Sandisk (NASDAQ:SNDK) Shares Down 1.4% – Should You Sell?

Posted by Geri Gentry on Sep 21st, 2026

Sandisk Corporation (NASDAQ:SNDK – Get Free Report)’s stock price fell 1.4% on Monday . The stock traded as low as $1,737.01 and last traded at $1,766.64. Approximately 10,293,346 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 15,807,884 shares. The stock had previously closed at $1,791.82.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: AI-driven demand remains a major tailwind for memory suppliers. Analysts and market commentators continue to cite tight memory supply, expanding data-center investment and strong semiconductor trends as reasons for optimism around SanDisk and peers. Why Are AI Memory Chip Stocks Micron and SanDisk Rising Today, and Who Owns Them?
Positive Sentiment: The broader rotation back into technology stocks and continued AI enthusiasm are supportive for high-beta semiconductor shares. SanDisk was also highlighted as a technically constructive stock following its recent recovery and reports tied to S&P 100 inclusion. 3 Bullish Setups for the Week Ahead
Neutral Sentiment: SanDisk’s “memory wall” commentary underscores both opportunity and execution risk: AI systems require substantially more memory, but demand growth depends on continued data-center spending and sufficient power and energy infrastructure. SanDisk says AI has a memory wall problem
Negative Sentiment: China-based CXMT reportedly moved its fifth-generation DRAM process into mass production, with claims of at least 50% more dies per wafer and improved economics. A faster supply ramp could challenge the shortage-driven pricing outlook supporting memory stocks. Micron, SanDisk stocks face a new test today
Negative Sentiment: Analysts also warn that SanDisk’s pricing contracts contain built-in depreciation, potentially limiting the duration of elevated pricing and margins even if near-term memory demand remains strong. Sandisk: Pricing Contracts Have Inbuilt Price Depreciation
Negative Sentiment: Technical analysts see potential resistance after SanDisk’s rapid rebound, increasing profit-taking pressure and helping explain why the stock lagged peers during Monday’s memory rally. SanDisk Stock Recovers, but Technicals Point to a Ceiling Ahead

Analysts Set New Price Targets

A number of research firms recently commented on SNDK. JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price target on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Argus upgraded Sandisk from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Evercore reiterated an “outperform” rating on shares of Sandisk in a research report on Thursday, August 13th. Finally, Morgan Stanley upped their price target on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,998.14.

Check Out Our Latest Stock Report on SNDK

Sandisk Price Performance

The company has a market capitalization of $258.67 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 0.18 and a beta of 5.17. The firm has a fifty day moving average price of $1,500.67 and a 200-day moving average price of $1,362.09.

Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating 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 company had revenue of $8.96 billion during the quarter. During the same quarter in the previous year, the company posted $0.29 EPS. Sandisk’s quarterly revenue 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, research analysts forecast that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its Board of Directors has approved a share buyback plan on Wednesday, August 5th that allows the company to buyback $14.00 billion in outstanding shares. This buyback authorization allows the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 4,712 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the transaction, the executive vice president directly owned 44,134 shares in the company, valued at approximately $67,991,957.72. The trade was a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,838 shares of Sandisk stock in a transaction on Monday, September 14th. The stock was sold at an average price of $1,527.87, for a total transaction of $51,700,065.06. Following the completion of the transaction, the chief executive officer owned 413,410 shares in the company, valued at approximately $631,636,736.70. The trade was a 7.57% 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 44,058 shares of company stock valued at $68,098,118 in the last ninety days. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sandisk

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Sandisk in the 2nd quarter worth approximately $23,408,732,000. Norges Bank bought a new stake in shares of Sandisk during the fourth quarter valued at approximately $518,889,000. Geode Capital Management LLC grew its stake in Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after purchasing an additional 1,133,276 shares during the period. Evergreen Quality Fund GP Ltd. bought a new position in Sandisk in the fourth quarter worth $255,848,000. Finally, Situational Awareness LP lifted its position in Sandisk by 816.7% during the fourth quarter. Situational Awareness LP now owns 1,054,200 shares of the data storage provider’s stock valued at $250,246,000 after buying an additional 939,200 shares during the period.

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.