Key facts
- Meta's Class A holders receive a one-for-one Class C non-voting stock dividend after the January 19 effective date.
- Sandisk's board approved an 8-for-1 forward split, its first since the February 2025 spin-off from Western Digital.
- Sandisk said the split aims to make shares more accessible to retail investors and employees.
- Sandisk's gross margin reached 85%, and its 2027 projected earnings per share rose from under $10 to nearly $228 over 14 months, per the report.
- Meta shares were quoted at $630.00 at 4:00 PM ET on November 4, up 1.44%.
- Sandisk shares were quoted at $1,037.40 at 4:00 PM ET on November 4, down 7.91%.
Meta Platforms and Sandisk each announced their first-ever forward stock splits within eight days of one another, according to a report published by The Motley Fool on November 5. A stock split changes a company's share price and share count by the same factor without altering its market capitalization or operating performance.
Meta disclosed the creation of a new Class C non-voting share class in its October 21 quarterly report. Current Class A holders receive a one-for-one Class C stock dividend after the January 19 effective date, which the report described as effectively a 2-for-1 split of the Class A shares. Meta was the last member of the "Magnificent Seven" group of large technology companies to split its stock, the report said. Meta shares were quoted at $630.00 at 4:00 PM ET on November 4, up 1.44%.
Sandisk, a NAND flash storage specialist spun off from Western Digital in February 2025, said in its fiscal first-quarter report that its board approved an 8-for-1 forward split effective after the close of trading on November 19. The company said the split is designed to make its shares more accessible to retail investors and employees. Sandisk shares were quoted at $1,037.40 at 4:00 PM ET on November 4, down 7.91%.
The report attributed Sandisk's split to demand for memory and storage in AI data centers and said the company's gross margin reached 85%. It said Sandisk's 2027 projected earnings per share rose from less than $10 to nearly $228 over 14 months, and noted that memory and storage products are highly cyclical.