Maryland State Retirement & Pension System Invests $2.96 Million in Sandisk Corporation $SNDK

Maryland State Retirement & Pension System acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 26,399 shares of the data storage provider’s stock, valued at approximately $2,962,000.

Other large investors also recently bought and sold shares of the company. Cromwell Holdings LLC purchased a new stake in Sandisk during the third quarter worth $39,000. True Wealth Design LLC bought a new position in shares of Sandisk in the 3rd quarter worth $40,000. Webster Bank N. A. purchased a new stake in shares of Sandisk during the 3rd quarter worth $45,000. Global Retirement Partners LLC bought a new stake in Sandisk during the third quarter valued at about $49,000. Finally, Mather Group LLC. purchased a new position in Sandisk in the third quarter valued at about $60,000.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup reissued a “buy” rating on shares of Sandisk in a research report on Tuesday. Bank of America boosted their price objective on shares of Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. China Renaissance began coverage on shares of Sandisk in a research note on Friday, December 5th. They issued a “buy” rating and a $322.00 target price for the company. Mizuho lifted their price target on shares of Sandisk from $250.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Finally, UBS Group set a $580.00 price objective on Sandisk in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $316.84.

Insider Buying and Selling

In related news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Price Performance

NASDAQ SNDK opened at $413.62 on Tuesday. The company has a market cap of $60.62 billion and a price-to-earnings ratio of 1,292.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. The stock’s fifty day moving average price is $262.44 and its 200 day moving average price is $151.56. Sandisk Corporation has a 1 year low of $27.89 and a 1 year high of $432.02.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. The company’s revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

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.