Sandisk (NASDAQ:SNDK) Trading Up 1.5% – Here’s What Happened

Posted by Brian Himes on Sep 9th, 2026

Sandisk Corporation (NASDAQ:SNDK – Get Free Report)’s share price was up 1.5% during mid-day trading on Wednesday . The stock traded as high as $1,807.22 and last traded at $1,764.17. Approximately 9,515,690 shares traded hands during trading, a decline of 41% from the average daily volume of 16,090,653 shares. The stock had previously closed at $1,737.99.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: AI demand and improving memory-market conditions are driving the advance. Goldman Sachs reportedly believes the worst of the memory downturn may be over, while other analysts expect strong data-center demand to support NAND pricing. Some forecasts suggest memory prices could rise substantially, benefiting Sandisk’s revenue and margins. Memory stocks rally article
Positive Sentiment: Wall Street remains broadly constructive. Citi reaffirmed its Buy rating and $2,100 price target, citing strengthening AI-driven NAND demand. Analysts also point to Sandisk’s long-term agreements, estimated at $93.9 billion of minimum revenue, and growing adoption of higher-margin “New Business Models” as potential ways to reduce traditional NAND cyclicality. Citi Buy rating article
Positive Sentiment: Recent operating results provide fundamental support. Sandisk’s latest quarterly earnings exceeded estimates, with revenue up 371.6% year over year, and management guided to $44-$46 of EPS for fiscal first-quarter 2027. The company has also authorized a $14 billion share buyback, potentially supporting earnings per share and investor demand. Sandisk earnings and buyback information
Neutral Sentiment: Analysts disagree on how much upside remains. Sandisk is up more than 648% year to date, and some valuation models argue that expectations have moved ahead of fundamentals. The stock’s high beta and sharp momentum make it especially sensitive to changes in memory prices, AI spending or investor sentiment. Sandisk valuation outlook article
Negative Sentiment: Insider selling and a ratings downgrade are cautionary signals. Two insiders disclosed sales totaling nearly $12 million during September, including transactions conducted under Rule 10b5-1 plans. Separately, Zacks Research downgraded SNDK from Strong Buy to Hold, highlighting risk after the powerful run. Sandisk insider trading article

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SNDK shares. Mizuho reduced their price target on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Weiss Ratings raised shares of Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Jefferies Financial Group reissued a “buy” rating on shares of Sandisk in a research report on Thursday, August 6th. Finally, Susquehanna decreased their price target on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and an average target price of $1,998.14.

View Our Latest Analysis on Sandisk

Sandisk Trading Up 1.5%

The firm has a fifty day moving average of $1,526.40 and a two-hundred day moving average of $1,305.86. The company has a market cap of $258.31 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 0.17 and a beta of 5.17.

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

Sandisk announced that its board has initiated a stock repurchase plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Bernard Shek sold 2,308 shares of Sandisk stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the completion of the transaction, the insider directly owned 25,305 shares in the company, valued at approximately $44,722,285.65. The trade was a 8.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the sale, the executive vice president directly owned 44,134 shares in the company, valued at $67,991,957.72. The trade was a 9.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,220 shares of company stock worth $14,829,223 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sandisk

A number of large investors have recently made changes to their positions in SNDK. Valley Wealth Managers Inc. purchased a new stake in Sandisk during the 1st quarter worth about $25,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk during the fourth quarter valued at about $26,000. IMG Wealth Management Inc. purchased a new stake in shares of Sandisk in the first quarter worth about $29,000. Dunhill Financial LLC bought a new position in shares of Sandisk in the second quarter valued at approximately $30,000. Finally, Parallel Advisors LLC purchased a new position in Sandisk during the third quarter valued at approximately $30,000.

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.