Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Buys New Stake in Sandisk Corporation $SNDK

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 518 shares of the data storage provider’s stock, valued at approximately $329,000. Sandisk makes up about 0.8% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s holdings, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNDK. Capstone Capital Management Ltd purchased a new position in Sandisk in the first quarter valued at $3,978,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Sandisk by 6.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,901 shares of the data storage provider’s stock worth $10,738,000 after acquiring an additional 1,001 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of Sandisk during the 1st quarter worth about $1,107,000. Richmond Investment Services LLC acquired a new stake in shares of Sandisk during the 1st quarter valued at about $229,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Sandisk during the 1st quarter valued at about $525,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,500 from $2,100 and reiterated a Buy rating, citing a continuing supply-demand imbalance in the NAND market that could support pricing and earnings. Sandisk (SNDK): Among the Most Profitable Cheap Stocks to Invest In
• Positive Sentiment: Several recent articles argue the selloff may be an opportunity, highlighting Sandisk’s strong revenue growth, upbeat guidance, and continued AI/data-center demand for memory chips. Sandisk: I’m Catching The Falling Knife; Here’s How
• Positive Sentiment: Commentary from analysts and market watchers says Wall Street remains highly bullish on Sandisk’s long-term outlook despite near-term volatility, with some noting the stock’s momentum and large year-to-date gains. Sandisk Stock Tumbles in Tech Sell-Off, but Wall Street Sees More Upside
• Neutral Sentiment: Sandisk has been discussed as a standout momentum and “best stock to buy” candidate for the second half of 2026, reflecting strong investor interest but not a clear new fundamental catalyst. Is Sandisk Corporation (NASDAQ:SNDK) Among the Best Stocks to Buy for the Second Half of 2026?
• Negative Sentiment: The main drag today appears to be a broad memory-sector reset, with Sandisk falling alongside Micron and Western Digital as investors worry the AI memory boom may be cooling and that supply could eventually catch up with demand. Memory Stock Sell-Off: Is This the Time to Buy Micron Technology and Sandisk Like There’s No Tomorrow?
• Negative Sentiment: Citi Wealth noted that China’s domestic memory industry is gaining recognition, which could pressure incumbents like Sandisk and squeeze future profits. SanDisk and Micron Risk Profit Squeeze from Chinese Memory Threat

Sandisk Trading Up 6.8%

Shares of Sandisk stock opened at $1,727.18 on Thursday. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The firm has a market capitalization of $255.78 billion, a PE ratio of 60.03 and a beta of 4.74. The firm’s 50-day moving average price is $1,692.15 and its 200 day moving average price is $978.66.

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

Wall Street Analyst Weigh In

SNDK has been the subject of a number of analyst reports. Cantor Fitzgerald upped their price target on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. Mizuho boosted their price objective on Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. UBS Group set a $1,700.00 target price on Sandisk in a research note on Monday, May 4th. Finally, Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $1,684.24.

Insider Transactions at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 6,225 shares of company stock valued at $10,166,297. Insiders own 0.21% of the company’s stock.

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.