Sandisk (NASDAQ:SNDK) Stock Price Up 1.7% – Here’s What Happened

Sandisk Corporation (NASDAQ:SNDK) shares shot up 1.7% during mid-day trading on Wednesday . The company traded as high as $616.98 and last traded at $600.40. 24,959,686 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 19,890,145 shares. The stock had previously closed at $590.59.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory-sector strength after Kioxia’s upbeat results lifted investor sentiment toward NAND suppliers, supporting Sandisk as AI/cloud customers lock in flash supply. As Kioxia earnings kick memory stocks into gear, should you buy SanDisk here?
• Positive Sentiment: Technical/order-flow bulls: a Benzinga report flags a Power Inflow alert (institutional/retail order-flow signal) that traders track, which helped push buying interest into SNDK. Sandisk Shares Rise Over 3% Following Key Trading Signal
• Positive Sentiment: Underlying fundamentals remain supportive: recent quarterly results showed revenue and EPS beats and strong revenue growth—helping justify investor interest amid AI-driven data-center demand. (Context: company earnings beat consensus in late January.)
• Neutral Sentiment: Shares briefly rebounded intraday after the initial sell-off tied to the offering as buyers stepped in, reflecting short-term volatility rather than a change to fundamentals. SanDisk Stock Fights Back From Early Losses After Offering
• Neutral Sentiment: Western Digital’s sale reduces WDC’s debt burden, which is positive for WDC but only indirectly affects Sandisk’s operations since Sandisk won’t receive proceeds from the sale. Western Digital to sell partial Sandisk stake for $3.17 billion to cut debt
• Negative Sentiment: Western Digital is selling about $3.17B of SNDK shares in a secondary offering; that increased float and prompted a sell-off when announced because Sandisk receives no proceeds and the market views it as added supply risk. Western Digital to sell $3.17 billion stake in Sandisk
• Negative Sentiment: The company publicly launched and later priced the secondary offering (5.82M shares at $545 per share), which triggered immediate downward pressure because selling shareholders — not Sandisk — are offloading stock. Sandisk Announces Pricing of Secondary Offering of Common Stock
• Negative Sentiment: Market reaction included profit-taking and volatility after the stake-sale news; several outlets reported intraday declines tied to the WDC filing and selling pressure. Why SanDisk Stock Dropped 6% on WDC Stake Sale News

Analyst Ratings Changes

A number of brokerages recently commented on SNDK. Fox Advisors raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. China Renaissance initiated coverage on Sandisk in a research report on Friday, December 5th. They issued a “buy” rating and a $322.00 price target for the company. Wedbush raised their price objective on Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Mizuho set a $600.00 price objective on Sandisk in a research report on Tuesday, January 27th. Finally, Jefferies Financial Group boosted their price objective on Sandisk from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and an average price target of $542.85.

Sandisk Stock Up 1.7%

The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The company has a 50-day moving average price of $403.28 and a 200 day moving average price of $228.53. The firm has a market capitalization of $88.60 billion and a PE ratio of -79.10.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The firm’s quarterly revenue was up 61.2% on a year-over-year basis.

Insider Activity at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the transaction, the director owned 3,479 shares in the company, valued at $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDK. Vanguard Personalized Indexing Management LLC purchased a new stake in Sandisk during the third quarter worth $1,136,000. New York State Teachers Retirement System purchased a new position in shares of Sandisk in the 3rd quarter valued at $13,546,000. Sage Rhino Capital LLC bought a new position in shares of Sandisk in the 3rd quarter worth $587,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Sandisk during the 3rd quarter worth $7,046,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Sandisk during the 3rd quarter worth $514,000.

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.