Sandisk (NASDAQ:SNDK) Stock Price Up 1.4% – Still a Buy?

by · The Cerbat Gem

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) rose 1.4% on Friday. The stock traded as high as $1,815.00 and last traded at $1,777.80. 7,205,369 shares were traded during trading, a decline of 54% from the average daily volume of 15,663,269 shares. The stock had previously closed at $1,753.62.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

  • Positive Sentiment: Investors are positioning Sandisk as a beneficiary of accelerating AI infrastructure demand. Analysts point to high-bandwidth flash technology, AI inferencing applications and long-term supply commitments as potential drivers of strong earnings growth and improved pricing visibility. Sandisk: Market Is Still Undervaluing The AI Supercycle Upside
  • Positive Sentiment: Technical momentum has improved, with Sandisk attempting to clear a new buy point near its recent breakout area. A bullish industry backdrop and renewed social-media attention are helping attract traders to the stock. Are AI Memory Stocks Ready For Another Run?
  • Positive Sentiment: Rosenblatt reportedly sees further upside, with a price target of $2,400. The investment case is also supported by Sandisk’s addition to the S&P 100, a planned $14 billion buyback, price-floor contracts and a more favorable long-term AI-storage outlook. Why Rosenblatt Thinks Sandisk Stock Is Headed for $2,400
  • Positive Sentiment: Sandisk and Kioxia plan to invest more than $31 billion in Japan, reinforcing their positions in the memory industry and potentially expanding capacity to serve future demand. Kioxia and Sandisk to invest over $31 billion in Japan
  • Neutral Sentiment: Recent coverage notes that Sandisk’s short-interest reading was zero shares, suggesting short covering is not a meaningful catalyst but also indicating little reported bearish positioning.
  • Negative Sentiment: Risks remain significant after the stock’s sharp advance. Analysts cite premium valuation, weak consumer demand, rising costs and the possibility of NAND-price normalization. Broader market weakness, elevated interest rates and profit-taking could produce additional volatility. Sandisk Drops 23% From 52-Week High

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SNDK. Weiss Ratings downgraded Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Argus raised shares of Sandisk from a “hold” rating to a “buy” rating in a research note on Monday, August 10th. Zacks Research cut Sandisk from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. New Street Research set a $3,000.00 price target on Sandisk in a research report on Thursday, August 6th. Finally, Rosenblatt Securities started coverage on Sandisk in a report on Tuesday. They issued a “buy” rating and a $2,400.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,015.61.

Check Out Our Latest Stock Analysis on Sandisk

Sandisk Trading Up 1.4%

The company has a market cap of $260.31 billion, a P/E ratio of 24.39, a PEG ratio of 0.19 and a beta of 5.17. The stock’s 50 day moving average is $1,515.99 and its 200-day moving average is $1,397.07.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. Sandisk’s revenue was up 371.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts forecast that Sandisk Corporation will post 208.94 EPS for the current year.

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

Insider Activity at Sandisk

In related news, EVP Alper Ilkbahar sold 4,712 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the transaction, the executive vice president owned 44,134 shares in the company, valued at $67,991,957.72. This represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of Sandisk stock in a transaction that occurred 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 completion of the sale, the insider directly owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. This trade represents a 8.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 77,899 shares of company stock worth $121,370,958. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB boosted its stake in Sandisk by 35.1% during the second quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock worth $130,885,000 after buying an additional 14,964 shares during the period. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Sandisk in the second quarter valued at $4,775,000. Florida Financial Advisors LLC bought a new stake in shares of Sandisk in the 1st quarter worth about $2,747,000. UNICOM Systems Inc. boosted its stake in shares of Sandisk by 14.9% during the 2nd quarter. UNICOM Systems Inc. now owns 58,500 shares of the data storage provider’s stock worth $133,013,000 after purchasing an additional 7,600 shares during the period. Finally, Affinity Capital Advisors LLC bought a new position in Sandisk during the 2nd quarter valued at about $2,506,000.

Sandisk Company Profile

(Get Free Report)

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.

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