Sandisk (NASDAQ:SNDK) Hits New 12-Month High – Here’s What Happened

Sandisk Corporation (NASDAQ:SNDK)’s share price hit a new 52-week high on Monday . The stock traded as high as $395.16 and last traded at $388.25, with a volume of 4583129 shares trading hands. The stock had previously closed at $377.41.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI/inference demand and hyperscaler wins are driving a 52-week high and fundamental upside: Zacks highlights BiCS8 technology and expanding hyperscaler partnerships as reasons SNDK looks worth buying. SNDK Hits a 52-Week High: 3 Reasons Why the Stock is Worth Buying Now
• Positive Sentiment: Macro shift from AI training to inference is cited as a durable demand driver that could sustain revenue/pricing for Sandisk. Seeking Alpha argues inference-led growth supports continued upside. AI Inference Is Why Sandisk Will Keep Exploding Higher
• Positive Sentiment: Media coverage and momentum trades are amplifying flows: The Motley Fool and Forbes note big multi-month gains and heavy investor demand, helping push shares into momentum territory. Up 948%, Should You Buy Sandisk Right Now?
• Positive Sentiment: Reports that Sandisk could raise 3D NAND prices materially support margin and revenue upside, which traders rewarded with a sharp share jump. As SanDisk Eyes Doubling Memory Prices, Should You Buy Red-Hot SNDK Stock?
• Positive Sentiment: High-profile endorsements and analyst attention — including Jim Cramer coverage and Zacks’ “Bull of the Day” — are reinforcing retail and institutional interest. Sandisk (SNDK) is at the Heart of Everything, Says Jim Cramer
• Neutral Sentiment: Market commentary asks whether the rally can hold as momentum trades dominate; Barchart examines sustainability without new fundamental news. As SanDisk Kicks Off 2026 Strong, Can SNDK’s Stock Rally Hold?
• Neutral Sentiment: Trading-focused coverage (video/options ideas) is fueling short-term flows rather than long-term fundamental changes. The Big 3: SNDK, BIDU, COF
• Negative Sentiment: Short interest rose in December to ~8.8M shares (about 6% of float) with a low days-to-cover, which can amplify volatility and indicate some investor skepticism. (Internal short-interest reports)
• Negative Sentiment: Valuation and momentum risk: the stock’s rapid run-up and a very high P/E leave it exposed to sharp reversals if NAND pricing or AI demand disappoints. (Market/valuation observation)

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SNDK shares. Barclays increased their price target 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 note on Thursday, December 18th. Wedbush increased their target price on Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. UBS Group reissued an “overweight” rating and issued a $230.00 price target on shares of Sandisk in a research note on Monday, November 3rd. Finally, Mizuho upped their price objective on shares of Sandisk from $250.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday. Three investment 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $239.17.

Sandisk Price Performance

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 stock has a market capitalization of $57.13 billion and a price-to-earnings ratio of 1,218.16. The stock has a 50 day moving average price of $248.58 and a 200-day moving average price of $141.42.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. The business’s quarterly revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

A number of hedge funds have recently bought and sold shares of the business. Family Wealth Partners LLC purchased a new position in Sandisk in the 4th quarter worth approximately $213,000. Q Fund Management Hong Kong Ltd purchased a new stake in shares of Sandisk in the fourth quarter valued at approximately $7,335,000. Dakota Wealth Management acquired a new stake in shares of Sandisk in the fourth quarter valued at approximately $264,000. CoreCap Advisors LLC increased its holdings in shares of Sandisk by 2,735.8% in the fourth quarter. CoreCap Advisors LLC now owns 1,503 shares of the data storage provider’s stock valued at $357,000 after purchasing an additional 1,450 shares during the last quarter. Finally, Czech National Bank purchased a new position in Sandisk during the fourth quarter worth approximately $8,714,000.

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.