Sandisk (NASDAQ:SNDK) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Sandisk Corporation (NASDAQ:SNDK) saw unusually-strong trading volume on Friday . Approximately 10,432,231 shares changed hands during mid-day trading, an increase of 112% from the previous session’s volume of 4,918,193 shares.The stock last traded at $262.36 and had previously closed at $243.57.

Analysts Set New Price Targets

SNDK has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sandisk in a report on Wednesday, October 8th. Zacks Research upgraded shares of Sandisk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Bank of America boosted their price objective on shares of Sandisk from $59.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Wall Street Zen raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $183.00.

Sandisk Stock Up 4.3%

The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. The business’s fifty day moving average price is $147.28 and its 200 day moving average price is $79.40. The company has a market capitalization of $37.25 billion and a P/E ratio of 794.25.

Sandisk (NASDAQ:SNDK) last posted 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 analyst estimates of $2.12 billion. Sandisk’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.

Institutional Trading of Sandisk

A number of large investors have recently bought and sold shares of SNDK. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sandisk during the third quarter valued at $27,000. CVA Family Office LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth about $28,000. Parallel Advisors LLC bought a new position in Sandisk during the 3rd quarter valued at about $30,000. Covestor Ltd bought a new position in Sandisk during the 3rd quarter valued at about $37,000. Finally, Cromwell Holdings LLC acquired a new position in Sandisk in the third quarter valued at about $39,000.

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.