SanDisk Corp. SVP Yehoshua Nir Sells 15,000 Shares (SNDK)
SanDisk Corp. (NASDAQ:SNDK) SVP Yehoshua Nir sold 15,000 shares of the company’s stock on the open market in a transaction dated Thursday, October 17th. The shares were sold at an average price of $65.33, for a total transaction of $979,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SNDK has been the subject of a number of recent research reports. Analysts at Piper Jaffray Cos. raised their price target on shares of SanDisk Corp. from $75.00 to $78.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of SanDisk Corp. from $77.00 to $80.00 in a research note to investors on Thursday. They now have a “positive” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of SanDisk Corp. from $66.00 to $71.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $68.93.
SanDisk Corp. (NASDAQ:SNDK) traded up 0.41% during mid-day trading on Friday, hitting $68.78. 3,022,398 shares of the company’s stock traded hands. SanDisk Corp. has a 1-year low of $38.47 and a 1-year high of $68.55. The stock has a 50-day moving average of $60.39 and a 200-day moving average of $58.3. The company has a market cap of $16.534 billion and a P/E ratio of 23.43.
SanDisk Corp. (NASDAQ:SNDK) last announced its earnings results on Wednesday, October 16th. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.31 by $0.28. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. On average, analysts predict that SanDisk Corp. will post $4.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 25th. Investors of record on Monday, November 4th will be paid a dividend of $0.23 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, October 31st.
SanDisk Corporation designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies.
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