Shares of Sandisk Corporation (NASDAQ:SNDK – Get Free Report) were up 10.8% during mid-day trading on Tuesday . The company traded as high as $1,446.62 and last traded at $1,427.62. 14,231,170 shares changed hands during trading, a decline of 14% from the average session volume of 16,536,461 shares. The stock had previously closed at $1,288.03.
Sandisk News Roundup
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Sandisk and SK hynix released the first open High Bandwidth Flash (HBF) technical specification through the Open Compute Project. The standard, developed with contributions from Google and other industry participants, is intended to support AI-inference workloads and could help create a new market for high-bandwidth flash memory. The announcement improves Sandisk’s long-term growth narrative and commercialization prospects. Sandisk and SK hynix Advance Global Standardization of High Bandwidth Flash
- Positive Sentiment: A separate Sandisk-Kioxia technology announcement highlighted record bit density for next-generation QLC 3D NAND. The 10th-generation flash technology is aimed at AI storage architectures, cloud platforms and other data-intensive applications, reinforcing expectations for stronger enterprise and data-center demand. New 3D Flash Memory Technology from Kioxia and Sandisk
- Positive Sentiment: Expectations for the upcoming earnings report are favorable. Analysts cited rising AI data-center SSD demand, firmer NAND pricing, stronger edge sales from AI PCs and premium smartphones, and increasing TLC/QLC adoption. One bullish preview projects fiscal Q4 revenue of approximately $8.4 billion to $8.7 billion and non-GAAP EPS near $36, above consensus. Sandisk Q4 Preview From A Bear
- Positive Sentiment: Sandisk is benefiting from a broader rebound in AI-linked memory stocks. Stronger-than-expected Palantir results and evidence that businesses are moving from AI experimentation to deployment helped revive demand for semiconductor shares, including SNDK. Why Micron, AMD and SanDisk stocks are leading today’s pre-market rally
- Neutral Sentiment: The earnings report remains the immediate catalyst and risk. Investors will be watching shipment growth versus price increases, enterprise SSD demand, the Stargate data-center ramp, fiscal 2027 contract coverage and first-quarter margin guidance. The stock’s recent volatility means a strong report may already be partly anticipated. SanDisk Stock Faces Earnings Test
- Negative Sentiment: Key downside risks include NAND oversupply, expansion by Chinese competitors such as YMTC, pricing pressure under multi-year contracts and questions about whether recent margin gains are sustainable. A disappointing outlook could trigger renewed selling after the rebound. Sandisk Q4 Earnings Preview
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Citigroup raised their price objective 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. Royal Bank Of Canada boosted their target price on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings cut Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Finally, Argus began coverage on Sandisk in a report on Wednesday, July 15th. They set a “hold” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $1,811.38.
Sandisk Price Performance
The firm has a market capitalization of $211.42 billion, a price-to-earnings ratio of 49.62 and a beta of 5.21. The firm’s fifty day moving average is $1,725.33 and its 200 day moving average is $1,128.02.
Insider Activity at Sandisk
In other Sandisk news, insider Bernard Shek sold 600 shares of Sandisk 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 owned 31,515 shares of the company’s stock, valued at $65,803,320. This trade represents a 1.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% 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 quarter. 0.21% of the stock is owned by corporate insiders.
Institutional Trading of Sandisk
A number of institutional investors have recently bought and sold shares of the company. BIP Wealth LLC acquired a new position in Sandisk in the 2nd quarter worth about $241,000. Summit Global Investments acquired a new stake in shares of Sandisk during the 2nd quarter valued at about $730,000. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Sandisk during the 2nd quarter valued at about $1,685,000. Plan Group Financial LLC acquired a new stake in shares of Sandisk during the 2nd quarter valued at about $682,000. Finally, Towercrest Capital Management bought a new stake in shares of Sandisk in the 2nd quarter valued at approximately $443,000.
About Sandisk
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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