PNC Financial Services Group Inc. Purchases 13,940 Shares of Sandisk Corporation $SNDK

PNC Financial Services Group Inc. grew its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 86.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,049 shares of the data storage provider’s stock after purchasing an additional 13,940 shares during the period. PNC Financial Services Group Inc.’s holdings in Sandisk were worth $19,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valley Wealth Managers Inc. bought a new stake in Sandisk during the first quarter worth about $25,000. Cedar Mountain Advisors LLC grew its stake in Sandisk by 2,750.0% during the first quarter. Cedar Mountain Advisors LLC now owns 57 shares of the data storage provider’s stock worth $36,000 after buying an additional 55 shares in the last quarter. Roble Belko & Company Inc bought a new position in Sandisk in the 1st quarter valued at about $39,000. Main Street Group LTD bought a new position in Sandisk in the first quarter valued at approximately $53,000. Finally, First United Bank & Trust acquired a new stake in shares of Sandisk in the 1st quarter valued at $54,000.

Insider Buying and Selling

In other news, CAO Michael Pokorny sold 2,446 shares of the firm’s 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 completion of the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 52,677 shares in the company, valued at approximately $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 have sold 6,225 shares of company stock valued at $10,166,297 over the last three months. 0.21% of the stock is owned by insiders.

Sandisk Stock Down 10.8%

NASDAQ SNDK opened at $1,436.56 on Friday. The company has a market capitalization of $212.74 billion, a price-to-earnings ratio of 49.93 and a beta of 4.74. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The stock has a fifty day simple moving average of $1,754.03 and a 200 day simple moving average of $1,087.24.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion for the quarter. During the same period in the previous year, the firm posted ($0.30) earnings per share. The firm’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts expect that Sandisk Corporation will post 64.52 earnings per share for the current fiscal year.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk remains a major AI-storage beneficiary, with multiple recent articles highlighting strong demand for memory and enterprise storage tied to AI infrastructure spending and tight supply. Article Title
• Positive Sentiment: Analysts and traders are still focused on SanDisk’s upcoming fiscal Q4 earnings on August 5, with expectations for a large move and a chance for another earnings beat after a strong surprise history. Article Title
• Neutral Sentiment: New ETF products are being launched to trade the DRAM and memory rally, underscoring strong investor interest in the group, though this is more a sentiment signal than a direct catalyst for SanDisk. Article Title
• Neutral Sentiment: Options traders are pricing in a sizable post-earnings swing, reflecting elevated expectations and uncertainty heading into the report. Article Title
• Negative Sentiment: Memory and chip stocks are under pressure today, and SanDisk is being dragged lower by a sector-wide risk-off move after recent gains in AI-related semiconductors. Article Title
• Negative Sentiment: SanDisk has also pulled back sharply from recent highs, and some coverage now frames the move as a correction after an extended AI-driven rally. Article Title

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SNDK shares. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Cantor Fitzgerald raised their target price on shares of Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Zacks Research cut Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Susquehanna lowered their price objective on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,811.38.

About Sandisk

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.