Sandisk (NASDAQ:SNDK) Stock Price Down 3.7% – What’s Next?

Sandisk Corporation (NASDAQ:SNDK)’s share price traded down 3.7% during mid-day trading on Friday . The company traded as low as $1,184.37 and last traded at $1,212.21. Approximately 13,686,093 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 16,533,930 shares. The stock had previously closed at $1,258.58.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk reported fiscal Q4 adjusted EPS of $39.25, well above the $33.28 consensus, while revenue reached approximately $8.97 billion and increased 371.6% year over year. Data-center revenue reportedly surged 437% as AI infrastructure demand boosted pricing and volumes. SanDisk Stock Rebounds in Premarket Despite Post-Earnings Volatility
• Positive Sentiment: The board authorized a $14 billion share-repurchase program, potentially retiring up to 6.6% of outstanding shares. The buyback signals management’s confidence and could support per-share earnings. SanDisk to Buy Back $14 Billion in Shares
• Positive Sentiment: Bullish analysts argue that AI-driven storage demand, long-term customer agreements, and roughly $94 billion in minimum revenue commitments could make earnings more durable and reduce SanDisk’s traditional NAND-cycle exposure. SanDisk Won’t Be This Cheap for Long
• Neutral Sentiment: Analyst opinion is split. Some firms upgraded the stock or maintained bullish ratings, while Jefferies cut its price target to $1,750 from $3,000 because of concerns about NAND pricing and margins. Jefferies Cuts SanDisk Price Target
• Negative Sentiment: The primary reason shares decreased is that fiscal Q1 2027 revenue guidance of $10.3 billion to $10.8 billion was viewed as slightly below elevated Wall Street expectations. Investors also fear SanDisk may be giving up some near-term margin to secure longer-term strategic contracts. SanDisk Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
• Negative Sentiment: After a dramatic rally, expectations and valuation are unusually high. Any slowdown in AI spending, a NAND supply increase, or weaker pricing could cause a sharp correction despite strong reported earnings.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SNDK shares. Jefferies Financial Group restated a “buy” rating on shares of Sandisk in a research report on Thursday. Wells Fargo & Company dropped their target price on shares of Sandisk from $1,620.00 to $1,400.00 and set an “equal weight” rating on the stock in a research report on Thursday. Cantor Fitzgerald boosted their target price on shares of Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. New Street Research set a $3,000.00 price target on shares of Sandisk in a research report on Thursday. Finally, Susquehanna decreased their price target on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research note on Thursday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,853.14.

Sandisk Stock Performance

The company has a 50 day moving average of $1,709.64 and a 200 day moving average of $1,147.93. The stock has a market capitalization of $179.52 billion, a price-to-earnings ratio of 16.63 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 96.94%. The company had revenue of $8.96 billion for the quarter. During the same period last year, the firm earned $0.29 EPS. The company’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities analysts predict that Sandisk Corporation will post 185.89 EPS for the current fiscal year.

Sandisk declared that its board has authorized a stock buyback program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Sandisk news, insider Bernard Shek sold 600 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the sale, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was 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 directly owned 22,375 shares in the company, valued at $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 6,246 shares of company stock worth $9,993,292. 0.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Sandisk

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. acquired a new position in shares of Sandisk during the 2nd quarter valued at about $317,000. Merit Financial Group LLC purchased a new stake in shares of Sandisk in the third quarter valued at about $408,000. Dimensional Fund Advisors LP acquired a new stake in Sandisk during the third quarter worth about $100,080,000. First Trust Advisors LP acquired a new stake in Sandisk during the third quarter worth about $9,788,000. Finally, Blair William & Co. IL purchased a new position in Sandisk during the third quarter worth about $591,000.

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.