The daily volume was measured at 2,264,154 shares. In the prior year, the company paid out $0.3 to stock owners, a difference of 133.3333% year over year. Institutional Investors own 93.49% of Sandisk Corp shares. In the past week, the shares have outperformed the S&P 500 by 1.37% and the outperformance increases to 10.43% for the last 4 weeks. The stock has seen a change of of 7.74% for the week.
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SanDisk Corporation (NASDAQ:SNDK) had an volatile session and gained 0.08 points till last call.
At the moment speculation remains rife, but shares in the company still surged 17 percent in late trading, and even after settling down left the company valued at an estimated $12.6bn.
Milpitas, California-based SanDisk would reject any offer that was less than $90 per share, Nomura analyst Romit Shah had said last week. SanDisk has a 12-month low of $44.28 and a 12-month high of $106.64.
Nokia Corporation (NOK) of the Technology is up 1.47% this morning at $6.9 and 3801255 shares. The Insider selling transaction had a total value worth of $67,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
SanDisk’s price is low. They set an equal weight rating and a $60.00 target price for the company. Summit Research raised SanDisk from a hold rating to a buy rating and upped their target price for the stock from $61.00 to $85.00 in a research note on Thursday, July 2nd.
Both Micron Technology and Western Digital are said to have expressed an interest, and are now in talks with SanDisk over a possible acquisition. The Companys solutions include removable cards, embedded products, universal serial bus (USB), drives, digital media players, wafers and components. The Company’s removable cards are used in a range of applications, like mobile phones, tablet computers, digital cameras, gaming devices, personal computers (PC) and autos. Its embedded flash memory products are found in mobile phones, tablets, computing platforms, imaging devices and cars. For computing platforms, it provides storage solutions known as solid-state drives (SSDs) that can be used in lieu of hard disk drives.
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SanDisk and Micron compete with the larger Samsung Electronics, which dominates the market for memory chips and is also one of the biggest consumers of the storage semiconductors via its handset division.
