Sandisk Corporation (NASDAQ:SNDK – Get Free Report)’s stock price traded up 4.1% during mid-day trading on Monday . The company traded as high as $2,354.39 and last traded at $2,273.73. 9,849,017 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 16,867,625 shares. The stock had previously closed at $2,184.75.
Key Sandisk News
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Bank of America reportedly raised its price target to $2,100, adding to bullish momentum after SanDisk hit a new 52-week high on worsening global NAND flash shortages. Why Is SanDisk Stock Surging Monday?
- Positive Sentiment: Analysts and media reports say AI demand is fundamentally changing the NAND market, with memory shortages and data-center growth supporting higher pricing and stronger earnings expectations for SanDisk. SanDisk sees AI as fundamentally changing NAND market, Morgan Stanley says
- Positive Sentiment: Memory stocks are rallying broadly into Micron’s upcoming earnings report, with SanDisk participating in the sector move as investors bet that supply tightness will keep prices elevated. Micron and Western Digital Rise 6%, SanDisk Gains 5% as Memory Stocks Rally Into Micron’s Earnings
- Positive Sentiment: ETF and fund articles highlighted SanDisk as a major holding benefiting from the storage supercycle, which may attract additional investor attention and flows. Why SanDisk (SNDK) Is GFLW’s Top Holding
- Neutral Sentiment: Several stories focused on the stock’s extreme year-to-date surge and comparisons with peers such as Micron, Seagate, and Kioxia; these notes reflect strong momentum but also suggest the move has become crowded. Sandisk (SNDK) Stock Could Be 579% Overvalued After Its Recent Share Price Surge
- Neutral Sentiment: Coverage of a politician’s large paper gain and other “suspicious trade” headlines may boost attention, but they do not change Sandisk’s fundamentals. U.S. politician up over 5,000% in under a year on this super suspicious AI stock trade
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on SNDK shares. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Weiss Ratings cut Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Wells Fargo & Company raised their price objective on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Wedbush boosted their target price on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Susquehanna increased their target price on shares of Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a research note on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average target price of $1,580.67.
Sandisk Stock Up 4.1%
The stock has a market capitalization of $336.72 billion, a PE ratio of 79.03 and a beta of 4.88. The firm has a 50 day moving average price of $1,424.27 and a 200 day moving average price of $818.73.
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion for the quarter. During the same period in the prior year, the firm earned ($0.30) earnings per share. Sandisk’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities analysts forecast that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.
Insider Activity at Sandisk
In other news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 5,625 shares of company stock worth $8,913,497. 0.21% of the stock is currently owned by company insiders.
Institutional Trading of Sandisk
Several institutional investors and hedge funds have recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its position in shares of Sandisk by 12.0% in the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after buying an additional 13 shares in the last quarter. Blair William & Co. IL grew its position in Sandisk by 0.3% during the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock worth $1,255,000 after buying an additional 17 shares in the last quarter. Empirical Finance LLC increased its stake in Sandisk by 0.7% in the 1st quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock worth $2,246,000 after acquiring an additional 24 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in Sandisk by 108.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock worth $33,000 after acquiring an additional 27 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Sandisk by 20.2% in the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 37 shares in the last quarter.
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.
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