Mitsubishi UFJ Asset Management Co. Ltd. Takes $477.46 Million Position in Sandisk Corporation $SNDK

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 209,990 shares of the data storage provider’s stock, valued at approximately $477,461,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. bought a new position in Sandisk in the first quarter worth $25,000. Whittier Trust Co. bought a new stake in shares of Sandisk during the 4th quarter valued at $26,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk during the 4th quarter valued at $26,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk during the 4th quarter valued at $27,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Sandisk in the 1st quarter worth about $29,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SNDK. Melius Research set a $2,350.00 price target on shares of Sandisk in a research note on Monday, May 18th. Susquehanna cut their price objective on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a report on Thursday, July 23rd. Morgan Stanley upped their price objective on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. 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, Weiss Ratings lowered shares of Sandisk from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $1,999.27.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Investor Day highlighted substantial future demand. SanDisk reported a $93.9 billion customer backlog and outlined projections for strong revenue growth through 2030. Management also indicated that long-term contracts provide multiyear volume and pricing visibility, helping support the view that AI-driven storage demand could be more durable than prior memory cycles. SanDisk’s Analyst Day Just Strengthened Micron’s $1,550 Bull Case
• Positive Sentiment: AI memory demand fueled a sector-wide rally. Comments from Elon Musk about the growing memory and storage requirements of agentic AI, along with reports that Washington is encouraging Apple to move away from Chinese DRAM suppliers, boosted SanDisk and other memory-chip companies. The potential shift toward U.S. suppliers strengthened the near-term industry narrative. Elon Musk Just Uttered 3 Massively Bullish Words for Micron, Sandisk, and SK Hynix
• Positive Sentiment: Analysts continued to endorse the outlook. Bernstein described SanDisk’s high-bandwidth flash as potentially a “game changer” for AI, while Wedbush reiterated its Outperform rating and JPMorgan initiated coverage. Investors were also encouraged by management’s plans to significantly increase capital returns to shareholders. Bernstein Analyst Calls SanDisk’s High Bandwidth Flash a Game Changer for AI
• Neutral Sentiment: Hedge-fund positioning was mixed. Appaloosa Management sold its SanDisk position in the second quarter while reallocating toward larger AI companies. The move may signal profit-taking after the stock’s dramatic year-to-date rally, but it does not necessarily challenge SanDisk’s operating fundamentals. David Tepper Cuts Micron Stake, Exits SanDisk
• Negative Sentiment: Valuation and margin durability remain concerns. Critics argue that the current valuation assumes unusually strong pricing and margins will persist, despite much of recent growth being price-driven rather than volume-driven. A normalization in flash-memory pricing, stronger yen, or weaker AI spending could create significant downside. SanDisk: Every Bounce Looks Like a Trap

Insider Activity at Sandisk

In related news, insider Bernard Shek sold 600 shares of the firm’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 completion of the sale, the insider owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’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 owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,800 shares of company stock worth $6,504,856. Insiders own 0.21% of the company’s stock.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,786.85 on Tuesday. Sandisk Corporation has a 1-year low of $43.20 and a 1-year high of $2,354.39. The business has a fifty day moving average price of $1,670.76 and a 200-day moving average price of $1,195.28. The company has a market capitalization of $264.61 billion, a PE ratio of 24.51, a PEG ratio of 0.16 and a beta of 5.21.

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

Sandisk announced that its board has approved a share buyback program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management 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.