Sandisk (NASDAQ:SNDK) Sets New 52-Week High – Here’s Why

Sandisk Corporation (NASDAQ:SNDK) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $452.14 and last traded at $442.65, with a volume of 8424215 shares traded. The stock had previously closed at $413.62.

Wall Street Analyst Weigh In

SNDK has been the subject of a number of recent analyst reports. China Renaissance started coverage on shares of Sandisk in a report on Friday, December 5th. They set a “buy” rating and a $322.00 price target for the company. Fox Advisors raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Benchmark increased their target price on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. UBS Group set a $580.00 target price on Sandisk in a report on Wednesday, January 14th. Finally, Barclays set a $385.00 price target on Sandisk in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.89.

Sandisk Stock Up 9.5%

The firm has a 50 day moving average of $262.44 and a 200-day moving average of $151.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. The stock has a market capitalization of $66.40 billion and a P/E ratio of 1,416.00.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. The company’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.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction on 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 owned 3,479 shares of the company’s stock, valued at $678,892.06. The trade was a 26.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sandisk

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sandisk in the third quarter valued at about $27,000. CVA Family Office LLC acquired a new stake in Sandisk during the third quarter valued at approximately $28,000. Parallel Advisors LLC bought a new stake in shares of Sandisk in the 3rd quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $32,000. Finally, Covestor Ltd acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $37,000.

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.