Sandisk (NASDAQ:SNDK) Sees Unusually-High Trading Volume – Here’s What Happened

Sandisk Corporation (NASDAQ:SNDK) saw unusually-strong trading volume on Friday . Approximately 10,432,231 shares were traded during mid-day trading, an increase of 112% from the previous session’s volume of 4,918,193 shares.The stock last traded at $262.36 and had previously closed at $243.57.

Analyst Ratings Changes

A number of research firms have recently commented on SNDK. Zacks Research raised shares of Sandisk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Sanford C. Bernstein upgraded shares of Sandisk to a “strong-buy” rating in a research note on Tuesday, September 16th. Morgan Stanley raised their price objective on shares of Sandisk from $230.00 to $263.00 and gave the company an “overweight” rating in a research report on Monday. Wedbush increased their target price on Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Fox Advisors raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and an average price target of $183.00.

Sandisk Price Performance

The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average of $143.45 and a 200 day moving average of $77.53. The firm has a market cap of $38.52 billion and a price-to-earnings ratio of 821.41.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.12 billion. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Hedge Funds Weigh In On Sandisk

Several hedge funds and other institutional investors have recently bought and sold shares of SNDK. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sandisk in the 3rd quarter worth about $27,000. CVA Family Office LLC purchased a new position in Sandisk during the third quarter worth about $28,000. Parallel Advisors LLC bought a new stake in Sandisk in the third quarter valued at approximately $30,000. Covestor Ltd bought a new position in Sandisk in the third quarter worth about $37,000. Finally, Cromwell Holdings LLC purchased a new stake in Sandisk in the third quarter worth about $39,000.

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.