Mufg Securities Americas Inc. Takes $890,000 Position in Sandisk Corporation $SNDK

Mufg Securities Americas Inc. bought a new stake in Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 3,751 shares of the data storage provider’s stock, valued at approximately $890,000.

A number of other large investors also recently bought and sold shares of the stock. Larson Financial Group LLC lifted its position in shares of Sandisk by 20.2% during the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock worth $52,000 after purchasing an additional 37 shares in the last quarter. Composition Wealth LLC raised its holdings in Sandisk by 0.4% in the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after acquiring an additional 41 shares in the last quarter. Westfuller Advisors LLC raised its holdings in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Sandisk by 4.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,099 shares of the data storage provider’s stock valued at $261,000 after acquiring an additional 46 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Sandisk by 4.8% in the fourth quarter. IFP Advisors Inc now owns 1,042 shares of the data storage provider’s stock valued at $247,000 after acquiring an additional 48 shares in the last quarter.

Insider Buying and Selling at Sandisk

In related news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction dated 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 5,625 shares of company stock worth $8,913,497. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Melius Research set a $2,350.00 price objective on shares of Sandisk in a report on Monday, May 18th. Cantor Fitzgerald raised their target price on shares of Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Bank of America lifted their target price on Sandisk from $1,550.00 to $2,100.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Sanford C. Bernstein lifted their target price on Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Evercore reiterated an “outperform” rating and issued a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,580.67.

Sandisk Trading Up 6.5%

Shares of SNDK opened at $2,107.86 on Tuesday. The stock has a market cap of $312.15 billion, a P/E ratio of 73.27 and a beta of 4.88. The company has a 50-day moving average of $1,316.23 and a two-hundred day moving average of $766.22. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,119.90.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The company had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s revenue was up 251.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts forecast that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

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.