Ma Investment Partnership LP Invests $227.37 Million in Sandisk Corporation $SNDK

Ma Investment Partnership LP acquired a new position in Sandisk Corporation (NASDAQ:SNDK - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 100,000 shares of the data storage provider's stock, valued at approximately $227,373,000. Sandisk accounts for approximately 40.5% of Ma Investment Partnership LP's portfolio, making the stock its largest holding. Ma Investment Partnership LP owned approximately 0.07% of Sandisk at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. bought a new stake in Sandisk in the 2nd quarter valued at about $317,000. Merit Financial Group LLC bought a new position in Sandisk in the 3rd quarter worth about $408,000. Dimensional Fund Advisors LP acquired a new stake in shares of Sandisk in the third quarter valued at approximately $100,080,000. First Trust Advisors LP acquired a new stake in shares of Sandisk in the third quarter valued at approximately $9,788,000. Finally, Blair William & Co. IL bought a new stake in shares of Sandisk during the third quarter valued at approximately $591,000.

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 Ratings Changes

Several equities analysts have recently issued reports on SNDK shares. The Goldman Sachs Group reiterated a "buy" rating and set a $2,200.00 price objective on shares of Sandisk in a research report on Thursday, August 13th. Royal Bank Of Canada lifted their target price on Sandisk from $1,300.00 to $1,600.00 and gave the company a "sector perform" rating in a research note on Friday, August 14th. Susquehanna reduced their price target on Sandisk from $3,250.00 to $3,050.00 and set a "positive" rating for the company in a research report on Thursday, July 23rd. JPMorgan Chase & Co. began coverage on Sandisk in a research note on Friday, August 14th. They issued an "overweight" rating and a $2,250.00 price target for the company. Finally, Evercore reissued an "outperform" rating on shares of Sandisk in a report on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $1,998.14.

Sandisk Price Performance

Sandisk stock opened at $1,499.37 on Thursday. Sandisk Corporation has a 12-month low of $47.40 and a 12-month high of $2,354.39. The stock has a market capitalization of $219.54 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 0.15 and a beta of 5.20. The firm has a 50 day simple moving average of $1,623.86 and a 200-day simple moving average of $1,242.46.

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

Sandisk declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president owned 52,677 shares of the company's stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bernard Shek sold 600 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the sale, the insider owned 30,915 shares of the company's stock, valued at approximately $35,928,176.40. This trade represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,800 shares of company stock worth $6,504,856. 0.21% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source