ING Groep NV Sells 63,207 Shares of Sandisk Corporation $SNDK

Key Points

• ING Groep NV cut its Sandisk stake by 62% in the fourth quarter, selling 63,207 shares and leaving it with 38,793 shares worth about $9.2 million.
• Several analysts remain bullish on Sandisk, with recent price-target increases from firms like Cantor Fitzgerald, Susquehanna, and Citigroup. The stock now has a consensus rating of Moderate Buy and an average price target of $1,398.27.
• Sandisk reported a strong quarter, with EPS of $23.41 and revenue of $5.95 billion, far above expectations and up 251% year over year. The company also guided Q4 2026 EPS to 30.0–33.0, underscoring continued growth momentum.

ING Groep NV lowered its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 62.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SNDK. Vanguard Group Inc. bought a new stake in Sandisk in the third quarter worth about $1,970,388,000. State Street Corp bought a new stake in shares of Sandisk during the third quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Sandisk during the third quarter valued at approximately $297,293,000. Norges Bank bought a new stake in shares of Sandisk during the fourth quarter valued at approximately $518,889,000. Finally, Bank of America Corp DE bought a new stake in shares of Sandisk during the third quarter valued at approximately $190,425,000.

Analyst Upgrades and Downgrades

SNDK has been the subject of several research analyst reports. Cantor Fitzgerald lifted their price target on shares of Sandisk from $1,400.00 to $1,800.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. UBS Group set a $1,700.00 price target on shares of Sandisk in a research note on Monday, May 4th. Susquehanna lifted their price target on shares of Sandisk from $2,000.00 to $3,250.00 and gave the company a "positive" rating in a research note on Friday, May 29th. Citigroup lifted their price objective on Sandisk from $1,300.00 to $2,025.00 and gave the company a "buy" rating in a report on Tuesday, May 19th. Finally, KGI Securities began coverage on Sandisk in a report on Wednesday, March 18th. They issued an "outperform" rating and a $992.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,398.27.

Insider Buying and Selling at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the business's stock in a transaction that occurred on Monday, June 1st. The shares were 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 owned 52,677 shares of the company's stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 5,625 shares of company stock worth $8,913,497. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $1,559.32 on Monday. The company has a market capitalization of $230.92 billion, a price-to-earnings ratio of 54.20 and a beta of 4.88. Sandisk Corporation has a 52 week low of $38.53 and a 52 week high of $1,861.00. The firm has a 50 day moving average of $1,174.63 and a 200 day moving average of $698.85.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts' consensus estimates of $14.17 by $9.24. The company had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business's quarterly revenue was up 251.0% on a year-over-year basis. During the same period last year, the firm earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts expect that Sandisk Corporation will post 63.58 EPS for the current year.

More Sandisk News

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

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.

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