Key Points
- Sandisk EVP Alper Ilkbahar sold 2,000 shares on June 1 for about $3.5 million, reducing his direct stake by 3.66% to 52,677 shares. The trade was disclosed in an SEC filing.
- Sandisk stock slipped 2.6% in the latest session, though it remains near its recent highs, opening at $1,716.36 with a 1-year high of $1,804.00.
- The company has been getting mostly bullish analyst coverage, with a consensus rating of Buy and an average target price of $1,368.73. Recent commentary also points to strong AI-driven memory demand and tight storage markets as major tailwinds.
Sandisk Corporation (NASDAQ:SNDK - Get Free Report) EVP Alper Ilkbahar sold 2,000 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Sandisk Trading Down 2.6%
SNDK stock opened at $1,716.36 on Wednesday. The stock's fifty day simple moving average is $1,093.12 and its two-hundred day simple moving average is $657.86. Sandisk Corporation has a 1-year low of $36.87 and a 1-year high of $1,804.00. The stock has a market cap of $254.18 billion, a P/E ratio of 59.66 and a beta of 4.87.
Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The business had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm's revenue for the quarter was up 251.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have issued reports on SNDK shares. Wedbush boosted their target price on Sandisk from $740.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, April 29th. Jefferies Financial Group restated a "buy" rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. KGI Securities started coverage on Sandisk in a research note on Wednesday, March 18th. They issued an "outperform" rating and a $992.00 target price on the stock. The Goldman Sachs Group restated a "buy" rating and issued a $1,200.00 target price on shares of Sandisk in a research note on Friday, May 1st. Finally, Citigroup boosted their target price on Sandisk from $1,300.00 to $2,025.00 and gave the company a "buy" rating in a research note on Tuesday, May 19th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $1,368.73.
Read Our Latest Research Report on SNDK
Sandisk News Summary
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Multiple articles highlighted Sandisk as a beneficiary of the AI memory supercycle, with analysts and commentators saying tight memory markets, strong pricing, and booming data center demand could keep supporting earnings and valuation. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
- Positive Sentiment: Several bullish pieces said Sandisk remains one of the favored AI memory stocks, with some writers arguing the company is still undervalued despite its huge run and that analysts see additional upside ahead. After SanDisk's Historic Run, Analysts Still See More Upside
- Positive Sentiment: Sandisk was also cited as one of the top-searching and most-followed tickers in May, reflecting strong retail and trader interest that can help keep momentum in the stock. Is Sandisk Corporation (SNDK) One of the Top Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing?
- Positive Sentiment: An article on 247WallSt called Sandisk its favorite stock idea, citing the AI data center buildout as a major tailwind for the company’s storage products. Why Sandisk Corporation Is My Favorite Stock Idea Right Now
- Neutral Sentiment: Sandisk EVP Alper Ilkbahar sold 2,000 shares for about $3.5 million, a modest insider sale that may be viewed as routine profit-taking, though it can still add a little caution for investors. SEC filing
- Negative Sentiment: One article noted that Sandisk’s stock and short interest are both at record highs, which suggests the move has become crowded and could invite volatility if sentiment shifts. SanDisk's stock and short interest both at record highs - do the bears know something?
Hedge Funds Weigh In On Sandisk
Institutional investors have recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. bought a new position in Sandisk in the 1st quarter worth about $25,000. Whittier Trust Co. bought a new position in Sandisk in the 4th quarter worth about $26,000. Greenline Wealth Management LLC bought a new position in Sandisk in the 4th quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sandisk in the 3rd quarter worth about $27,000. Finally, Chung Wu Investment Group LLC bought a new position in Sandisk in the 4th quarter worth about $27,000.
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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