Sandisk (NASDAQ:SNDK) Stock Price Down 3.9% – Should You Sell?

Shares of Sandisk Corporation (NASDAQ:SNDK) traded down 3.9% during mid-day trading on Thursday . The stock traded as low as $1,725.08 and last traded at $1,759.68. 10,378,889 shares were traded during trading, a decline of 41% from the average session volume of 17,444,107 shares. The stock had previously closed at $1,831.50.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts remain broadly bullish on SanDisk’s role in the AI memory boom, with Goldman Sachs and others pointing to a likely memory supply deficit and strong pricing power through 2028. What Is Going On With SanDisk Stock On Thursday?
• Positive Sentiment: Recent coverage from multiple outlets highlighted SanDisk as a top AI infrastructure beneficiary, with memory demand and NAND pricing trends supporting the stock’s long-term earnings outlook. Buy These 5 Growth Stocks in June Amid Massive AI Infrastructure Boost
• Positive Sentiment: SanDisk has continued to attract upbeat price-target revisions and “buy” calls, reinforcing investor confidence that earnings momentum can remain strong after its recent surge. Sandisk (SNDK) Soars to All-Time High; Up 4,573% in 1 Year
• Neutral Sentiment: EVP Alper Ilkbahar sold 2,000 shares, a transaction that appears routine in size relative to his holdings, but it can still make some investors more cautious. SEC filing
• Negative Sentiment: SanDisk is being pulled lower along with other semiconductor stocks after Broadcom’s outlook disappointed the market, sparking concern that the AI trade may be cooling in the near term. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat
• Negative Sentiment: Some commentary says SanDisk’s rally may have outrun fundamentals, with valuation now looking stretched after the stock’s explosive move to record levels. Price Prediction: Up 1400% in 2026, This Is Where We See SanDisk Heading

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group set a $1,700.00 price objective on Sandisk in a report on Monday, May 4th. Sanford C. Bernstein increased their target price on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Bank of America increased their target price on shares of Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Weiss Ratings upgraded shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $1,398.27.

Sandisk Price Performance

The stock has a market cap of $260.59 billion, a price-to-earnings ratio of 61.16 and a beta of 4.87. The stock’s 50-day moving average is $1,135.85 and its 200 day moving average is $679.14.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. Sandisk’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Analysts anticipate that Sandisk Corporation will post 63.58 EPS for the current year.

Insider Activity at Sandisk

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated Tuesday, May 12th. The shares were 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 directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,025 shares of company stock worth $7,871,897 over the last 90 days. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. purchased a new position in Sandisk in the first quarter valued at about $25,000. Whittier Trust Co. purchased a new position in Sandisk in the fourth quarter valued at about $26,000. Greenline Wealth Management LLC purchased a new position in shares of Sandisk during the 4th quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Sandisk during the 3rd quarter worth approximately $27,000. Finally, Chung Wu Investment Group LLC purchased a new position in shares of Sandisk during the 4th quarter worth approximately $27,000.

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.