SanDisk: S&P Intraday Gainer

NEW YORK ( TheStreet) - SanDisk ( SNDK) was the best-performing stock in the S&P 500 on Monday morning.

The S&P was falling 17.87, or 1.3%, to 1,360.66.

Shares of SanDisk rose 2.17% Monday morning to $36.69. The stock was rising after declining Friday on a first-quarter earnings miss.

SanDisk's first-quarter earnings were $114 million, or 46 cents a share, down from year-earlier earnings of $224 million, or 92 cents. Analysts' estimates called for earnings of 67 cents a share.

SanDisk trades at an estimated price-to-earnings ratio for next year of 11.25 times; the average for semiconductor companies is 14.35. For comparison, Applied Materials ( AMAT) has a lower forward P/E of 9.82.

Fifteen of the 25 analysts who cover SanDisk rated it buy. Eight analysts gave the stock a hold rating and two rated it sell.

TheStreet Ratings gives SanDisk a B grade with a buy rating and $46.74 price target. The stock has fallen 25.4% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

If you liked this article you might like

Novice Trade: UVXY

Novice Trade: UVXY

Gold Prices Have Just Formed a Classic Technical Pattern That Hints Even Higher Prices Are Coming

Gold Prices Have Just Formed a Classic Technical Pattern That Hints Even Higher Prices Are Coming

7 of 11 S&P Sector ETFs Set Post-Election Highs, While Energy Sets Post-Election Low

7 of 11 S&P Sector ETFs Set Post-Election Highs, While Energy Sets Post-Election Low

The Stock Market Has Been Amazingly Resilient -- Check Out These 10 Charts

The Stock Market Has Been Amazingly Resilient -- Check Out These 10 Charts