Sandisk (NASDAQ:SNDK) Insider Bernard Shek Sells 600 Shares of Stock

by · The Markets Daily

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $1,525.60, for a total value of $915,360.00. Following the transaction, the insider owned 29,884 shares of the company’s stock, valued at $45,591,030.40. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 stock was 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 stock was sold at an average price of $2,088.00, for a total value of $1,252,800.00.

Sandisk Stock Up 1.1%

SNDK stock opened at $1,553.40 on Thursday. Sandisk Corporation has a twelve month low of $50.65 and a twelve month high of $2,354.39. The stock’s 50 day moving average is $1,565.94 and its 200-day moving average is $1,275.38. The firm has a market capitalization of $227.45 billion, a PE 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 announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company’s quarterly revenue was up 371.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities research analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk declared that its board has initiated a share buyback program on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SNDK. Bank of America increased their target price on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Cantor Fitzgerald restated an “overweight” rating and set a $2,900.00 price target on shares of Sandisk in a report on Monday, August 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $2,200.00 price objective on shares of Sandisk in a research report on Thursday, August 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Finally, Citigroup decreased their price objective on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Sandisk has a consensus rating of “Buy” and a consensus target price of $1,998.14.

Get Our Latest Stock Report on Sandisk

Trending Headlines about 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

Institutional Investors Weigh In On Sandisk

Large investors have recently made changes to their positions in the business. Osaic Holdings Inc. bought a new stake in shares of Sandisk during the 2nd quarter worth $317,000. Merit Financial Group LLC bought a new position in Sandisk during the third quarter valued at about $408,000. Dimensional Fund Advisors LP bought a new position in Sandisk during the third quarter valued at about $100,080,000. First Trust Advisors LP purchased a new stake in Sandisk during the third quarter worth about $9,788,000. Finally, Blair William & Co. IL purchased a new stake in Sandisk during the third quarter worth about $591,000.

About Sandisk

(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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