Sandisk (NASDAQ:SNDK) Trading 1.7% Higher – Here’s Why

Sandisk Corporation (NASDAQ:SNDK) shares traded up 1.7% during mid-day trading on Wednesday . The stock traded as high as $616.98 and last traded at $600.40. 24,959,686 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 19,890,145 shares. The stock had previously closed at $590.59.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory-sector strength after Kioxia’s upbeat results lifted investor sentiment toward NAND suppliers, supporting Sandisk as AI/cloud customers lock in flash supply. As Kioxia earnings kick memory stocks into gear, should you buy SanDisk here?
• Positive Sentiment: Technical/order-flow bulls: a Benzinga report flags a Power Inflow alert (institutional/retail order-flow signal) that traders track, which helped push buying interest into SNDK. Sandisk Shares Rise Over 3% Following Key Trading Signal
• Positive Sentiment: Underlying fundamentals remain supportive: recent quarterly results showed revenue and EPS beats and strong revenue growth—helping justify investor interest amid AI-driven data-center demand. (Context: company earnings beat consensus in late January.)
• Neutral Sentiment: Shares briefly rebounded intraday after the initial sell-off tied to the offering as buyers stepped in, reflecting short-term volatility rather than a change to fundamentals. SanDisk Stock Fights Back From Early Losses After Offering
• Neutral Sentiment: Western Digital’s sale reduces WDC’s debt burden, which is positive for WDC but only indirectly affects Sandisk’s operations since Sandisk won’t receive proceeds from the sale. Western Digital to sell partial Sandisk stake for $3.17 billion to cut debt
• Negative Sentiment: Western Digital is selling about $3.17B of SNDK shares in a secondary offering; that increased float and prompted a sell-off when announced because Sandisk receives no proceeds and the market views it as added supply risk. Western Digital to sell $3.17 billion stake in Sandisk
• Negative Sentiment: The company publicly launched and later priced the secondary offering (5.82M shares at $545 per share), which triggered immediate downward pressure because selling shareholders — not Sandisk — are offloading stock. Sandisk Announces Pricing of Secondary Offering of Common Stock
• Negative Sentiment: Market reaction included profit-taking and volatility after the stake-sale news; several outlets reported intraday declines tied to the WDC filing and selling pressure. Why SanDisk Stock Dropped 6% on WDC Stake Sale News

Analyst Ratings Changes

A number of analysts have recently weighed in on SNDK shares. Citigroup raised their price target on shares of Sandisk from $490.00 to $750.00 and gave the company a “buy” rating in a report on Monday, February 2nd. China Renaissance initiated coverage on shares of Sandisk in a research note on Friday, December 5th. They issued a “buy” rating and a $322.00 target price for the company. Susquehanna upped their price target on Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, December 8th. Barclays increased their price objective on Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $542.85.

Sandisk Stock Up 1.7%

The firm has a market capitalization of $88.60 billion and a price-to-earnings ratio of -79.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The business has a fifty day moving average price of $403.28 and a two-hundred day moving average price of $228.53.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating the consensus estimate of $3.31 by $2.89. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The firm’s revenue was up 61.2% on a year-over-year basis.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the transaction, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. The trade was a 26.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in Sandisk in the third quarter valued at $1,970,388,000. State Street Corp acquired a new stake in shares of Sandisk during the 3rd quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sandisk during the 3rd quarter valued at about $297,293,000. Norges Bank purchased a new position in shares of Sandisk in the 4th quarter valued at about $518,889,000. Finally, Bank of America Corp DE acquired a new position in Sandisk in the 3rd quarter worth about $190,425,000.

About Sandisk

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.