Sandisk (NASDAQ:SNDK) Hits New 12-Month High – Here’s What Happened
by Doug Wharley · The Cerbat GemShares of Sandisk Corporation (NASDAQ:SNDK – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $285.00 and last traded at $275.02, with a volume of 3971169 shares trading hands. The stock had previously closed at $275.24.
Analyst Upgrades and Downgrades
SNDK has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. Morgan Stanley upped their price target on Sandisk from $263.00 to $273.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Barclays raised their price objective on Sandisk from $39.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Benchmark reaffirmed a “buy” rating on shares of Sandisk in a research report on Thursday, December 18th. Finally, Mizuho increased their price target on Sandisk to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and an average price target of $213.33.
Get Our Latest Stock Analysis on SNDK
Sandisk Stock Down 2.2%
The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. The firm has a market capitalization of $39.43 billion and a price-to-earnings ratio of 840.78. The business has a fifty day moving average price of $226.28 and a two-hundred day moving average price of $126.35.
Sandisk (NASDAQ:SNDK – Get Free Report) last issued its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Sandisk’s revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.
Insider Buying and Selling
In related news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the transaction, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Sandisk
Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Sandisk by 3.2% during the fourth quarter. GAMMA Investing LLC now owns 4,042 shares of the data storage provider’s stock worth $959,000 after buying an additional 126 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sandisk during the 3rd quarter worth about $27,000. CVA Family Office LLC acquired a new stake in shares of Sandisk during the 3rd quarter valued at about $28,000. Parallel Advisors LLC purchased a new position in shares of Sandisk in the 3rd quarter valued at about $30,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Sandisk in the 3rd quarter worth about $32,000.
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.