Company Update (NASDAQ:SNDK): SanDisk Corporation Announces World’s First 256 Gigabit 3-bit-per-cell (X3) 48-layer 3D NAND Chip

SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, announced today its 256 Gigabit (Gb) 3-bit-per-cell (X3) 48-layer 3D NAND chip and the start of 3D NAND pilot line operations in Yokkaichi, Japan in conjunction with its partner, Toshiba.

“We are pleased to announce our first 3D NAND chip targeted for production,” said Dr. Siva Sivaram, executive vice president, memory technology, SanDisk. “This is the world’s first 256 Gb X3 chip, developed using our industry-leading 48-layer BiCS technology1 and demonstrating SanDisk’s continued leadership in X3 technology. We will use this chip to deliver compelling storage solutions for our customers.”

BiCS is a nonvolatile memory architecture designed to bring new levels of density, scalability and performance to flash-based devices. BiCS NAND memory will also provide enhanced write/erase endurance, write speeds and energy efficiency relative to conventional 2D NAND.

SanDisk’s 256 Gb X3 BiCS chip is designed for wide applicability in consumer, client, mobile and enterprise products, and is expected to begin shipping in SanDisk’s products in 2016. (Original Source)

Shares of SanDisk closed today at $59.46, down $0.83 or 1.38%. SNDK has a 1-year high of $106.64 and a 1-year low of $53.18. The stock’s 50-day moving average is $59.02 and its 200-day moving average is $69.53.

On the ratings front, SanDisk has been the subject of a number of recent research reports. In a report issued on July 23, B. Riley analyst Craig Ellis upgraded SNDK to Buy, with a price target of $75, which implies an upside of 26.1% from current levels. Separately, on the same day, Merrill Lynch’s Simon Woo upgraded the stock to Buy and has a price target of $75.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Craig Ellis and Simon Woo have a total average return of 14.9% and 15.1% respectively. Ellis has a success rate of 61.2% and is ranked #493 out of 3724 analysts, while Woo has a success rate of 47.1% and is ranked #1021.

The street is mostly Neutral on SNDK stock. Out of 19 analysts who cover the stock, 9 suggest a Hold rating , 8 suggest a Buy and 2 recommend to Sell the stock. The 12-month average price target assigned to the stock is $69.92, which implies an upside of 17.6% from current levels.

SanDisk Corp designs, develops and manufactures data storage solutions using flash memory, proprietary controller and firmware technologies.

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