Sandisk (NASDAQ:SNDK) Sees Unusually-High Trading Volume – Still a Buy?

by · The Cerbat Gem

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 10,432,231 shares changed hands 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

SNDK has been the subject of several research analyst reports. Benchmark raised their target price on shares of Sandisk from $125.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Bank of America raised their target price on shares of Sandisk from $59.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Susquehanna boosted their price objective on Sandisk from $65.00 to $250.00 and gave the company a “positive” rating in a report on Friday, November 7th. UBS Group reaffirmed an “overweight” rating and set a $230.00 target price on shares of Sandisk in a research report on Monday, November 3rd. Finally, Mizuho lifted their price objective on Sandisk to $215.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. 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 issued a Sell rating to the company. Based on data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average target price of $183.00.

Get Our Latest Stock Report on SNDK

Sandisk Stock Performance

The firm has a market cap of $38.52 billion and a PE ratio of 821.41. 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 firm has a fifty day moving average price of $143.45 and a 200 day moving average price of $77.53.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Sandisk during the 3rd quarter worth approximately $27,000. CVA Family Office LLC acquired a new stake in Sandisk during the 3rd quarter valued at approximately $28,000. Parallel Advisors LLC acquired a new stake in shares of Sandisk during the third quarter worth approximately $30,000. Covestor Ltd acquired a new stake in shares of Sandisk in the 3rd quarter valued at about $37,000. Finally, Cromwell Holdings LLC bought a new position in Sandisk during the 3rd quarter worth approximately $39,000.

About Sandisk

(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.

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