Shares of Sandisk Corporation (NASDAQ:SNDK – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $1,915.92, but opened at $1,792.86. Sandisk shares last traded at $1,754.8190, with a volume of 2,812,556 shares changing hands.
Key Sandisk News
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Wedbush and Evercore both turned more bullish on SanDisk (SNDK), with price targets lifted sharply ahead of the August 5 earnings report; analysts cited strong memory pricing, robust AI demand, and upside to revenue and earnings. Article: Wedbush Pounds the Table—Buy Sandisk Before August 5 Earnings
- Positive Sentiment: Several reports said memory stocks, including SanDisk, look attractive after the recent selloff because AI-driven demand remains strong and valuations have improved. Article: Why You Must Buy These 4 Memory Stocks After the Recent Sell-Off
- Positive Sentiment: SNDK was added to a Zacks Rank #1 momentum list and highlighted as a “buy the dip” name, reinforcing the idea that some investors see the pullback as a buying opportunity. Article: Best Momentum Stocks to Buy for July 13th
- Positive Sentiment: Commentary around AI inference and the storage market suggested SanDisk could remain a beneficiary of the AI memory supercycle, which supports the longer-term bullish narrative. Article: Sandisk: How It Wins From The AI Inference Trend
- Neutral Sentiment: Market commentary focused on whether the recent AI memory boom has more room to run, but these pieces were mainly discussion-oriented rather than new company-specific catalysts. Article: Price Prediction: From $40 to $2,000 in a Year. Where is SanDisk Headed Now?
- Negative Sentiment: SanDisk fell with other memory and semiconductor names after SK Hynix issued a weaker outlook, triggering worries that the AI memory trade may be cooling and pressuring the whole group. Article: Micron, SanDisk, Western Digital Fall 6% as SK Hynix’s Weak Outlook Rattles Memory Stocks
- Negative Sentiment: Broader market weakness and risk-off trading, including renewed geopolitical tension and tech-sector selling, added to the downward pressure on SNDK. Article: Why Is Sandisk Stock Falling Monday?
- Negative Sentiment: Some headlines noted that SanDisk has dropped sharply over the past two weeks, suggesting traders are taking profits after an enormous year-to-date rally. Article: SanDisk drops 20% in two weeks: What’s next for the stock?
Analyst Ratings Changes
SNDK has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Melius Research set a $2,350.00 target price on shares of Sandisk in a research note on Monday, May 18th. Susquehanna raised their price target on shares of Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a report on Friday, May 29th. Finally, Sanford C. Bernstein boosted their price target on shares of Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,803.29.
Sandisk Price Performance
The company has a fifty day moving average price of $1,744.88 and a 200 day moving average price of $1,022.55. The company has a market cap of $260.32 billion, a PE ratio of 61.10 and a beta of 4.74.
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 for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion for the quarter. During the same period in the prior year, the business earned ($0.30) earnings per share. The company’s revenue for the quarter was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts predict that Sandisk Corporation will post 64.95 EPS for the current fiscal year.
Insider Activity at Sandisk
In related news, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bernard Shek sold 600 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the transaction, the insider directly owned 31,515 shares in the company, valued at approximately $65,803,320. This represents a 1.87% 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. Insiders sold 6,225 shares of company stock worth $10,166,297 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Sandisk
A number of large investors have recently added to or reduced their stakes in SNDK. Trust Asset Management LLC boosted its holdings in shares of Sandisk by 3.9% in the 2nd quarter. Trust Asset Management LLC now owns 1,611 shares of the data storage provider’s stock worth $3,663,000 after purchasing an additional 60 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in shares of Sandisk by 2.9% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 635 shares of the data storage provider’s stock valued at $1,444,000 after buying an additional 18 shares in the last quarter. Ramsey Quantitative Systems purchased a new position in shares of Sandisk during the 2nd quarter valued at about $50,000. Tema ETFs LLC lifted its position in Sandisk by 10.0% in the 2nd quarter. Tema ETFs LLC now owns 2,649 shares of the data storage provider’s stock worth $6,023,000 after buying an additional 241 shares during the last quarter. Finally, Nolet Wealth Management LLC bought a new stake in Sandisk in the 2nd quarter worth approximately $281,000.
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.
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