Meeder Asset Management Inc. Makes New Investment in Sandisk Corporation $SNDK

Meeder Asset Management Inc. purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, HoldingsChannel reports. The fund purchased 986 shares of the data storage provider’s stock, valued at approximately $626,000.

A number of other institutional investors have also modified their holdings of SNDK. State Street Corp purchased a new position in shares of Sandisk in the 3rd quarter worth approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk during the 3rd quarter worth approximately $297,293,000. Norges Bank purchased a new stake in Sandisk during the fourth quarter valued at approximately $518,889,000. Bank of America Corp DE purchased a new stake in Sandisk during the third quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC acquired a new stake in Sandisk in the third quarter valued at approximately $163,057,000.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The stock was 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 directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 6,225 shares of company stock valued at $10,166,297 in the last quarter. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

SNDK has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Zacks Research cut Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold 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 $1,803.29.

Sandisk Trading Up 2.7%

NASDAQ:SNDK opened at $1,390.95 on Tuesday. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The company has a market cap of $205.99 billion, a PE ratio of 48.35 and a beta of 4.74. The company’s 50 day moving average is $1,743.12 and its two-hundred day moving average is $1,056.26.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion during the quarter. During the same period in the prior year, the business posted ($0.30) EPS. The company’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts expect that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory and semiconductor stocks are rebounding sharply in Monday trading, lifting Sandisk along with peers as investors regain confidence after the recent selloff. Micron Jumps 5%, SanDisk Rises 6%, Western Digital Climbs 4% as Memory Stocks Rebound With Chips
• Positive Sentiment: Investors are viewing the memory-stock pullback as a strong entry point, which is encouraging dip-buying in SanDisk and other chip names. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In.
• Positive Sentiment: Morgan Stanley reportedly flagged several semiconductor and AI infrastructure stocks as attractive after the memory-equity selloff, supporting a broader rebound in the group. Banking giant names 7 stocks to buy after memory equities sell-off
• Positive Sentiment: Recent commentary remains constructive on Sandisk’s earnings power, citing strong revenue growth, higher margins, and its position in AI storage demand. Sandisk: The Math Supporting A Rare Opportunity
• Positive Sentiment: Additional bullish coverage says Sandisk remains attractive despite its big 2026 run, pointing to ongoing memory-chip shortage conditions. Sandisk: Even After a 580% Rise in 2026, It’s Still a Screaming Buy (NASDAQ: SNDK)

About Sandisk

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.