Sandisk (NASDAQ:SNDK) Shares Up 1.3% – Should You Buy?

Posted by George Bondi on Aug 28th, 2026

Shares of Sandisk Corporation (NASDAQ:SNDK – Get Free Report) rose 1.3% during mid-day trading on Wednesday . The company traded as high as $1,511.77 and last traded at $1,499.37. 8,172,255 shares were traded during trading, a decline of 50% from the average session volume of 16,316,539 shares. The stock had previously closed at $1,480.77.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Major Japan investment supports long-term capacity growth: Sandisk and Kioxia plan to invest more than $31 billion in Japanese memory infrastructure through 2032, contingent on government support. The spending should expand flash-memory supply, strengthen their joint venture and position Sandisk to benefit from data-center and AI demand. Kioxia and Sandisk to Invest Over $31 Billion in Japan
Positive Sentiment: AI demand remains a key bullish catalyst: Analysts cited pricing strength, supply constraints and multiyear agreements as factors supporting stronger near-term growth. Sandisk’s data-center business is expanding rapidly as demand increases for NAND flash and enterprise solid-state drives. KLAC vs. SNDK: Which Semiconductor Stock Is a Better Buy Now?
Neutral Sentiment: Nvidia’s outlook provided a positive read-through, but not enough to sustain momentum: Nvidia’s results suggested continued strength in AI-related memory demand, initially lifting memory suppliers. However, investors later focused on company-specific concerns, causing Sandisk and other memory stocks to move lower even as the broader technology sector remained supported. Why Memory Stocks Are Falling Despite Nvidia’s Results
Negative Sentiment: Elevated expectations and valuation are increasing volatility: After an extraordinary rally, commentary questioned whether Sandisk has already captured much of its AI-driven upside. Profit-taking and concerns that future growth is already reflected in the stock may be weighing on shares. After Surging 3,110%, Has Sandisk Already Had Its Nvidia Moment?
Negative Sentiment: Policy and competitive risks remain concerns: Reports of potential U.S. administration actions affecting memory-chip companies, along with China’s YMTC pursuing greater NAND-market share, introduced additional uncertainty for Sandisk’s supply chain and competitive position. Memory Stocks Micron and SanDisk Are Sliding

Analysts Set New Price Targets

Several brokerages recently commented on SNDK. Evercore restated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 13th. Citigroup lowered their price objective on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. JPMorgan Chase & Co. started coverage on shares of Sandisk in a research note on Friday, August 14th. They set an “overweight” rating and a $2,250.00 target price on the stock. Susquehanna reduced their target price on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a report on Thursday, July 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Sandisk in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $1,998.14.

Check Out Our Latest Analysis on SNDK

Sandisk Trading Down 1.0%

The business has a fifty day moving average price of $1,609.87 and a two-hundred day moving average price of $1,248.71. The company has a market cap of $217.43 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 0.15 and a beta of 5.20.

Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business had revenue of $8.96 billion during the quarter. During the same quarter in the prior year, the business posted $0.29 earnings per share. The business’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its board has initiated a share repurchase program on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This repurchase authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Sandisk news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the sale, the insider owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This trade represents a 1.90% 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 a total of 3,800 shares of company stock valued at $6,504,856 in the last three months. Company insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

A number of institutional investors have recently bought and sold shares of the company. Dogwood Wealth Management LLC increased its position in Sandisk by 14.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after purchasing an additional 6 shares during the last quarter. Nilsine Partners LLC lifted its holdings in shares of Sandisk by 3.2% during the 2nd quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock valued at $514,000 after buying an additional 7 shares during the last quarter. Castle Rock Wealth Management LLC grew its stake in shares of Sandisk by 2.4% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock valued at $969,000 after buying an additional 10 shares in the last quarter. Triumph Capital Management grew its stake in shares of Sandisk by 220.0% in the 2nd quarter. Triumph Capital Management now owns 16 shares of the data storage provider’s stock valued at $36,000 after buying an additional 11 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC grew its stake in shares of Sandisk by 1.6% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 772 shares of the data storage provider’s stock valued at $1,755,000 after buying an additional 12 shares in the last quarter.

Sandisk Company Profile

(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.