Sandisk (NASDAQ:SNDK) Upgraded to Hold at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Sandisk (NASDAQ:SNDK) to a hold rating in a research report released on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. began coverage on shares of Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 target price for the company. Bank of America lifted their price target on shares of Sandisk from $300.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Wedbush upped their price target on Sandisk from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, China Renaissance assumed coverage on Sandisk in a research report on Friday, December 5th. They set a “buy” rating and a $322.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $316.84.

Sandisk Stock Up 4.0%

SNDK opened at $425.79 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. Sandisk has a 12 month low of $27.89 and a 12 month high of $425.79. The stock has a market capitalization of $62.40 billion and a P/E ratio of 1,330.59. The business has a 50 day simple moving average of $256.04 and a 200-day simple moving average of $144.99.

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

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Sandisk during the 3rd quarter valued at $27,000. CVA Family Office LLC purchased a new stake in shares of Sandisk during the third quarter worth about $28,000. Parallel Advisors LLC acquired a new position in shares of Sandisk in the third quarter worth about $30,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Sandisk in the third quarter worth about $32,000. Finally, Covestor Ltd purchased a new position in Sandisk in the third quarter valued at about $37,000.

About Sandisk

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.