Sandisk (NASDAQ:SNDK) Stock Price Down 1.4% – Here’s Why

Shares of Sandisk Corporation (NASDAQ:SNDK) fell 1.4% during mid-day trading on Thursday . The company traded as low as $562.10 and last traded at $576.20. 26,855,625 shares changed hands during trading, an increase of 37% from the average session volume of 19,640,545 shares. The stock had previously closed at $584.55.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Big earnings beat and aggressive forward guidance support the rally — SanDisk reported a 61% YoY revenue jump, far‑better EPS and FY guidance that implies materially higher near‑term earnings, giving investors a strong fundamental reason to buy the dip. Read More.
• Positive Sentiment: Analysts are raising targets and issuing upgrades, which provides support — major firms (Barclays, UBS, Cantor Fitzgerald, Citi) have boosted price targets (some into the $750–$1,000 range) after the strong quarter. This fuels buy‑the‑dip flows and underpins rebounds. Read More.
• Positive Sentiment: Structural AI demand and supply positioning remain constructive — extension of the Kioxia joint venture and tight wafer allocation to HBM leave SanDisk well‑positioned for sustained enterprise/NAND pricing power. That underpins a bullish medium‑term revenue and margin outlook. Read More.
• Neutral Sentiment: Broader hardware/AI cycle narrative is driving rotation into storage and server names — stories like “AI in a Box” suggest SanDisk is a leading signal for an edge and data‑center refresh, but the thesis ties to macro capex timing as much as company execution. Read More.
• Negative Sentiment: Extreme volatility and overbought technicals are prompting short‑term selling — recent RSI readings and very large intraday swings mean momentum traders are quick to lock gains, which increases the probability of sharp pullbacks even with strong fundamentals. Read More.
• Negative Sentiment: Recent sharp pullbacks and profit‑taking episodes highlight downside risk — the stock has seen rapid drops (single‑day double‑digit moves) and quick rebounds, signaling that traders are de‑risking after the parabolic run; that contributes to today’s weakness. Read More.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SNDK. Raymond James Financial upgraded Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 target price on the stock in a report on Friday, January 30th. Mizuho set a $600.00 price objective on Sandisk in a research note on Tuesday, January 27th. Fox Advisors upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Finally, Morgan Stanley set a $690.00 price objective on shares of Sandisk in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $542.85.

Sandisk Price Performance

The firm has a market cap of $85.03 billion and a PE ratio of -75.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The business’s fifty day moving average is $334.53 and its 200-day moving average is $192.32.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. Sandisk’s revenue was up 61.2% on a year-over-year basis.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, the director directly owned 3,479 shares in the company, valued at $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Composition Wealth LLC raised its stake in Sandisk by 0.4% in the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after acquiring an additional 41 shares during the period. Westfuller Advisors LLC raised its position in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares during the period. Everhart Financial Group Inc. raised its position in shares of Sandisk by 3.4% in the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock valued at $489,000 after purchasing an additional 67 shares during the period. Assetmark Inc. lifted its stake in shares of Sandisk by 71.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock valued at $42,000 after buying an additional 73 shares in the last quarter. Finally, Savvy Advisors Inc. boosted its holdings in Sandisk by 1.3% in the 4th quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock worth $1,645,000 after buying an additional 87 shares during the period.

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.