SanDisk Corp. Director Steven J. Gomo Unloads 10,000 Shares (SNDK)
SanDisk Corp. (NASDAQ:SNDK) Director Steven J. Gomo sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $70.56, for a total transaction of $705,600.00. Following the completion of the sale, the director now directly owns 7,377 shares in the company, valued at approximately $520,521. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $73.61.
SanDisk Corp. (NASDAQ:SNDK) traded down 0.97% during mid-day trading on Friday, hitting $69.55. The stock had a trading volume of 4,555,748 shares. SanDisk Corp. has a 52-week low of $48.88 and a 52-week high of $74.14. The stock has a 50-day moving average of $70.33 and a 200-day moving average of $64.40. The company has a market cap of $15.666 billion and a P/E ratio of 16.18.
SanDisk Corp. (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.71 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.05 earnings per share. SanDisk Corp.’s revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that SanDisk Corp. will post $5.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 24th. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.29%. The ex-dividend date 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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