Ma Investment Partnership LP Makes New Investment in Sandisk Corporation $SNDK

Ma Investment Partnership LP purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 100,000 shares of the data storage provider’s stock, valued at approximately $227,373,000. Sandisk makes up approximately 40.5% of Ma Investment Partnership LP’s portfolio, making the stock its largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of SNDK. Osaic Holdings Inc. acquired a new stake in shares of Sandisk during the 2nd quarter valued at $317,000. Merit Financial Group LLC acquired a new position in shares of Sandisk in the 3rd quarter worth $408,000. Dimensional Fund Advisors LP acquired a new position in shares of Sandisk in the 3rd quarter worth $100,080,000. First Trust Advisors LP acquired a new stake in shares of Sandisk during the third quarter worth $9,788,000. Finally, Blair William & Co. IL acquired a new stake in shares of Sandisk during the third quarter worth $591,000.

Insider Transactions at Sandisk

In related news, insider Bernard Shek sold 600 shares of the business’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 transaction, the insider directly owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 company’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,800 shares of company stock worth $6,504,856 in the last quarter. 0.21% of the stock is owned by corporate insiders.

Sandisk Stock Up 1.3%

Shares of Sandisk stock opened at $1,499.37 on Thursday. The stock has a market cap of $219.54 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 0.15 and a beta of 5.20. The business has a fifty day simple moving average of $1,623.86 and a 200-day simple moving average of $1,242.46. Sandisk Corporation has a 12 month low of $47.40 and a 12 month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. The firm 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 firm’s quarterly revenue was up 371.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts expect that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its board has authorized a share buyback program on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization authorizes 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 management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SNDK. New Street Research set a $3,000.00 price target on Sandisk in a research report on Thursday, August 6th. The Goldman Sachs Group restated a “buy” rating and set a $2,200.00 price objective on shares of Sandisk in a report on Thursday, August 13th. Wells Fargo & Company upped their price objective on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Melius Research set a $2,350.00 target price on shares of Sandisk in a report on Monday, May 18th. Finally, Argus raised shares of Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $1,998.14.

More Sandisk News

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

Sandisk 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.