Mitsubishi UFJ Trust & Banking Corp Takes Position in Sandisk Corporation $SNDK

Key Points

• Large institutions like Vanguard, State Street, Arrowstreet, Bank of America and AQR built sizable positions in Sandisk during Q3 (ranging from roughly $163M to $1.97B), while Mitsubishi UFJ Trust & Banking reported a much smaller new Q4 stake of 1,202 shares valued at about $285,000.
• Sandisk posted a blowout quarter—$23.41 EPS vs. $14.17 estimate and revenue up 251%; management also locked roughly $42 billion in long‑term AI supply deals—while analysts have ratcheted up targets, leaving a consensus rating of Moderate Buy with an average price target of $1,065.81 as the stock trades near its 52‑week high (~$1,410).

Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,202 shares of the data storage provider's stock, valued at approximately $285,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. bought a new position in shares of Sandisk during the third quarter valued at $1,970,388,000. State Street Corp bought a new position in shares of Sandisk during the third quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in Sandisk in the 3rd quarter worth about $297,293,000. Bank of America Corp DE bought a new stake in Sandisk in the 3rd quarter worth about $190,425,000. Finally, AQR Capital Management LLC bought a new stake in Sandisk in the 3rd quarter worth about $163,057,000.

Analysts Set New Price Targets

SNDK has been the subject of several research analyst reports. Raymond James Financial reiterated an "outperform" rating and issued a $1,470.00 price objective on shares of Sandisk in a report on Friday, May 1st. Wedbush lifted their price objective on Sandisk from $740.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. KGI Securities initiated coverage on Sandisk in a report on Wednesday, March 18th. They issued an "outperform" rating and a $992.00 price objective for the company. The Goldman Sachs Group reiterated a "buy" rating and issued a $1,200.00 price objective on shares of Sandisk in a report on Friday, May 1st. Finally, Arete Research upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sandisk has a consensus rating of "Moderate Buy" and an average price target of $1,065.81.

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,409.98 on Thursday. The stock has a market capitalization of $208.80 billion, a price-to-earnings ratio of 49.01 and a beta of 4.82. The stock's 50-day simple moving average is $783.16 and its two-hundred day simple moving average is $492.15. Sandisk Corporation has a 52-week low of $33.13 and a 52-week high of $1,439.70.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.17 by $9.24. The business had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company's revenue for the quarter was up 251.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts forecast that Sandisk Corporation will post 50.53 earnings per share for the current fiscal year.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk announced or locked in roughly $42 billion in long‑term AI supply deals, underpinning revenue visibility and supporting outsized gross margins — a major catalyst behind the recent runup. SanDisk Surges 10% After Locking In $42B
• Positive Sentiment: Company fundamentals look strong: recent quarterly results showed large revenue/margin beats and management set aggressive EPS guidance, giving investors confidence in near‑term profitability. Sandisk Put A Collar On It, For Now
• Positive Sentiment: Analysts have been raising price targets on AI/memory names including SanDisk as chip shortages and AI demand lift near‑term earnings expectations — a technical tailwind for the stock. Analyst Price Target Raises
• Positive Sentiment: Media/celebrity endorsement (Jim Cramer) and broad memory‑stock momentum have amplified buying interest, contributing to recent record highs and heightened retail/institutional attention. Jim Cramer on Sandisk
• Neutral Sentiment: Outlook pieces and target timelines (e.g., $1,700 target estimates) keep bullish expectations in the story, but they are projections that depend on sustained AI demand and supply tightness. Top Analyst $1,700 Timing
• Negative Sentiment: Options market activity signals elevated downside hedging: implied volatility is very high (~107%) and the put‑call skew (put‑call ratio ~1.42) plus heavy put open interest indicate traders are positioning for a pullback — a short‑term risk to the rally. Options Market Pricing a Big Selloff
• Negative Sentiment: While NBMs (long‑term contracts) boost revenue visibility, they also limit upside from further spot price rallies; additionally, early signs of NAND price normalization could reduce margin expansion vs. recent quarters. Still Time to Pay Up?

Insider Transactions at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the firm's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares of the company's stock, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company's stock.

Sandisk 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.

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