Mitsubishi UFJ Asset Management Co. Ltd. Buys 189,323 Shares of Sandisk Corporation $SNDK

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Sandisk Corporation (NASDAQ:SNDK) by 78,232.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,565 shares of the data storage provider’s stock after purchasing an additional 189,323 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Sandisk were worth $44,999,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SNDK. Whittier Trust Co. bought a new position in shares of Sandisk in the fourth quarter worth approximately $26,000. Chung Wu Investment Group LLC purchased a new stake in Sandisk in the fourth quarter worth approximately $27,000. CVA Family Office LLC purchased a new stake in Sandisk in the third quarter worth approximately $28,000. Westfuller Advisors LLC boosted its stake in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after buying an additional 43 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new stake in Sandisk in the third quarter worth approximately $30,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Shares are benefiting from the broad AI memory supercycle trade, as investors rotate into SanDisk and Micron on expectations that AI data-center demand will keep memory supply tight and pricing strong. SanDisk Did In Months What Nvidia Took 9 Years To Pull Off — And The Chart Looks Almost Unreal
• Positive Sentiment: Wall Street sentiment remains bullish after Cantor Fitzgerald raised its price target on SanDisk to $1,800 and Goldman Sachs lifted its target to $1,200, reinforcing the view that the stock still has room to run after its strong earnings beat and raised outlook. Why Sandisk Corporation (SNDK) is One of the Top Stock Giants That Were Suddenly On Fire in April Goldman Sachs Raises its Price Target on SanDisk (SNDK) to $1,200
• Positive Sentiment: Analyst chatter and media coverage are increasingly framing SanDisk as a leading beneficiary of AI infrastructure spending, including reports that the company has locked in major AI-related deals and could still nearly double from current levels if the memory boom persists. SanDisk to $2,000: Why This Analyst Is Betting SNDK Stock Can Still Almost Double — And Putting Up the Highest Price Target on Wall Street SanDisk stock surges 10% after locking in $42 billion in AI deals
• Neutral Sentiment: Some commentary suggests the move is getting stretched after an enormous run, with options activity and short-interest concerns signaling that traders may be preparing for volatility even if the longer-term thesis remains intact. Sandisk: The Options Market Is Pricing A Big Selloff (Technical Analysis)
• Negative Sentiment: Near-term pullbacks have been tied to bubble concerns and short-selling pressure, with some investors warning the AI rally may be overheated even as others still see further upside. Why Is SanDisk Stock Falling On Thursday?

Insider Buying and Selling at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SNDK. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,200.00 target price on shares of Sandisk in a research note on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,100.00 target price on shares of Sandisk in a research note on Monday, April 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a research note on Friday, May 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $1,065.81.

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,562.34 on Friday. The firm has a market cap of $231.37 billion, a PE ratio of 54.30 and a beta of 4.82. Sandisk Corporation has a fifty-two week low of $35.79 and a fifty-two week high of $1,564.00. The business has a 50 day moving average price of $797.19 and a 200-day moving average price of $500.60.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period last year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts predict that Sandisk Corporation will post 63.93 EPS for the current year.

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.