in the second quarter valued at $353,000. Praxis Investment Management Inc. purchased a new stake in shares of Sandisk in the third quarter valued at $533,000. GAMMA Investing LLC acquired a new position in Sandisk in the third quarter valued at $439,000. Finally, Voya Investment Management LLC purchased a new position in Sandisk during the third quarter worth about $8,917,000.

Sandisk Stock Up 5.5%

SNDK opened at $409.24 on Friday. Sandisk Corporation has a one year low of $27.89 and a one year high of $423.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. The stock’s fifty day moving average is $256.04 and its 200-day moving average is $144.99. The company has a market capitalization of $59.97 billion and a PE ratio of 1,278.88.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, beating the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.12 billion. Sandisk’s revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Analysts Set New Price Targets

SNDK has been the subject of a number of research reports. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. JPMorgan Chase & Co. started coverage on Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price target for the company. Barclays set a $385.00 price target on Sandisk in a report on Thursday. Benchmark boosted their target price on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Cantor Fitzgerald raised their price target on shares of Sandisk from $240.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $316.84.

Insiders Place Their Bets

In related news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

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.