Sandisk (NASDAQ:SNDK) Shares Up 2.1% After Analyst Upgrade

Sandisk Corporation (NASDAQ:SNDK) rose 2.1% during trading on Monday after Argus upgraded the stock from a hold rating to a buy rating. The company traded as high as $1,278.76 and last traded at $1,237.92. Approximately 10,582,963 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 16,501,154 shares. The stock had previously closed at $1,212.21.

SNDK has been the subject of several other reports. Evercore set a $2,800.00 price objective on Sandisk in a research note on Thursday. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a report on Friday, May 1st. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Bank of America increased their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,853.14.

Insider Transactions at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the 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 transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,246 shares of company stock worth $9,993,292 in the last ninety days. Insiders own 0.21% of the company’s stock.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst upgrades and bullish price views support the stock. Argus upgraded Sandisk from “Hold” to “Buy,” while Cantor Fitzgerald said the semiconductor selloff appears overdone and included Sandisk among its preferred names. Other commentary characterizes the decline as a potential buy-the-dip opportunity. Benzinga Cantor semiconductor stock commentary
• Positive Sentiment: AI and data-center demand remain key catalysts. Sandisk is shifting toward enterprise SSDs and AI infrastructure, with data-center revenue more than doubling and accounting for 38% of bits shipped. Long-term contracts and reported minimum revenue commitments of $93.9 billion provide visibility as hyperscalers continue increasing capital spending. Seeking Alpha article
• Positive Sentiment: Recent results showed substantial earnings momentum. Sandisk reported quarterly EPS of $39.25 versus the $33.28 consensus, while revenue rose 371.6% year over year. Commentary also highlights market-share gains, elevated NAND prices, and a newly announced high-bandwidth flash standard as potential longer-term growth drivers. High-bandwidth flash standard article
• Neutral Sentiment: Valuation comparisons are mixed. A Zacks analysis compares Sandisk with NetApp for value investors, while other reports note that Sandisk’s extraordinary rally has made it a possible stock-split candidate. No split has been announced, and a split would not alter the company’s underlying value. Zacks valuation comparison
• Negative Sentiment: Mixed outlook and valuation concerns are weighing on sentiment. Investors are questioning whether strong NAND pricing can persist, while guidance appears less compelling than the recent results. Analysts also point to memory-cycle volatility, execution risk, and the stock’s unusually large advance as reasons for caution; several articles rate Sandisk a hold despite its long-term potential. SanDisk risk analysis

Hedge Funds Weigh In On Sandisk

Hedge funds have recently modified their holdings of the stock. Great Lakes Advisors LLC bought a new position in shares of Sandisk in the 2nd quarter valued at approximately $53,834,000. Comprehensive Financial Planning Inc. PA bought a new stake in Sandisk during the second quarter worth approximately $3,154,000. Robotti Robert acquired a new position in Sandisk during the second quarter valued at approximately $6,910,000. Danske Bank A S acquired a new position in Sandisk during the second quarter valued at approximately $29,843,000. Finally, Artemis Wealth Advisors LLC bought a new position in shares of Sandisk in the second quarter valued at approximately $628,000.

Sandisk Stock Up 2.1%

The company has a market cap of $183.32 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 0.13 and a beta of 5.21. The stock’s 50-day moving average price is $1,699.98 and its 200 day moving average price is $1,153.55.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm’s revenue was up 371.6% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts expect that Sandisk Corporation will post 187.19 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

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.