Sandisk (NASDAQ:SNDK) Stock Price Up 5.2% – Here’s What Happened

Sandisk Corporation (NASDAQ:SNDK)’s share price rose 5.2% during mid-day trading on Thursday . The stock traded as high as $668.00 and last traded at $630.29. Approximately 23,039,700 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 19,599,945 shares. The stock had previously closed at $599.34.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Kioxia-led shortage signals and sector momentum are driving buying across memory names; analysts and news outlets point to early multi-year bookings and continued tight NAND supply as a structural tailwind for SanDisk. SanDisk (SNDK) Stock Rallies 5% as Memory Shortage Gets Worse – Time to Buy?
• Positive Sentiment: Sector-wide strength (Micron, WDC, STX) lifted SanDisk as investors rotated into memory plays after suppliers signaled constrained supply and earlier-than-usual bookings for 2027–28. Why Are Memory Chip Stocks Up Today? SanDisk (SNDK) Leads
• Positive Sentiment: Multiple bullish write-ups explain that SanDisk’s scale, JV relationships and focus on high-end data‑center flash give it pricing power and outsized earnings leverage in the current AI-driven cycle. Why SanDisk Stock Skyrocketed: 5 Key Questions Answered
• Neutral Sentiment: Coverage pieces summarizing the rally, ownership and street price-target activity provide context for momentum but don’t add new company-specific catalysts; useful for positioning and risk checks. With SanDisk Stock (SNDK) Up 165%, Let’s Look at Who Owns it
• Neutral Sentiment: Broad-market recognition pieces (e.g., roundup of strong S&P performers) keep the stock on screens but are not direct operational news for SanDisk. These 3 Zacks ‘Strong Buy’ Stocks Reflect the Hottest S&P 500 Stocks of 2026
• Negative Sentiment: Cautionary analysis warns the memory “party” could end if manufacturers ramp supply, AI spending normalizes, or competition/valuation concerns surface — all risks that could reverse recent profits quickly. Sandisk: The Storage Party May Be Coming To An End

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SNDK shares. UBS Group set a $1,000.00 price target on shares of Sandisk in a research report on Monday, February 2nd. Raymond James Financial upgraded Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price target for the company in a research note on Friday, January 30th. Susquehanna raised their price target on Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a report on Monday, December 8th. Mizuho set a $600.00 price objective on Sandisk in a research note on Tuesday, January 27th. Finally, Fox Advisors raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. One equities research 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.com, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $542.85.

Sandisk Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The firm has a fifty day simple moving average of $387.83 and a two-hundred day simple moving average of $218.09. The firm has a market cap of $92.46 billion and a PE ratio of -82.55.

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

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Sandisk during the 3rd quarter worth approximately $1,136,000. New York State Teachers Retirement System purchased a new position in Sandisk in the 3rd quarter valued at approximately $13,546,000. Sage Rhino Capital LLC acquired a new position in Sandisk during the third quarter worth $587,000. Y Intercept Hong Kong Ltd purchased a new stake in Sandisk during the third quarter worth $7,046,000. Finally, HB Wealth Management LLC acquired a new stake in Sandisk in the third quarter valued at $348,000.

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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.