Sandisk SNDK shares fell nearly 5% Monday as investors considered whether the memory-chip maker could eventually pursue a stock split after its share price reached four-digit territory.

Sandisk closed at $1,551.99, while its 52-week range stretches from $89.56 to $2,354.39. The company has about 146 million shares outstanding, helping explain why its per-share price is much higher than many companies with similar market values.

A split would change the number of shares held by investors but would not alter Sandisk’s underlying business or market capitalization. The company generated $20.25 billion in fiscal 2026 revenue, up 175% from a year earlier, while net income reached $11.4 billion.

Sandisk also has a $15.5 billion repurchase…