SanDisk Corp. Director Michael E. Marks Unloads 10,000 Shares (SNDK)
SanDisk Corp. (NASDAQ:SNDK) Director Michael E. Marks sold 10,000 shares of SanDisk Corp. stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $69.60, for a total value of $696,000.00. Following the transaction, the director now directly owns 7,184 shares in the company, valued at approximately $500,006. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
SNDK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of SanDisk Corp. in a research note to investors on Wednesday. They now have a $73.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of SanDisk Corp. from $75.00 to $80.00 in a research note to investors on Thursday, January 23rd. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of SanDisk Corp. in a research note to investors on Thursday, January 23rd. They now have a $75.00 price target on the stock, up previously from $65.00. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. SanDisk Corp. has an average rating of “Buy” and an average target price of $73.61.
SanDisk Corp. (NASDAQ:SNDK) opened at 69.05 on Thursday. SanDisk Corp. has a 52-week low of $48.75 and a 52-week high of $74.14. The stock’s 50-day moving average is $70.16 and its 200-day moving average is $64.27. The company has a market cap of $15.554 billion and a P/E ratio of 16.04.
SanDisk Corp. (NASDAQ:SNDK) last released its earnings data on Wednesday, January 22nd. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.57 by $0.14. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts predict that SanDisk Corp. will post $5.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 24th. Shareholders of record on Monday, February 3rd will be given a dividend of 0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, January 30th.
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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