Sandisk (NASDAQ:SNDK) Trading Down 11% – Should You Sell?

Posted by Francis Steltz on Jul 29th, 2026

Sandisk Corporation (NASDAQ:SNDK – Get Free Report)’s share price traded down 11% during mid-day trading on Monday . The company traded as low as $1,222.01 and last traded at $1,278.23. 20,922,027 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 16,338,837 shares. The stock had previously closed at $1,436.56.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Sandisk remains a major beneficiary of AI infrastructure demand, with memory and storage growth helping it outperform NVIDIA over the past year. Its latest quarterly results were also strong: earnings significantly exceeded expectations, revenue rose 251% year over year, and management issued optimistic fourth-quarter earnings guidance. 2 AI Stocks That Beat NVIDIA – and Could Soar Even Higher
Positive Sentiment: Despite the selloff, analysts’ forward estimates imply a much lower valuation than the trailing price-to-earnings ratio—about seven times projected next-year earnings versus roughly 43 times historical earnings. That valuation could support a rebound if memory pricing, AI demand and earnings growth remain strong. Sandisk Trades at 43 Times Earnings and 7 Times Next Year’s Earnings Estimates
Neutral Sentiment: Technical indicators point to a high-risk phase: SNDK has broken below important moving averages and reached its lowest level since May 1. Some investors view the sharp retreat as a potential buying opportunity, but the stock’s unusually high beta means volatility may remain extreme. SanDisk stock falls as Wyckoff theory flags a risky phase
Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) made a high-profile market debut, while reports that China is developing domestic DUV lithography equipment heightened fears that Chinese companies are narrowing the technology gap in NAND and other memory products. Investors worry this could increase supply, pressure pricing and reduce Sandisk’s long-term margins. Why are Micron, Sandisk, and SK Hynix stocks falling today?
Negative Sentiment: Sandisk has suffered several consecutive double-digit declines as investors unwind crowded AI and semiconductor positions. Broader worries about rising AI infrastructure costs, excessive valuations and a possible AI bubble have intensified the sector-wide selloff, dragging SNDK lower alongside Micron, SK Hynix, AMD and other chip stocks. Chip Stocks Extend Pullback Amid AI Bubble Fears

Wall Street Analyst Weigh In

Several brokerages have recently commented on SNDK. Raymond James Financial reissued an “outperform” rating and set a $1,470.00 price target on shares of Sandisk in a research note on Friday, May 1st. Morgan Stanley raised their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. UBS Group set a $1,700.00 price objective on Sandisk in a report on Monday, May 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a research report on Friday, May 1st. Finally, Melius Research set a $2,350.00 price target on Sandisk in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $1,811.38.

Read Our Latest Stock Analysis on Sandisk

Sandisk Trading Down 6.0%

The stock has a market capitalization of $152.65 billion, a price-to-earnings ratio of 36.07 and a beta of 4.74. The business has a 50 day simple moving average of $1,747.20 and a 200-day simple moving average of $1,104.73.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share 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 business had revenue of $5.95 billion for the quarter. During the same quarter in the previous year, the company earned ($0.30) earnings per share. The company’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts predict that Sandisk Corporation will post 64.52 EPS for the current year.

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the completion of the sale, the insider directly owned 31,515 shares of the company’s stock, valued at $65,803,320. The trade was a 1.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the company’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 of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,225 shares of company stock worth $10,166,297 in the last 90 days. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. purchased a new position in shares of Sandisk in the 2nd quarter worth about $317,000. Merit Financial Group LLC purchased a new stake in shares of Sandisk during the 3rd quarter worth about $408,000. Dimensional Fund Advisors LP purchased a new stake in shares of Sandisk during the 3rd quarter worth about $100,080,000. First Trust Advisors LP acquired a new stake in Sandisk during the 3rd quarter worth approximately $9,788,000. Finally, Blair William & Co. IL acquired a new stake in Sandisk during the 3rd quarter worth approximately $591,000.

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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.