Sandisk Corporation (NASDAQ:SNDK – Get Free Report)’s stock price rose 10.9% during trading on Tuesday . The stock traded as high as $2,280.80 and last traded at $2,273.73. 11,260,613 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 16,677,520 shares. The stock had previously closed at $2,050.39.
Key Headlines Impacting Sandisk
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Bank of America raised its price target on SanDisk to $2,500 and reiterated a Buy rating, saying NAND supply-demand tightness could persist through 2027 and support stronger pricing. SanDisk’s Stock Supercycle Just Got Another Boost: BofA Raises Price Tag to $2,500
- Positive Sentiment: Analysts remain constructive on SanDisk’s AI storage demand, with commentary pointing to continued memory boom benefits from data-center buildout and strong enterprise SSD/QLC demand. Can Sandisk’s QLC SSD Portfolio Drive Sustainable Growth Ahead?
- Positive Sentiment: Some market coverage argues the stock’s sharp volatility is actually showing strong dip-buying interest, with repeated rebounds suggesting bulls are still in control. SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Neutral Sentiment: Articles comparing SanDisk with Palantir and other AI winners highlight SanDisk’s role in the AI infrastructure stack, but they do not add a new fundamental catalyst today. Palantir vs. SanDisk: Two Paths to AI Riches, One Winner
- Negative Sentiment: Memory and storage stocks are being hit by a broad semiconductor selloff, with investors rotating out of AI hardware and into software after a powerful first-half rally. SanDisk Sinks 11%, Seagate Falls 7%, Micron Slides 4% on Memory Supply-Glut Fears
- Negative Sentiment: Pre-market weakness in SanDisk was also tied to profit-taking across tech and fresh concerns about memory-chip supply glut and broader market caution. Why Micron (MU) and SanDisk (SNDK) Stocks Are Falling in Pre-Market Today
Analysts Set New Price Targets
Several brokerages have recently issued reports on SNDK. Citigroup upped their price target on shares of Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Cantor Fitzgerald boosted their price objective on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Weiss Ratings downgraded Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Finally, Sanford C. Bernstein lifted their price target on Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and an average price target of $1,684.24.
Sandisk Price Performance
The firm has a market capitalization of $258.78 billion, a price-to-earnings ratio of 60.11 and a beta of 4.72. The stock has a fifty day moving average of $1,618.07 and a two-hundred day moving average of $925.59.
Sandisk (NASDAQ:SNDK – Get Free Report) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts forecast that Sandisk Corporation will post 64.01 EPS for the current year.
Insider Buying and Selling
In related news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the sale, the insider directly owned 32,232 shares in the company, valued at $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 5,625 shares of company stock valued at $8,913,497 in the last ninety days. Insiders own 0.21% of the company’s stock.
Institutional Investors Weigh In On Sandisk
Several large investors have recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its position in Sandisk by 12.0% during the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock valued at $77,000 after acquiring an additional 13 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Sandisk by 0.3% in the 4th quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after purchasing an additional 17 shares during the period. Empirical Finance LLC boosted its position in shares of Sandisk by 0.7% during the 1st quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock valued at $2,246,000 after purchasing an additional 24 shares in the last quarter. Basecamp Wealth Advisors LLC grew its stake in Sandisk by 7.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 333 shares of the data storage provider’s stock worth $212,000 after purchasing an additional 24 shares during the period. Finally, SOA Wealth Advisors LLC. grew its stake in Sandisk by 108.0% during the first quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 27 shares during the period.
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.
Further Reading
- Five stocks we like better than Sandisk
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- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
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