Sandisk Corporation (NASDAQ:SNDK – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $1,600.00 and last traded at $1,543.8160, with a volume of 3086622 shares traded. The stock had previously closed at $1,562.34.
Analyst Ratings Changes
A number of equities analysts have commented on SNDK shares. KGI Securities started coverage on shares of Sandisk in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Wall Street Zen upgraded shares of Sandisk from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Bank of America lifted their target price on shares of Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Evercore reiterated an “outperform” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,065.81.
View Our Latest Research Report on Sandisk
Sandisk Stock Performance
Sandisk (NASDAQ:SNDK – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the firm earned ($0.30) EPS. The firm’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts expect that Sandisk Corporation will post 63.93 earnings per share for the current fiscal year.
Insider Activity at Sandisk
In other news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Sandisk
Several institutional investors have recently modified their holdings of SNDK. Valley Wealth Managers Inc. acquired a new position in Sandisk during the first quarter valued at approximately $25,000. Whittier Trust Co. acquired a new position in Sandisk during the fourth quarter valued at approximately $26,000. Greenline Wealth Management LLC acquired a new position in Sandisk during the fourth quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Sandisk during the third quarter valued at approximately $27,000. Finally, Chung Wu Investment Group LLC acquired a new position in Sandisk during the fourth quarter valued at approximately $27,000.
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.
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