Public Employees Retirement System of Ohio Makes New $127.61 Million Investment in Sandisk Corporation $SNDK

Public Employees Retirement System of Ohio bought a new position in Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 56,125 shares of the data storage provider’s stock, valued at approximately $127,613,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dogwood Wealth Management LLC grew its position in Sandisk by 14.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after purchasing an additional 6 shares in the last quarter. Castle Rock Wealth Management LLC increased its stake in Sandisk by 2.4% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock valued at $969,000 after buying an additional 10 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of Sandisk by 1.6% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 772 shares of the data storage provider’s stock worth $1,755,000 after buying an additional 12 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Sandisk by 12.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after buying an additional 13 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Sandisk by 2.5% in the 2nd quarter. Versant Capital Management Inc now owns 527 shares of the data storage provider’s stock worth $1,198,000 after buying an additional 13 shares during the last quarter.

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

Insider Activity at Sandisk

In related news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,800 shares of company stock worth $6,504,856. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

SNDK has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $2,200.00 target price on shares of Sandisk in a report on Thursday, August 13th. Bank of America boosted their price objective on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Susquehanna reduced their price objective on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a research note on Thursday, July 23rd. Citigroup decreased their target price on Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Sandisk in a research note 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $1,998.14.

Sandisk Stock Performance

SNDK stock opened at $1,484.95 on Friday. The company has a market capitalization of $217.43 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 0.15 and a beta of 5.20. Sandisk Corporation has a fifty-two week low of $48.56 and a fifty-two week high of $2,354.39. The stock has a fifty day moving average of $1,609.87 and a 200-day moving average of $1,248.71.

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

Sandisk declared that its board has authorized a share buyback 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 buy up to 6.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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.