ING Groep NV Cuts Stake in Sandisk Corporation $SNDK

ING Groep NV reduced its position in Sandisk Corporation (NASDAQ:SNDK) by 62.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 38,793 shares of the data storage provider’s stock after selling 63,207 shares during the period. ING Groep NV’s holdings in Sandisk were worth $9,209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new position in Sandisk in the fourth quarter worth $145,000. Atlantic Private Wealth LLC purchased a new position in Sandisk in the fourth quarter worth $79,000. Situational Awareness LP grew its holdings in Sandisk by 816.7% in the fourth quarter. Situational Awareness LP now owns 1,054,200 shares of the data storage provider’s stock worth $250,246,000 after purchasing an additional 939,200 shares during the last quarter. OneAscent Financial Services LLC purchased a new position in Sandisk in the fourth quarter worth $216,000. Finally, Pinebridge Investments LLC purchased a new position in Sandisk in the fourth quarter worth $4,224,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst commentary remains constructive, with reports citing bullish views on Sandisk and Morgan Stanley lifting its price target by 59%, signaling expectations for further upside from AI-driven memory demand. SNDK stock hits record high: Morgan Stanley raises PT by 59%, sees further upside ahead
• Positive Sentiment: Several bullish pieces argue Sandisk’s AI storage opportunity is still early, highlighting strong recent revenue growth, high margins, and a favorable memory-supply backdrop that could support fundamentals. Sandisk’s AI Storage Moment Is Just Getting Started
• Neutral Sentiment: Market commentary notes Sandisk was among the standout semiconductor winners this year, but that outsized rally is also making the shares more vulnerable to profit-taking and valuation concerns. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
• Neutral Sentiment: Another article suggests analysts still see Sandisk as a key AI memory beneficiary, reinforcing the long-term demand story even as short-term trading turns volatile. These Experts Say the Memory-Stock Runup May Not Be Over Yet
• Negative Sentiment: Friday’s selloff appears driven by a “parabolic” unwind in semiconductor leaders, with Sandisk and peers Micron and Marvell sliding as investors reduce exposure to overheated AI trades. Micron, Sandisk stocks slide as traders exit high-flying AI plays
• Negative Sentiment: New competition concerns and softer sentiment across tech hardware added to the weakness, suggesting near-term momentum could fade if the sector rotation continues. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Cantor Fitzgerald lifted their price target on shares of Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Sanford C. Bernstein lifted their price target on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Bank of America boosted their price objective on shares of Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a report on Friday, April 17th. Jefferies Financial Group reissued a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Finally, Wedbush boosted their price objective on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and an average target price of $1,398.27.

Sandisk Price Performance

Shares of SNDK opened at $1,559.32 on Monday. The firm has a market capitalization of $230.92 billion, a PE ratio of 54.20 and a beta of 4.88. Sandisk Corporation has a 1-year low of $38.53 and a 1-year high of $1,861.00. The company’s fifty day moving average price is $1,174.63 and its 200-day moving average price is $698.85.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts anticipate that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,625 shares of company stock valued at $8,913,497 over the last quarter. 0.21% of the stock is currently owned by company insiders.

Sandisk Profile

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.