Sandisk Stock Scheduled to Split on Monday, November 9th (NASDAQ:SNDK)

Sandisk Corporation (NASDAQ:SNDK)’s stock is going to split on Monday, November 9th. The 8-1 split was announced on Thursday, October 29th. The newly created shares will be issued to shareholders after the market closes on Thursday, November 19th.

Sandisk Price Performance

Shares of NASDAQ SNDK traded down $179.16 during mid-day trading on Friday, hitting $1,150.89. 17,369,753 shares of the stock traded hands, compared to its average volume of 14,794,502. Sandisk has a twelve month low of $183.00 and a twelve month high of $2,354.39. The company has a market cap of $166.34 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.14 and a beta of 5.23. The firm has a 50 day simple moving average of $1,566.91 and a two-hundred day simple moving average of $1,247.03.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, October 29th. The data storage provider reported $49.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $46.19 by $3.32. The business had revenue of $11.03 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. On average, equities research analysts anticipate that Sandisk will post 210.92 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 5th that permits the company to buy back $14 billion in outstanding shares. This buyback authorization permits the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk reported fiscal Q1 revenue of $11.03 billion and non-GAAP EPS of $49.51, exceeding Wall Street expectations. Revenue increased 378% year over year, while GAAP net income reached $8.1 billion. SanDisk Q1 2027 Earnings Call Transcript
• Positive Sentiment: Management projected fiscal Q2 revenue of $12.2 billion to $12.6 billion and highlighted strong AI-driven data-center demand, long-term customer supply agreements and a pipeline extending through 2030. Data-center revenue rose 61% sequentially. SanDisk CEO Sees Strong Customer Demand
• Positive Sentiment: The board approved an 8-for-1 forward stock split effective November 19, and Sandisk repurchased approximately $5 billion of stock during the quarter. These actions may improve trading accessibility and signal management confidence, although they do not change intrinsic value. Sandisk Tops Estimates and Announces Stock Split
• Neutral Sentiment: Analyst sentiment remains divided. Rosenblatt reaffirmed a $2,400 buy target and Susquehanna maintained a positive rating, while Wells Fargo cut its target to $1,300 with an equal-weight rating and RBC reduced its target to $1,400 with a sector-perform rating.
• Negative Sentiment: Investors appear concerned that memory pricing and margins may be near a peak, limiting further earnings upside after the stock’s substantial run. Analysts also flagged valuation risks despite the earnings beat. Analyst Sees Memory Pricing Peak
• Negative Sentiment: The broader technology and semiconductor sell-off, triggered partly by disappointing results from Amazon and Intel, pressured memory stocks across the sector. Rising competition from China’s CXMT added another concern for investors. Why Memory Stocks Are Falling

Analyst Ratings Changes

A number of brokerages have weighed in on SNDK. Raymond James Financial boosted their price objective on Sandisk from $1,470.00 to $2,000.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Cantor Fitzgerald decreased their price objective on shares of Sandisk from $2,900.00 to $2,200.00 and set an “overweight” rating for the company in a research note on Monday. Argus upgraded Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 target price on the stock in a report on Monday, August 10th. Rosenblatt Securities reiterated a “buy” rating and set a $2,400.00 target price on shares of Sandisk in a research note on Friday. Finally, Bank of America restated a “buy” rating and issued a $2,000.00 price objective on shares of Sandisk in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $2,056.23.

Insider Transactions at Sandisk

In related news, CFO Luis Visoso sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the transaction, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at $205,479,078.08. The trade was a 0.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the transaction, the insider directly owned 25,305 shares in the company, valued at approximately $44,722,285.65. This trade represents a 8.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 77,899 shares of company stock worth $121,159,122. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Sandisk

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MFG Investments LLC acquired a new stake in Sandisk during the 3rd quarter valued at approximately $251,000. AIA Group Ltd grew its position in Sandisk by 51.2% in the 3rd quarter. AIA Group Ltd now owns 5,292 shares of the data storage provider’s stock valued at $9,207,000 after acquiring an additional 1,792 shares during the last quarter. Provenance Wealth Advisors LLC boosted its holdings in Sandisk by 20,000.0% in the third quarter. Provenance Wealth Advisors LLC now owns 201 shares of the data storage provider’s stock worth $350,000 after acquiring an additional 200 shares in the last quarter. RFG Holdings Inc. raised its position in shares of Sandisk by 39.1% in the third quarter. RFG Holdings Inc. now owns 331 shares of the data storage provider’s stock valued at $577,000 after buying an additional 93 shares during the last quarter. Finally, Watershed Private Wealth LLC purchased a new position in shares of Sandisk in the 3rd quarter valued at about $419,000.

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.