Sandisk (NASDAQ:SNDK) Stock Price Up 1.1% – Here’s Why

Sandisk Corporation (NASDAQ:SNDK) shares rose 1.1% during trading on Wednesday . The stock traded as high as $1,587.86 and last traded at $1,553.40. 8,469,490 shares traded hands during trading, a decline of 48% from the average session volume of 16,197,329 shares. The stock had previously closed at $1,536.87.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Lower Treasury yields ahead of the U.S. jobs report helped revive demand for AI and semiconductor stocks. SanDisk was among the memory companies receiving a boost, alongside Micron and other AI infrastructure names. Micron stock rises 2%, SanDisk gains 3%: why memory stocks are moving again
• Positive Sentiment: Analysts continue to identify SNDK as an AI data-center beneficiary, with expanding AI workloads expected to support demand for flash storage and enterprise memory. Bullish earnings revisions have also contributed to a Zacks Rank #1, or Strong Buy, rating. Bullish EPS Revisions Back IBKR, SNDK, and ROKU
• Positive Sentiment: Management will present at Citi’s Global TMT Conference on September 8 and Goldman Sachs’ Communacopia + Technology Conference on September 9. The events could provide updates on AI-driven demand, pricing and the company’s outlook. Sandisk Announces Participation in Investor Conferences
• Neutral Sentiment: Recent commentary presents sharply different forecasts, reflecting SNDK’s exceptional gains, elevated volatility and exposure to the cyclical NAND market. Investors are weighing strong AI growth against the risk that favorable memory pricing may not persist. SanDisk SNDK stock prediction: $2,650 bull vs $780 bear
• Negative Sentiment: Progress by Chinese memory manufacturers in DRAM and NAND, including AI-oriented products, has renewed concerns about future competition, pricing pressure and potential market-share losses for SanDisk. Micron, SanDisk Lag Tech Rally as China Grabs Memory Market Share
• Negative Sentiment: Insider Bernard Shek sold 600 shares worth approximately $915,360 under a pre-arranged Rule 10b5-1 plan. The sale was a small reduction in his holdings, but it may add to profit-taking concerns after SNDK’s substantial rally. Insider Selling: Sandisk Insider Sells $915,360.00 in Stock

Analysts Set New Price Targets

A number of analysts recently weighed in on SNDK shares. UBS Group reiterated an “overweight” rating and set a $1,750.00 price target on shares of Sandisk in a research note on Friday, August 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Sandisk in a report on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and set a $2,200.00 price target on shares of Sandisk in a report on Thursday, August 13th. Citigroup dropped their price target on Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. began coverage on Sandisk in a research note on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $1,998.14.

Sandisk Price Performance

The stock’s 50-day moving average is $1,550.34 and its 200 day moving average is $1,281.92. The stock has a market cap of $227.68 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 0.15 and a beta of 5.17.

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

Sandisk announced that its board has approved a share buyback program on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total value of $915,360.00. Following the completion of the transaction, the insider owned 29,884 shares in the company, valued at $45,591,030.40. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,800 shares of company stock valued at $2,865,456 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sandisk

Several hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the second quarter valued at about $317,000. Merit Financial Group LLC acquired a new position in shares of Sandisk during the 3rd quarter worth approximately $408,000. Dimensional Fund Advisors LP purchased a new stake in Sandisk in the 3rd quarter valued at approximately $100,080,000. First Trust Advisors LP purchased a new stake in Sandisk in the 3rd quarter valued at approximately $9,788,000. Finally, Blair William & Co. IL acquired a new stake in Sandisk during the 3rd quarter valued at $591,000.

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.