Sandisk (NASDAQ:SNDK) Stock Price Down 8.2% – Here’s Why

Sandisk Corporation (NASDAQ:SNDK) shares fell 8.2% during trading on Thursday . The stock traded as low as $324.10 and last traded at $324.62. 5,438,700 shares were traded during trading, a decline of 57% from the average session volume of 12,630,078 shares. The stock had previously closed at $353.56.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Big-picture demand catalyst — NVIDIA CEO Jensen Huang called AI data storage a “completely unserved market,” sparking a sector rally and sending SanDisk to new highs as investors priced in surging enterprise SSD demand. Read More.
• Positive Sentiment: Price tailwinds for NAND — research firms (TrendForce cited in coverage) expect large Q1 NAND price increases, which would boost SanDisk’s revenue and margins if sustained. Read More.
• Positive Sentiment: Analyst upgrade — Bank of America’s coverage raised its SanDisk price target to $390 and reiterated a buy case, supporting investor confidence. Read More.
• Positive Sentiment: Short-term bullish flow — a Power Inflow trading signal flagged heavy buying interest (institutional/retail order flow), which traders followed into the rally. Read More.
• Neutral Sentiment: Is it too late to buy? — commentary notes the memory/RAM shortage and AI-driven demand could persist, but also asks whether frothy gains leave less upside; this frames debate rather than a clear directional signal. Read More.
• Neutral Sentiment: Sector positioning view — analysts and forecasts highlight SNDK as a “picks-and-shovels” play on AI infrastructure, useful context for medium-term positioning but not an immediate catalyst. Read More.
• Negative Sentiment: Overbought / profit-taking risk — technicals flagged SNDK as overbought after a 20–27% single‑day surge, increasing odds of a pullback from short-term traders. Read More.
• Negative Sentiment: Valuation and hype risk — commentators warn the rally is partly driven by hype around AI-storage; SNDK now trades well above many analyst models and has stretched multiples, leaving downside risk if price momentum fades. Read More.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SNDK. JPMorgan Chase & Co. began coverage on Sandisk in a report on Monday, December 8th. They set a “neutral” rating and a $235.00 price objective on the stock. Cantor Fitzgerald upped their price target on Sandisk from $240.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. UBS Group reiterated an “overweight” rating and issued a $230.00 price objective on shares of Sandisk in a research report on Monday, November 3rd. Barclays upped their target price on shares of Sandisk from $39.00 to $220.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Finally, Sanford C. Bernstein upgraded shares of Sandisk to a “strong-buy” rating in a research report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $218.33.

Sandisk Stock Performance

The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. The stock has a market cap of $47.40 billion and a price-to-earnings ratio of 1,010.81. The stock’s fifty day moving average is $234.70 and its 200-day moving average is $131.65.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. The business’s quarterly 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 Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the sale, the director directly owned 3,479 shares in the company, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sandisk

A number of large investors have recently added to or reduced their stakes in SNDK. Vanguard Group Inc. bought a new stake in shares of Sandisk in the third quarter valued at about $1,970,388,000. State Street Corp acquired a new stake in Sandisk in the 3rd quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in Sandisk in the 3rd quarter valued at approximately $297,293,000. Bank of America Corp DE bought a new stake in Sandisk in the 3rd quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC acquired a new position in Sandisk during the 3rd quarter worth approximately $163,057,000.

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.