Sandisk (NASDAQ:SNDK) Trading Up 14.3% – Should You Buy?

Sandisk Corporation (NASDAQ:SNDK)’s stock price rose 14.3% during mid-day trading on Tuesday . The stock traded as high as $1,595.64 and last traded at $1,589.40. Approximately 13,555,326 shares were traded during trading, a decline of 17% from the average daily volume of 16,386,246 shares. The stock had previously closed at $1,390.95.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Shares rose as memory-chip stocks rebounded, with traders buying the dip after recent weakness in AI and semiconductor names and betting the pullback may have run its course.
• Positive Sentiment: UBS said the momentum unwind in semiconductors could be nearing its end, which may allow investors to rebuild positions in names like Sandisk. Article: UBS sees Broadcom, Sandisk, Oracle stocks rebounding: here’s why
• Positive Sentiment: Bernstein analyst Mark Newman reiterated a bullish 12-month view on Sandisk, reinforcing the case that the recent drop was more about sentiment than fundamentals. Article: Wall Street analyst sets SNDK stock price target for 12 months
• Positive Sentiment: Commentary from market strategists and investors suggested the “AI memory” trade could benefit from a bigger hardware upgrade cycle ahead, which supports a more constructive longer-term outlook for Sandisk. Article: AAPL, HPQ, SNDK, WDC: Gene Munster Says ‘Memory Hog’ AI Will Trigger a Massive 2027 Upgrade Cycle
• Neutral Sentiment: Several market wrapups framed Sandisk as one of the stocks explaining the broader tech rebound, but these items were more commentary on sector momentum than company-specific news. Article: The AI Trade Is Back With a Bang—Just Look at Sandisk Stock
• Negative Sentiment: The main headwind remains recent volatility: Sandisk had fallen sharply over the prior month, so some of the rebound may simply reflect a short-covering and oversold bounce rather than a full recovery in fundamentals.

Wall Street Analysts Forecast Growth

SNDK has been the topic of a number of research analyst reports. Sanford C. Bernstein upped their target price on Sandisk from $1,700.00 to $3,000.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a research report on Friday, May 1st. UBS Group set a $1,700.00 target price on shares of Sandisk in a research report on Monday, May 4th. Evercore set a $3,100.00 price target on shares of Sandisk in a report on Monday, July 13th. Finally, Mizuho increased their price target on shares of Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and a consensus price target of $1,803.29.

Sandisk Stock Performance

The stock has a market capitalization of $235.37 billion, a P/E ratio of 55.25 and a beta of 4.74. The firm has a 50-day moving average price of $1,743.12 and a 200 day moving average price of $1,056.26.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The company 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 business’s quarterly revenue was up 251.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities analysts anticipate that Sandisk Corporation will post 64.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Sandisk

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 6,225 shares of company stock valued at $10,166,297 over the last ninety days. Insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Several hedge funds have recently added to or reduced their stakes in SNDK. Valley Wealth Managers Inc. purchased a new stake in Sandisk during the first quarter valued at about $25,000. Whittier Trust Co. purchased a new position in shares of Sandisk in the fourth quarter worth about $26,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk in the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk in the 4th quarter valued at about $27,000. Finally, IMG Wealth Management Inc. purchased a new stake in Sandisk during the 1st quarter valued at about $29,000.

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.