Sandisk Corporation (NASDAQ:SNDK - Get Free Report) Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Sandisk Price Performance
Shares of SNDK opened at $651.90 on Friday. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $725.00. The stock has a market capitalization of $96.22 billion and a P/E ratio of -85.89. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $462.13 and a 200-day moving average of $254.88.
Sandisk (NASDAQ:SNDK - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating the consensus estimate of $3.31 by $2.89. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. Sandisk's quarterly revenue was up 61.2% on a year-over-year basis.
Wall Street Analyst Weigh In
Several analysts have recently commented on SNDK shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $650.00 target price on shares of Sandisk in a report on Friday, January 30th. Sanford C. Bernstein boosted their price target on shares of Sandisk from $300.00 to $580.00 and gave the company an "outperform" rating in a research report on Wednesday, January 14th. Cantor Fitzgerald raised their target price on Sandisk from $550.00 to $800.00 and gave the stock an "overweight" rating in a research note on Friday, January 30th. Wells Fargo & Company increased their target price on shares of Sandisk from $230.00 to $380.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 15th. Finally, Susquehanna boosted their price target on shares of Sandisk from $250.00 to $300.00 and gave the company a "positive" rating in a research report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Sandisk presently has an average rating of "Moderate Buy" and an average target price of $542.85.
View Our Latest Analysis on Sandisk
Sandisk News Summary
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Sandisk partners with SK hynix to develop a global standard for high-bandwidth flash aimed at AI inference — strengthens Sandisk’s position in AI storage, could accelerate enterprise adoption and create product differentiation that supports pricing power. Article Title
- Positive Sentiment: An analyst says an “unprecedented” NAND cycle is unfolding ahead of Sandisk’s presentation — implies prolonged tight supply and strong pricing for flash memory, which supports revenue and margin upside for SNDK. Article Title
- Positive Sentiment: Management presented at Bernstein Insights (tech forum) outlining Sandisk’s roadmap and AI-focused product strategy — public investor engagement helps validate the company’s AI-storage narrative and product pipeline. Article Title
- Neutral Sentiment: Several articles debate whether it’s too late to buy after a massive YTD surge — analysts and columnists note strong fundamentals but warn much of the bull case may already be priced in, urging caution or buying on dips. Article Title
- Neutral Sentiment: Sector momentum: memory stocks (including Sandisk) continue to rally on AI-driven demand and supply tightness — positive tailwind for multiple players but increases correlation and macro risk. Article Title
- Negative Sentiment: Insider selling: director Miyuki Suzuki disclosed a sale of 3,500 shares (~26% reduction in her holding) — creates a short-term negative signal for some investors, though insider selling can be for personal reasons. SEC Filing
- Negative Sentiment: High-profile short report from Citron triggered a sell-off and branded Sandisk as largely a commodity seller vs. differentiated moat competitors — increased volatility and headline risk even as shares recovered intraday. Article Title
Hedge Funds Weigh In On Sandisk
Several hedge funds and other institutional investors have recently modified their holdings of the company. Blair William & Co. IL raised its position in Sandisk by 0.3% during the 4th quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider's stock valued at $1,255,000 after purchasing an additional 17 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Sandisk by 20.2% during the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider's stock valued at $52,000 after buying an additional 37 shares during the period. Composition Wealth LLC raised its holdings in shares of Sandisk by 0.4% during the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider's stock valued at $2,445,000 after acquiring an additional 41 shares in the last quarter. Westfuller Advisors LLC raised its holdings in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Sandisk by 4.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,099 shares of the data storage provider's stock worth $261,000 after acquiring an additional 46 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.
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