Sandisk Corporation (NASDAQ:SNDK) Given Average Rating of “Moderate Buy” by Analysts

Shares of Sandisk Corporation (NASDAQ:SNDK) have been given an average rating of “Moderate Buy” by the twenty-six ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $1,998.1364.

SNDK has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price objective on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Mizuho dropped their target price on Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 25th. Citigroup cut their price target on Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a report on Thursday, August 6th. UBS Group reiterated an “overweight” rating and issued a $1,750.00 price target on shares of Sandisk in a research report on Friday, August 14th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory stocks, including Sandisk, rebounded in premarket trading after Monday’s decline, suggesting some investors viewed the sell-off as excessive and returned to the sector. Why Memory Chip Stocks Micron, SanDisk, SK Hynix, and WDC Are Rebounding Today After Monday’s Sell-Off
• Positive Sentiment: Analysts continue to identify SNDK as a growth opportunity, citing strong AI-driven demand for edge storage, higher storage content per device and potential long-term upside. Sandisk’s enterprise SSD pipeline and technologies such as UltraQLC, BiCS9, BiCS10 and High Bandwidth Flash could support product mix and cost improvements. 3 Growth Stocks With 30%+ Upside to Buy This Week
• Positive Sentiment: Sandisk has begun retiring shares, which could increase each remaining shareholder’s ownership and support earnings per share if buybacks continue. Should You Buy SanDisk Stock Because It Has Started Retiring Its Own Shares?
• Neutral Sentiment: Multi-year New Business Model agreements reportedly cover about half of projected fiscal 2027 bit shipments and roughly two-thirds of fiscal 2028 shipments, potentially reducing exposure to NAND price swings; however, the company still faces a key test if industry supply stabilizes and pricing weakens. Sandisk And The NAND Stabilization Test
• Neutral Sentiment: Discussion of a possible stock split may improve accessibility for retail investors, but a split would not change Sandisk’s revenue, profits or overall shareholder value. Is a Sandisk Stock Split Coming?
• Negative Sentiment: Monday’s sell-off reflected fears that DeepSeek’s more efficient AI model, along with calls from AI executives for slower development, could reduce infrastructure spending and NAND demand. SanDisk Shares Fall as AI Demand Concerns Weigh on Memory Stocks
• Negative Sentiment: Investors remain concerned about profit-taking, elevated valuation and competition from Micron and Seagate. The stock’s very high beta also points to continued volatility despite its strong earnings growth.

Insider Activity

In related news, EVP Alper Ilkbahar sold 4,712 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the completion of the transaction, the executive vice president owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. The trade was a 9.65% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the sale, the insider directly owned 25,305 shares in the company, valued at $44,722,285.65. This trade represents a 8.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 9,220 shares of company stock worth $14,829,223. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dogwood Wealth Management LLC increased its holdings in shares of Sandisk by 14.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after buying an additional 6 shares during the last quarter. Nilsine Partners LLC lifted its holdings in shares of Sandisk by 3.2% during the 2nd quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after acquiring an additional 7 shares during the last quarter. Insight Wealth Partners LLC grew its position in Sandisk by 0.4% in the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after acquiring an additional 7 shares in the last quarter. Cornerstone Financial Management LLC increased its stake in Sandisk by 60.0% in the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock valued at $55,000 after acquiring an additional 9 shares during the last quarter. Finally, Castle Rock Wealth Management LLC increased its stake in Sandisk by 2.4% in the second quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock valued at $969,000 after acquiring an additional 10 shares during the last quarter.

Sandisk Stock Down 1.4%

Shares of NASDAQ:SNDK opened at $1,530.90 on Wednesday. The firm has a market capitalization of $224.15 billion, a PE ratio of 21.00, a P/E/G ratio of 0.15 and a beta of 5.17. Sandisk has a twelve month low of $89.56 and a twelve month high of $2,354.39. The company has a 50-day moving average price of $1,512.18 and a two-hundred day moving average price of $1,340.83.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping the consensus estimate of $33.28 by $5.97. The firm had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. Sandisk’s revenue for the quarter was up 371.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts anticipate that Sandisk will post 208.92 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This repurchase authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.