Sandisk Corporation (NASDAQ:SNDK – Get Free Report) shares traded down 5.3% during mid-day trading on Thursday. The company traded as low as $1,321.99 and last traded at $1,330.05. 7,151,966 shares were traded during trading, a decline of 52% from the average session volume of 14,771,909 shares. The stock had previously closed at $1,404.77.
Sandisk News Summary
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Analysts remain optimistic ahead of the earnings release, with consensus estimates calling for approximately $46.41 in earnings per share and $10.7 billion in revenue. Sandisk’s results are expected to benefit from AI-driven data-center demand, increasing enterprise SSD use, edge-storage growth and favorable NAND pricing. Sandisk Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
- Positive Sentiment: Long-term customer agreements reportedly worth $91.1 billion could help Sandisk reduce the traditional volatility of its NAND business and support longer-term profitability. Strong results and guidance from SK Hynix also indicated that memory demand tied to artificial intelligence may remain robust through 2030. Sandisk’s Surging Profits Face a Critical Test
- Neutral Sentiment: Sandisk is scheduled to report fiscal Q1 2027 results today, making the stock highly sensitive to its revenue, margin and forward-guidance outlook. Options markets imply a potentially large post-earnings move, reflecting elevated uncertainty rather than a clear directional signal. SanDisk Last-Minute Q1 Earnings Alert
- Negative Sentiment: A weaker-than-expected report from Alphabet pressured technology shares, while a steep drop in Samsung Electronics cooled enthusiasm across the memory sector. The move reversed some of the prior session’s rally that followed SK Hynix’s strong earnings and outlook. Why are Micron, SK Hynix and SanDisk stocks falling on Thursday?
- Negative Sentiment: Investors appear to be taking profits after Sandisk’s substantial recent gains and are demanding confirmation that the memory rally, pricing power and AI-related demand can support the company’s elevated valuation. Sandisk and Micron Slide as Samsung Miss Cools Memory Rally
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Argus upgraded Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 target price on the stock in a research report on Monday, August 10th. Citigroup reissued a “buy” rating on shares of Sandisk in a research report on Thursday, October 1st. Weiss Ratings lowered shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 14th. China Renaissance lifted their price target on Sandisk from $2,000.00 to $2,250.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Cantor Fitzgerald decreased their price target on Sandisk from $2,900.00 to $2,200.00 and set an “overweight” rating for the company in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $2,093.73.
Get Our Latest Stock Analysis on Sandisk
Sandisk Stock Performance
The firm has a market capitalization of $192.23 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 0.12 and a beta of 5.23. The business’s 50 day moving average is $1,571.68 and its two-hundred day moving average is $1,242.27.
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its 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. The business had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. Sandisk’s quarterly revenue was up 371.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities research analysts predict that Sandisk Corporation will post 208.94 EPS for the current year.
Sandisk announced that its board has authorized a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $14 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Share repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
Insider Activity
In related news, insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total transaction of $1,040,964.00. Following the transaction, the insider owned 25,588 shares in the company, valued at $44,393,644.72. The trade was a 2.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares of the company’s stock, valued at $602,709,911.65. The trade was a 8.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,899 shares of company stock worth $121,159,122 in the last quarter. Insiders own 0.29% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Sandisk in the 2nd quarter worth $23,408,732,000. Situational Awareness LP raised its stake in Sandisk by 42.4% during the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after buying an additional 743,325 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Sandisk by 71.2% in the second quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock worth $2,425,811,000 after acquiring an additional 443,714 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Sandisk by 57.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 726,722 shares of the data storage provider’s stock worth $1,652,370,000 after acquiring an additional 264,935 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Sandisk in the second quarter valued at about $1,621,353,000.
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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