Sandisk Corporation (NASDAQ:SNDK) Given Average Recommendation of “Moderate Buy” by Brokerages

Sandisk Corporation (NASDAQ:SNDK) has been given an average recommendation of “Moderate Buy” by the twenty-six ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $1,998.1364.

SNDK has been the subject of a number of research reports. Evercore reissued an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Royal Bank Of Canada raised their price target on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Finally, Weiss Ratings downgraded Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th.

Sandisk Stock Performance

Sandisk stock opened at $1,791.82 on Wednesday. The stock has a market capitalization of $262.36 billion, a P/E ratio of 24.58, a P/E/G ratio of 0.18 and a beta of 5.17. The company’s fifty day moving average price is $1,500.67 and its 200 day moving average price is $1,362.09. Sandisk has a 1 year low of $93.54 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business’s revenue was up 371.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts predict that Sandisk will post 208.92 EPS for the current year.

Sandisk declared that its board has approved a stock buyback plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This repurchase authorization permits the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk’s planned addition to the S&P 100 is providing a potential demand catalyst, as index-tracking funds may need to purchase the stock and the inclusion could increase institutional visibility. Why is SanDisk stock gaining 8% today?
• Positive Sentiment: The rally also reflects powerful operating momentum. SanDisk recently reported quarterly earnings of $39.25 per share versus the $33.28 consensus estimate, while revenue surged 371.6% year over year to approximately $8.97 billion. Management guided to first-quarter fiscal 2027 EPS of $44 to $46. SanDisk Stock Surges on Explosive Q4 Earnings and Massive Buyback
• Positive Sentiment: A newly authorized $14 billion share-repurchase program, representing as much as 6.6% of shares outstanding, is reinforcing the bullish outlook by potentially supporting earnings per share and signaling management’s confidence in the stock’s value. SanDisk Unveiled a $14 Billion Buyback
• Positive Sentiment: Investors continue to favor SanDisk as an AI-storage beneficiary. Data-center demand, tight memory supply, and expectations for sustained NAND pricing are supporting optimism about future margins and earnings. The Memory Shortage Is Not Over
• Neutral Sentiment: SanDisk is outperforming other storage and memory stocks as investor interest concentrates on its AI exposure, although part of the move reflects a broader rebound in semiconductor sentiment and improved technology-market conditions. SanDisk Jumps as Storage Bid Concentrates in One Name
• Negative Sentiment: China’s ChangXin Memory Technologies is preparing to enter the NAND market, creating a longer-term competitive threat that could pressure pricing, market share, and margins for SanDisk and other memory suppliers. CXMT Enters the NAND Memory Market
• Negative Sentiment: CEO David Goeckeler and CFO Luis Felipe Visoso recently sold shares under pre-arranged Rule 10b5-1 plans. The sales are not necessarily bearish, but they may add caution after the stock’s substantial advance and could encourage profit-taking.

Insider Buying and Selling at Sandisk

In other news, CEO David Goeckeler sold 33,838 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $1,527.87, for a total value of $51,700,065.06. Following the completion of the sale, the chief executive officer directly owned 413,410 shares in the company, valued at $631,636,736.70. This represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the transaction, the chief financial officer directly owned 130,976 shares in the company, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 44,058 shares of company stock worth $68,098,118. Company insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Hedge funds have recently bought and sold shares of the business. SkyView Investment Advisors LLC acquired a new position in shares of Sandisk during the 2nd quarter worth approximately $455,000. Bouchey Financial Group Ltd. purchased a new stake in shares of Sandisk in the second quarter valued at approximately $296,000. Capstone Financial Advisors Inc. acquired a new stake in shares of Sandisk in the second quarter valued at approximately $398,000. IPG Investment Advisors LLC acquired a new stake in shares of Sandisk in the second quarter valued at approximately $2,776,000. Finally, MCF Advisors LLC lifted its position in Sandisk by 1,086.8% during the second quarter. MCF Advisors LLC now owns 451 shares of the data storage provider’s stock worth $1,025,000 after buying an additional 413 shares in the last quarter.

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.