Canada Pension Plan Investment Board Purchases New Position in Sandisk Corporation $SNDK

Canada Pension Plan Investment Board purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 59,603 shares of the data storage provider’s stock, valued at approximately $135,521,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNDK. Valley Wealth Managers Inc. purchased a new stake in shares of Sandisk in the first quarter worth approximately $25,000. Greenline Wealth Management LLC bought a new stake in Sandisk during the fourth quarter worth $26,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the fourth quarter worth $27,000. IMG Wealth Management Inc. purchased a new stake in Sandisk in the 1st quarter valued at $29,000. Finally, Dunhill Financial LLC purchased a new stake in Sandisk in the 2nd quarter valued at $30,000.

Insider Activity

In related news, insider Bernard Shek sold 600 shares of the stock in a transaction dated 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 transaction, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,800 shares of company stock valued at $6,504,856. 0.21% of the stock is owned by company insiders.

Sandisk Trading Up 1.3%

SNDK stock opened at $1,499.37 on Thursday. The stock has a market cap of $219.54 billion, a P/E ratio of 20.57, a P/E/G ratio of 0.15 and a beta of 5.20. The stock’s fifty day simple moving average is $1,623.86 and its two-hundred day simple moving average is $1,242.46. Sandisk Corporation has a 1-year low of $47.40 and a 1-year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The firm had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk announced that its board has approved a share repurchase 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 buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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

Analyst Upgrades and Downgrades

SNDK has been the topic of a number of analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Royal Bank Of Canada raised their price target on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. Mizuho cut their price target on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, UBS Group reaffirmed an “overweight” rating and issued a $1,750.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,998.14.

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.