Sandisk (NASDAQ:SNDK) Stock Price Down 8.1% – Time to Sell?

17 Jul 2026, 09:01 by Doug Wharley · The Cerbat Gem

Shares of Sandisk Corporation (NASDAQ:SNDK – Get Free Report) fell 8.1% on Wednesday . The company traded as low as $1,478.50 and last traded at $1,615.00. 18,827,577 shares changed hands during trading, an increase of 15% from the average daily volume of 16,409,201 shares. The stock had previously closed at $1,757.82.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: SanDisk launched Fab2 with Kioxia as BiCS10 sampling begins, a sign the company is still advancing its NAND flash roadmap and memory-production capabilities. Sandisk (SNDK) Launches Fab2 With Kioxia As BiCS10 Sampling Begins
Positive Sentiment: Several articles highlighted strong AI-driven demand for memory chips and argued Sandisk remains a key beneficiary of hyperscale data center spending, supporting the long-term growth narrative. SNDK vs. MU: Which AI Memory Stock is a Smarter Buy at Current Levels?
Neutral Sentiment: Argus initiated coverage with a Hold rating, reflecting a cautious stance after the stock’s explosive post-spinoff move rather than a clear bullish or bearish call. Analyst Maintains Hold on SanDisk After Post–Spin-Off Rally, Awaiting Pullback or Clear Earnings Acceleration
Neutral Sentiment: Commentary also focused on valuation, with some analysts and investors saying the rally may have priced in perfection, while others argued the pullback could be a buying opportunity for long-term investors. Sandisk Stock Is Up More Than 3,700% From Its 52-Week Low. Is the Memory Rally Still Investable, or Is This Stock Priced for Perfection?
Negative Sentiment: Memory-chip stocks sold off broadly as traders rotated out of AI hardware names, and Sandisk was hit hard along with peers like Micron and Western Digital. Sandisk, UnitedHealth, J.B. Hunt, TSMC, and More Stocks That Explain Today’s Market
Negative Sentiment: Fresh concerns about Chinese competition also weighed on the stock after reports that CXMT is preparing a large memory IPO, adding pressure to an already vulnerable sector. SK Hynix and SanDisk Sink 7%, Micron Falls 5% as China’s CXMT Readies an $8.6B Memory IPO

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group set a $1,700.00 target price on Sandisk in a report on Monday, May 4th. Citigroup upped their price target on shares of Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Sandisk in a research note on Friday, May 1st. Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Wedbush raised their price objective on shares of Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,803.29.

View Our Latest Analysis on Sandisk

Sandisk Stock Performance

The business has a fifty day simple moving average of $1,750.41 and a 200 day simple moving average of $1,040.34. The stock has a market cap of $208.97 billion, a price-to-earnings ratio of 49.05 and a beta of 4.74.

Sandisk (NASDAQ:SNDK – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. The business had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm’s revenue was up 251.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts anticipate that Sandisk Corporation will post 64.95 EPS for the current fiscal year.

Insider Activity

In other Sandisk news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the transaction, the insider directly owned 31,515 shares in the company, valued at approximately $65,803,320. The trade was a 1.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction on 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 sale, the director owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sandisk

Several hedge funds have recently modified their holdings of SNDK. Trust Asset Management LLC boosted its holdings in shares of Sandisk by 3.9% in the 2nd quarter. Trust Asset Management LLC now owns 1,611 shares of the data storage provider’s stock valued at $3,663,000 after purchasing an additional 60 shares during the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in shares of Sandisk by 2.9% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 635 shares of the data storage provider’s stock worth $1,444,000 after purchasing an additional 18 shares during the period. Ramsey Quantitative Systems purchased a new stake in shares of Sandisk during the 2nd quarter worth about $50,000. Tema ETFs LLC raised its holdings in Sandisk by 10.0% in the second quarter. Tema ETFs LLC now owns 2,649 shares of the data storage provider’s stock valued at $6,023,000 after buying an additional 241 shares during the period. Finally, Nolet Wealth Management LLC acquired a new position in Sandisk during the second quarter valued at approximately $281,000.

About Sandisk

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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.