Sandisk Corporation (NASDAQ:SNDK – Get Free Report) CEO David Goeckeler sold 33,838 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $1,527.87, for a total value of $51,700,065.06. Following the sale, the chief executive officer owned 413,410 shares of the company’s stock, valued at approximately $631,636,736.70. The trade was a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sandisk Stock Down 0.7%
SNDK traded down $10.93 on Wednesday, reaching $1,519.97. The company’s stock had a trading volume of 7,332,871 shares, compared to its average volume of 10,449,163. The company has a market capitalization of $222.55 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 0.15 and a beta of 5.17. Sandisk Corporation has a fifty-two week low of $90.22 and a fifty-two week high of $2,354.39. The stock has a 50 day moving average of $1,508.03 and a two-hundred day moving average of $1,346.94.
Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion for the quarter. During the same period in the previous year, the business posted $0.29 EPS. The firm’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. As a group, analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.
Sandisk News Summary
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Analysts argue that Sandisk’s NAND bit supply contracts could improve earnings visibility and support structural margin expansion. Management’s targets of approximately 80% non-GAAP gross margins and 75% operating margins through fiscal 2028–2030 imply substantially higher normalized earnings power. Sandisk: The Market Is Still Underestimating Its New Earnings Power
- Positive Sentiment: AI infrastructure demand remains a key catalyst, as data centers and edge devices require increasing storage capacity. Investment commentary continues to identify Sandisk as an attractive way to participate in the expanding AI-related storage market. SandiskCorp. (SNDK): AI Boom Fuels Attractive Storage Market Opportunity
- Positive Sentiment: Sandisk has also attracted attention as a growth stock with potential upside, while its share-repurchase program may provide incremental support by reducing the number of shares outstanding. 3 Growth Stocks With 30%+ Upside to Buy This Week
- Neutral Sentiment: Memory-chip stocks, including Sandisk, have rebounded as some concerns about excessive AI spending eased. However, the move appears tied partly to sector-wide trading and changing investor sentiment rather than a new company-specific announcement. Why Are Memory Chip Stocks Rising in Pre-Market Trading?
- Negative Sentiment: The main near-term headwind is a sharp reversal in AI-linked hardware shares after industry figures questioned the pace of frontier-model development. Sandisk’s high valuation makes it particularly sensitive to profit-taking and changes in AI-investment expectations. Nvidia, SanDisk, AMD Stocks Rebound
- Negative Sentiment: Competitive pressure from Micron and Seagate, along with debate over whether Sandisk’s valuation already reflects its AI-storage opportunity, could limit further gains. SNDK Capitalizes on AI Storage Growth
Wall Street Analyst Weigh In
Several equities analysts have issued reports on SNDK shares. Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. UBS Group reissued an “overweight” rating and issued a $1,750.00 target price on shares of Sandisk in a report on Friday, August 14th. Wells Fargo & Company upped their target price on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Cantor Fitzgerald restated an “overweight” rating and set a $2,900.00 price target on shares of Sandisk in a research note on Monday, August 10th. Finally, Bank of America lifted their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $1,998.14.
Get Our Latest Stock Report on Sandisk
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SNDK. Dogwood Wealth Management LLC raised its holdings in Sandisk by 14.3% during the second 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 in the last quarter. Nilsine Partners LLC increased its position in Sandisk by 3.2% during the 2nd quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after purchasing an additional 7 shares during the period. Insight Wealth Partners LLC increased its position in Sandisk by 0.4% during the 2nd quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after purchasing an additional 7 shares during the period. Cornerstone Financial Management LLC raised its stake in shares of Sandisk by 60.0% during the 2nd quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock worth $55,000 after buying an additional 9 shares in the last quarter. Finally, Castle Rock Wealth Management LLC raised its stake in shares of Sandisk by 2.4% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock worth $969,000 after buying an additional 10 shares in the last quarter.
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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