Sandisk (NASDAQ:SNDK) Reaches New 1-Year High – Here’s What Happened

Sandisk Corporation (NASDAQ:SNDK) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $529.98 and last traded at $508.64, with a volume of 7546014 shares trading hands. The stock had previously closed at $481.43.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q2 results — Sandisk reported roughly $3.02B in Q2 revenue and materially beat EPS estimates, driven by datacenter/AI demand and improved product mix; the strong report is cited across press releases and earnings write-ups. BusinessWire: Q2 Results
• Positive Sentiment: Blockbuster forward guidance — management issued Q3 guidance that far exceeded Street expectations (revenue guidance ~ $4.4–$4.8B and EPS guidance well above consensus), signaling continued AI-driven NAND demand and prompting the sharp re-rate. Reuters: Forecast
• Positive Sentiment: Secured supply extension — Sandisk and Kioxia extended their Yokkaichi joint-venture agreement through 2034, reducing medium-term supply risk for NAND capacity and supporting the growth outlook. BusinessWire: JV Extension
• Positive Sentiment: Analyst upgrades and higher price targets — multiple firms raised ratings/targets (examples: Wedbush and Mizuho increases cited), citing durable NAND pricing tailwinds and AI demand, which supports continued upside. Benzinga: Analyst Coverage
• Neutral Sentiment: Wider market and media attention — major outlets (Barron’s, Investopedia, Seeking Alpha) are spotlighting Sandisk as one of the top post-spinoff performers and highlighting the earnings/guidance story; increased coverage can amplify flows but also volatility. Barron’s: Spinoff Coverage
• Negative Sentiment: Valuation and volatility risk — the stock has posted an extraordinary run, creating high implied expectations; options and leverage activity suggest elevated short-term volatility and a risk of sharp pullbacks if growth or pricing signals cool. Yahoo Finance: Options/Volatility

Analyst Ratings Changes

SNDK has been the topic of a number of analyst reports. Bank of America lifted their price target on Sandisk from $300.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Wells Fargo & Company increased their target price on shares of Sandisk from $230.00 to $380.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Barclays set a $385.00 price objective on Sandisk in a report on Thursday, January 15th. JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research note on Monday, December 8th. They set a “neutral” rating and a $235.00 price objective for the company. Finally, Morgan Stanley set a $690.00 price target on shares of Sandisk in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average price target of $490.60.

Sandisk Stock Performance

The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $301.35 and a 200 day moving average price of $174.97. The firm has a market cap of $84.72 billion and a PE ratio of 1,806.50.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates 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

In other news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. This represents a 26.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sandisk

Hedge funds have recently made changes to their positions in the stock. Westfuller Advisors LLC lifted its position in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares in the last quarter. Everhart Financial Group Inc. grew its position in shares of Sandisk by 3.4% during the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock worth $489,000 after acquiring an additional 67 shares during the last quarter. Assetmark Inc. grew its stake in shares of Sandisk by 71.6% in the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 73 shares during the last quarter. Savvy Advisors Inc. raised its stake in shares of Sandisk by 1.3% during the 4th quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock worth $1,645,000 after buying an additional 87 shares in the last quarter. Finally, Whittier Trust Co. purchased a new stake in shares of Sandisk during the 4th quarter worth approximately $26,000.

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.