Caisse de depot et placement du Quebec Takes $136.42 Million Position in Sandisk Corporation $SNDK

Caisse de depot et placement du Quebec purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 60,000 shares of the data storage provider’s stock, valued at approximately $136,424,000.

A number of other institutional investors also recently bought and sold shares of SNDK. Dunhill Financial LLC bought a new stake in Sandisk during the 2nd quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Sandisk in the 2nd quarter worth approximately $32,000. Kilter Group LLC purchased a new position in shares of Sandisk in the 2nd quarter valued at approximately $32,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Sandisk in the 2nd quarter valued at approximately $34,000. Finally, Ramsey Quantitative Systems bought a new stake in shares of Sandisk during the second quarter valued at approximately $50,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI and NAND-cycle optimism: Investor sentiment improved after reports that demand for AI infrastructure is boosting high-capacity storage, while tighter NAND supply could support pricing and margins. This has helped Sandisk maintain strong momentum after its sharp one-year advance. SanDisk Stock Climbs As NAND Optimism Lifts Memory Stocks
• Positive Sentiment: Capital-return plans attract attention: Jim Cramer highlighted Sandisk’s substantial share-buyback plans, which may support earnings per share and signal management confidence following the stock’s surge. Jim Cramer Highlights Sandisk’s Massive Buybacks
• Positive Sentiment: Wall Street remains constructive: Mizuho reduced its price target modestly to $1,875 but retained an “outperform” rating, implying considerable upside from the reference price. Other recent commentary also points to Sandisk’s momentum and potential margin expansion. Why Sandisk Is a Strong Momentum Stock
• Neutral Sentiment: Volatile sector trading: Sandisk and other memory stocks rebounded after a broad sell-off, but the group also faced renewed pre-market weakness as investors reassessed valuation and near-term memory pricing. The mixed trading indicates that sentiment remains highly sensitive to sector news. Memory Stocks Rebound After Sell-Off
• Negative Sentiment: Chinese competition is a longer-term risk: Yangtze Memory Technologies is targeting greater NAND market share by 2027, potentially increasing pricing pressure and challenging established suppliers such as Sandisk. YMTC Targets NAND Dominance

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SNDK shares. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. UBS Group reissued an “overweight” rating and set a $1,750.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Evercore restated an “outperform” rating on shares of Sandisk in a report on Thursday, August 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Finally, Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $1,998.14.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over 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.

Sandisk Stock Up 1.3%

Sandisk stock opened at $1,499.37 on Thursday. Sandisk Corporation has a twelve month low of $47.40 and a twelve month high of $2,354.39. The company has a market capitalization of $219.54 billion, a P/E ratio of 20.57, a PEG ratio of 0.15 and a beta of 5.20. The stock’s 50 day moving average is $1,623.86 and its 200 day moving average is $1,242.46.

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. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The business had revenue of $8.96 billion during the quarter. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts expect that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in 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 a sign that the company’s board believes its shares are undervalued.

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.