520 Shares in Sandisk Corporation $SNDK Purchased by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 520 shares of the data storage provider’s stock, valued at approximately $1,182,000.

Several other large investors have also recently bought and sold shares of SNDK. Valley Wealth Managers Inc. acquired a new stake in shares of Sandisk in the 1st quarter worth approximately $25,000. Greenline Wealth Management LLC acquired a new position in shares of Sandisk during the fourth quarter valued at approximately $26,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the fourth quarter worth approximately $27,000. IMG Wealth Management Inc. bought a new stake in Sandisk during the first quarter worth approximately $29,000. Finally, Dunhill Financial LLC acquired a new stake in Sandisk in the second quarter worth approximately $30,000.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on SNDK shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sandisk in a research note on Thursday, August 6th. Evercore reissued an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Wedbush restated an “outperform” rating and issued a $2,000.00 price objective on shares of Sandisk in a report on Friday, August 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2,900.00 target price on shares of Sandisk in a research note on Monday, August 10th. Finally, Morgan Stanley lifted their target price on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sandisk presently has a consensus rating of “Buy” and a consensus price target of $1,998.14.

Sandisk Stock Performance

Sandisk stock opened at $1,484.98 on Friday. The firm has a market cap of $217.43 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.15 and a beta of 5.20. Sandisk Corporation has a 1 year low of $50.07 and a 1 year high of $2,354.39. The firm’s 50 day moving average price is $1,595.87 and its two-hundred day moving average price is $1,250.36.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data 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. The company had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.Sandisk’s revenue was up 371.6% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts predict that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its board has authorized a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bernard Shek sold 600 shares of the company’s 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 sale, the insider directly owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,800 shares of company stock worth $6,504,856 over the last ninety days. 0.21% of the stock is owned by insiders.

Sandisk Company 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.