Sandisk (NASDAQ:SNDK) Stock Price Down 4.5% – Should You Sell?
by Jessica Moore · The Cerbat GemShares of Sandisk Corporation (NASDAQ:SNDK – Get Free Report) were down 4.5% on Thursday . The stock traded as low as $1,362.00 and last traded at $1,382.72. Approximately 11,065,285 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 18,419,637 shares. The stock had previously closed at $1,447.23.
More Sandisk News
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: S&P upgraded Sandisk after the company repaid all debt, highlighting a large cash balance and a planned $6 billion share buyback, both of which can improve investor confidence and support the stock. What's Going On With Sandisk Stock Thursday?
- Positive Sentiment: A price target increase for Sandisk suggests analysts see more upside despite the stock’s already huge run, reinforcing the bullish case around earnings momentum and memory-chip demand. SanDisk (SNDK) price target increased by 44.34% to 1,248.91
- Positive Sentiment: Sandisk is benefiting from strong AI-related trader interest, including ETF flows and leveraged products tied to semiconductor and memory stocks, which can keep momentum investors involved. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
- Neutral Sentiment: Several articles frame Sandisk as part of a broader “melt-up” in chip stocks and discuss technical signals, which supports trading activity but does not change the company’s fundamentals by itself. SanDisk Up 558% This Year as Chip Stocks Outpace the 1999 Dot-Com Bubble
- Negative Sentiment: Some recent coverage warns investors not to ignore valuation and argues the stock may have run too far, suggesting a risk of pullbacks after the sharp rally. ‘Don’t Throw Caution Away,’ Says Top Investor About Sandisk Stock
- Negative Sentiment: Sandisk also fell in some sessions alongside a broader chip-sector pullback, showing that the stock remains vulnerable to profit-taking when the semiconductor group weakens. SNDK Stock Alert: Sandisk Falls Amid Broader Chip Pullback
Analyst Ratings Changes
Several research analysts have recently weighed in on SNDK shares. Melius Research started coverage on Sandisk in a research report on Monday, April 27th. They issued a “buy” rating for the company. Weiss Ratings raised Sandisk from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Bank of America lifted their price objective on Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Wells Fargo & Company lifted their price objective on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Evercore reissued an “outperform” rating and issued a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,065.81.
Read Our Latest Research Report on Sandisk
Sandisk Trading Down 4.5%
The firm has a market capitalization of $204.77 billion, a P/E ratio of 48.06 and a beta of 4.82. The business has a 50-day moving average of $866.60 and a 200 day moving average of $538.61.
Sandisk (NASDAQ:SNDK – Get Free Report) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion during the quarter. During the same period in the previous year, the firm earned ($0.30) earnings per share. The business’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts forecast that Sandisk Corporation will post 63.93 EPS for the current year.
Insider Transactions at Sandisk
In related news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. The trade was a 16.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the sale, the director directly owned 9,907 shares of the company’s stock, valued at $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.
Hedge Funds Weigh In On Sandisk
A number of hedge funds have recently added to or reduced their stakes in SNDK. Osaic Holdings Inc. acquired a new position in Sandisk during the 2nd quarter valued at about $317,000. Merit Financial Group LLC acquired a new position in Sandisk during the 3rd quarter valued at about $408,000. Global Retirement Partners LLC acquired a new position in Sandisk during the 3rd quarter valued at about $49,000. HB Wealth Management LLC acquired a new position in Sandisk during the 3rd quarter valued at about $348,000. Finally, SG Americas Securities LLC acquired a new position in Sandisk during the 3rd quarter valued at about $722,000.
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.