Micron Technology, Inc. And Western Digital May Acquire SanDisk Corporation

However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company’s earnings per share and deteriorating net income. Pacific Crest lifted their price target on SanDisk from $75.00 to $81.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd.

In related news, SVP Yehoshua Nir sold 1,125 shares of SanDisk stock in a transaction on Monday, October 5th. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The 50-Day Moving Average price is $54.12 and the 200 Day Moving Average price is recorded at $61.44. One year prior, the company reported EPS of $1.31. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have issued a buy rating to the stock.

SanDisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, July 22nd. When taking into account all of the research brokerage firms surveyed by Zacks, the consensus target price is now $65.176. The company now has an average rating of Hold and an average target price of $70.24.

SanDisk is valued at about $12.6 billion and has hired a bank to help with the process. Brokerage firms covering the stock, on a consensus basis, are expecting earnings per share of $0.67 for the quarter.

Shares of SanDisk Corporation (NASDAQ:SNDK) ended Friday session in red amid volatile trading.

SanDisk showed poor Q2 financials, with revenues down 24 percent from the previous year. The 52-week high of the share price is $106.64 and the 52-week low is $44.28.

Western Digital is mainly engaged in manufacturing traditional hard drives. Its embedded flash memory products are found in mobile phones, tablets, computing platforms, imaging devices and cars. Through the Company’s global operations, it manufactures and markets a full range of Dynamic Random Access Memory (DRAM), NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products. Micron, similarly enterprise flash-focussed, operates its own flash foundries and has a foundry partnership with Intel.