Necip Sayiner Sells 579 Shares of Sandisk (NASDAQ:SNDK) Stock

Sandisk Corporation (NASDAQ:SNDK) Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,452.02 on Wednesday. The stock’s 50-day moving average is $850.04 and its 200 day moving average is $529.60. The company has a market cap of $215.03 billion, a PE ratio of 50.47 and a beta of 4.82. Sandisk Corporation has a 1 year low of $35.79 and a 1 year high of $1,600.00.

Sandisk (NASDAQ:SNDK) last released 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 during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Analysts expect that Sandisk Corporation will post 63.93 EPS for the current fiscal year.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Recent commentary continues to support the AI memory thesis, with analysts and market watchers saying Sandisk remains well positioned to benefit from rising hyperscaler spending and strong demand for NAND and storage products. Why These 3 High-Flying Memory & Storage Stocks Will Rise Further
• Positive Sentiment: Sandisk’s latest earnings and guidance were viewed as strong, reinforcing the bull case after the company reported a record quarter and raised optimism around future AI storage demand. SanDisk (SNDK) Delivered a Record Quarter. The AI Storage Bull Case Is Intact
• Positive Sentiment: Wall Street sentiment remains upbeat, with several firms reiterating buy ratings and some targets far above current trading levels, including a recent $2,000 price target from Susquehanna. SanDisk (SNDK) Stock Soars as Susquehanna Sets Bold $2,000 Price Target
• Neutral Sentiment: A director sold a small stake, which may add to near-term caution, but the transaction was modest relative to the executive’s remaining holdings and does not appear to change the broader story. Necip Sayiner Sells 579 Shares of Sandisk (NASDAQ:SNDK) Stock
• Negative Sentiment: The biggest drag today is sector-wide profit-taking: memory and chip names sold off sharply, with SanDisk cited as one of the leaders of the decline as investors rotated out of overheated semiconductor trades. SanDisk, Micron Stocks Plummet As Korea Shockwave Batters The Great Memory Boom
• Negative Sentiment: Several reports also warn the stock is technically overextended after a massive year-to-date surge, suggesting a pullback was due even without a fundamental setback. What’s Going On With SanDisk Stock Tuesday?

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GHP Investment Advisors Inc. grew its position in Sandisk by 12.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after purchasing an additional 13 shares during the period. Blair William & Co. IL raised its stake 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 buying an additional 17 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Sandisk by 20.2% during the 4th 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. Valley Wealth Managers Inc. purchased a new position in shares of Sandisk in the 1st quarter worth $25,000. Finally, Composition Wealth LLC grew its holdings in shares of Sandisk by 0.4% in the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after acquiring an additional 41 shares during the period.

Wall Street Analysts Forecast Growth

SNDK has been the topic of a number of research analyst reports. Wedbush boosted their price objective on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Wells Fargo & Company boosted their price target on shares of Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and issued a $1,100.00 price target on shares of Sandisk in a research note on Monday, April 27th. Finally, Cantor Fitzgerald raised their price objective on shares of Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,065.81.

About Sandisk

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.