Mutual of America Capital Management LLC Invests $1.74 Million in Sandisk Corporation $SNDK

Mutual of America Capital Management LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, Holdings Channel reports. The firm bought 15,462 shares of the data storage provider’s stock, valued at approximately $1,735,000.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC bought a new stake in Sandisk during the third quarter worth $28,000. Covestor Ltd acquired a new position in shares of Sandisk during the 3rd quarter worth about $37,000. Cromwell Holdings LLC acquired a new position in shares of Sandisk during the 3rd quarter worth about $39,000. True Wealth Design LLC bought a new stake in shares of Sandisk in the 3rd quarter valued at about $40,000. Finally, Webster Bank N. A. acquired a new stake in Sandisk in the 3rd quarter valued at about $45,000.

Sandisk Stock Performance

NASDAQ:SNDK opened at $665.24 on Tuesday. The stock has a 50 day simple moving average of $317.63 and a 200 day simple moving average of $184.96. The stock has a market cap of $97.49 billion and a P/E ratio of -87.65. Sandisk Corporation has a 1-year low of $27.89 and a 1-year high of $676.69. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. The business’s revenue was up 61.2% compared to the same quarter last year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. started coverage on Sandisk in a research report on Monday, December 8th. They set a “neutral” rating and a $235.00 price target on the stock. Cantor Fitzgerald boosted their target price on Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a report on Friday. China Renaissance began coverage on Sandisk in a research note on Friday, December 5th. They issued a “buy” rating and a $322.00 price target on the stock. Raymond James Financial raised Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price target for the company in a report on Friday. Finally, Susquehanna upped their price objective on shares of Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $542.85.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results and outlook beat expectations — SanDisk reported a strong quarter with revenue up sharply year-over-year and an earnings beat that investors are still digesting; the earnings momentum is the catalyst cited across outlets. SanDisk stocks rockets another 16% today
• Positive Sentiment: Major analyst price-target lifts and upgrades — Citigroup raised its target to $750 with a Buy rating, and other outlets report targets in the $690–$740 range, signaling Wall Street conviction that there’s more upside. Benzinga coverage of Citigroup price-target raise
• Positive Sentiment: Wall Street bullishness and big price targets — Several pieces highlight multi‑hundred percent gains since the spin‑off and some analysts projecting $1,000+ long-term targets, reinforcing momentum buying. Up 1,479%, Wall Street Sees Sandisk Hitting $1,000
• Positive Sentiment: Industry narrative: AI-driven NAND demand — Analysis pieces argue SanDisk is benefiting from structural NAND/AI demand, higher margins and strong unit economics versus cyclical peers, which supports a higher valuation multiple. Seeking Alpha: Smart money moving to Sandisk
• Neutral Sentiment: Momentum and retail-interest anecdotes — Coverage notes big individual gains (e.g., a publicized 54% return by a noted investor), which fuels retail interest but is anecdotal for fundamentals. TipRanks: Investor return anecdote
• Negative Sentiment: Sharp overbought/technical risk — Technical coverage flags the stock sitting hundreds of percent above its 200‑day moving average (reports cite ~380% above), which raises heightened short‑term pullback risk for momentum‑driven traders. Benzinga: 380% above 200-day average

Insider Buying and Selling

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the sale, the director owned 3,479 shares in the company, valued at $678,892.06. The trade was a 26.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

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.