Sandisk (NASDAQ:SNDK) Shares Up 13.7% – Should You Buy?

Sandisk Corporation (NASDAQ:SNDK)’s share price was up 13.7% during trading on Wednesday. The stock traded as high as $1,011.05 and last traded at $977.69. 15,790,707 shares traded hands during trading, an increase of 7% from the average session volume of 14,814,410 shares. The stock had previously closed at $859.99.

Key Sandisk News

Here’s some of the latest news about SNDK:

• Positive Sentiment: A new product reveal helped draw attention to SanDisk, with the company also benefiting from a broader AI-stock rebound. The report did not specify product details. Article: SanDisk Stock Soars on Product Reveal and AI Revival
• Positive Sentiment: AI data-center operator CoreWeave beat sales and earnings forecasts and raised its 2026 capital-spending outlook to $37–39 billion. That supports expectations for continued infrastructure investment and memory-storage demand, though it is an industry signal rather than a disclosed SanDisk order. Article: Why SanDisk Stock Popped Today
• Negative Sentiment: Investors remain wary after a sharp recent selloff, citing regulatory concerns, uncertainty about how sustainable AI demand will be, and competitive pressure. Counterpoint Research data cited in coverage put SanDisk’s NAND market share at 11%, versus 14% for China’s YMTC. Article: Why SanDisk Stock Dropped Again

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SNDK shares. Weiss Ratings downgraded Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 14th. UBS Group restated an “overweight” rating and issued a $1,750.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $2,400.00 price objective on shares of Sandisk in a research note on Friday, October 30th. Arete Research lifted their target price on shares of Sandisk from $2,300.00 to $3,000.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, BNP Paribas Exane decreased their target price on shares of Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $2,056.23.

Sandisk Stock Performance

The firm has a market capitalization of $139.12 billion, a price-to-earnings ratio of 7.84, a P/E/G ratio of 0.07 and a beta of 5.66. The company has a 50 day moving average price of $1,478.33 and a two-hundred day moving average price of $1,268.68.

Sandisk shares are going to split on Friday, November 20th. The 8-1 split was announced on Thursday, October 29th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, November 19th.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, October 29th. The data storage provider reported $49.51 earnings per share for the quarter, topping analysts’ consensus estimates of $46.19 by $3.32. The company had revenue of $11.03 billion during the quarter. Sandisk had a net margin of 67.04% and a return on equity of 125.70%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.22 earnings per share. On average, equities analysts expect that Sandisk Corporation will post 226.01 earnings per share for the current fiscal year.

Sandisk announced that its board has approved a share repurchase program on Wednesday, August 5th that authorizes the company to repurchase $14 billion in outstanding shares. This buyback authorization authorizes the data storage provider to purchase up to 6.6% of its shares through open market purchases. Share buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at Sandisk

In related news, CFO Luis Visoso sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the transaction, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. This trade represents a 0.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction dated 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 owned 382,865 shares in the company, valued at approximately $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. 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 have sold 77,899 shares of company stock worth $121,156,782 in the last quarter. Company insiders own 0.29% of the company’s stock.

Institutional Trading of Sandisk

Large investors have recently made changes to their positions in the company. Mayflower Financial Advisors LLC purchased a new position in Sandisk in the 3rd quarter valued at $219,000. Advisors Asset Management Inc. acquired a new stake in shares of Sandisk in the third quarter valued at about $24,294,000. Edmond DE Rothschild Holding S.A. raised its position in shares of Sandisk by 260.9% in the third quarter. Edmond DE Rothschild Holding S.A. now owns 812 shares of the data storage provider’s stock valued at $1,413,000 after buying an additional 587 shares during the last quarter. Private Wealth Asset Management LLC raised its position in shares of Sandisk by 756.8% in the third quarter. Private Wealth Asset Management LLC now owns 1,251 shares of the data storage provider’s stock valued at $2,177,000 after buying an additional 1,105 shares during the last quarter. Finally, Alteri Wealth LLC lifted its stake in shares of Sandisk by 4.9% in the third quarter. Alteri Wealth LLC now owns 302 shares of the data storage provider’s stock worth $525,000 after buying an additional 14 shares in the last quarter.

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.