Key Points
- Insider Bernard Shek sold 600 Sandisk shares for $915,360 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 1.97% to 29,884 shares.
- Sandisk reported quarterly EPS of $39.25, beating estimates by $5.97, while revenue surged 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share-repurchase program.
- Analysts remain broadly bullish, with a consensus “Buy” rating and a $1,998.14 target price, though investors face risks from memory-market cyclicality, Chinese competition, tariffs and elevated stock volatility.
Sandisk Corporation (NASDAQ:SNDK - Get Free Report) insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the completion of the sale, the insider directly owned 29,884 shares in the company, valued at $45,591,030.40. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Bernard Shek also recently made the following trade(s):
- On Monday, August 3rd, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00.
- On Wednesday, July 1st, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00.
Sandisk Price Performance
NASDAQ:SNDK opened at $1,553.40 on Thursday. The business has a fifty day simple moving average of $1,565.94 and a two-hundred day simple moving average of $1,275.38. Sandisk Corporation has a 1 year low of $50.65 and a 1 year high of $2,354.39. The company has a market capitalization of $227.45 billion, a P/E ratio of 21.31, a P/E/G ratio of 0.15 and a beta of 5.17.
Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating analysts' consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion for the quarter. During the same period in the prior year, the company earned $0.29 EPS. The firm's quarterly revenue was up 371.6% on a year-over-year basis. 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 year.
Sandisk announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This repurchase authorization permits the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.
Institutional Investors Weigh In On Sandisk
Several hedge funds have recently bought and sold shares of SNDK. Dunhill Financial LLC purchased a new stake in shares of Sandisk during the 2nd quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Sandisk in the second quarter worth $32,000. Kilter Group LLC purchased a new position in Sandisk in the second quarter worth $32,000. KERR FINANCIAL PLANNING Corp bought a new position in Sandisk in the second quarter valued at $34,000. Finally, Triumph Capital Management increased its stake in Sandisk by 220.0% in the second quarter. Triumph Capital Management now owns 16 shares of the data storage provider's stock valued at $36,000 after acquiring an additional 11 shares during the last quarter.
Key Stories Impacting Sandisk
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Analysts and financial publications continue to highlight SanDisk as an AI data-center beneficiary, alongside NVIDIA, Micron and Lam Research. The investment thesis centers on rising demand for storage infrastructure as AI workloads expand. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
- Positive Sentiment: A bullish Seeking Alpha analysis upgraded SNDK to Strong Buy, citing extraordinary AI-fueled growth, potential operating leverage, long-term contracts and business models that could reduce the company’s historical cyclicality. SanDisk’s latest results showed revenue growth of 371.6% year over year and earnings well above consensus. Sandisk: Dirt Cheap For No Good Reason (Rating Upgrade)
- Positive Sentiment: Another investor commentary argues that the market is underestimating SanDisk’s supply-and-demand advantage and the strength of the memory upcycle. Zacks also added SNDK to its Rank #1 Strong Buy list, reinforcing favorable near-term sentiment. There’s No Good Reason, Says Top Investor About SanDisk Stock
- Neutral Sentiment: Comparisons with ARM emphasize SanDisk’s much larger revenue base and sharply faster recent sequential growth, while separate analysis warns that investors should not underestimate the cyclical nature of the memory industry. ARM vs. Sandisk
- Negative Sentiment: Reports that China’s CXMT has made progress on an AI memory chip revived concerns that domestic Chinese competition could pressure SanDisk’s pricing, market share and future growth. MU and SNDK’s Nascent Rebound Faces a New Test
- Negative Sentiment: Chip-tariff uncertainty, rising bond yields and a broader move away from high-risk technology assets pressured the shares in recent sessions. Commentary also noted that billionaire investor David Tepper exited during the earlier rally, underscoring concerns about volatility and profit-taking after the stock’s substantial advance. David Tepper Exited SanDisk During Its Historic Rally
Wall Street Analysts Forecast Growth
Several research firms have commented on SNDK. Weiss Ratings raised shares of Sandisk from a "hold (c)" rating to a "buy (b-)" rating in a report on Thursday, August 27th. Bank of America lifted their target price on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Melius Research set a $2,350.00 price target on shares of Sandisk in a research report on Monday, May 18th. Royal Bank Of Canada upped their price target on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a "sector perform" rating in a research note on Friday, August 14th. Finally, New Street Research set a $3,000.00 price objective on shares of Sandisk in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $1,998.14.
View Our Latest Stock Analysis on Sandisk
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.
Further Reading
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