102,000 Shares in Sandisk Corporation $SNDK Bought by ING Groep NV

ING Groep NV acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 102,000 shares of the data storage provider’s stock, valued at approximately $11,444,000. ING Groep NV owned about 0.07% of Sandisk at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC purchased a new stake in Sandisk in the 3rd quarter valued at about $1,136,000. New York State Teachers Retirement System acquired a new stake in shares of Sandisk in the third quarter worth approximately $13,546,000. Sage Rhino Capital LLC purchased a new stake in Sandisk in the third quarter valued at approximately $587,000. Y Intercept Hong Kong Ltd purchased a new stake in Sandisk in the third quarter valued at approximately $7,046,000. Finally, HB Wealth Management LLC acquired a new position in Sandisk during the third quarter worth approximately $348,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SNDK shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $650.00 price target on shares of Sandisk in a report on Friday, January 30th. Morgan Stanley set a $690.00 target price on Sandisk in a report on Friday, January 30th. Citigroup upped their price target on Sandisk from $490.00 to $750.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. initiated coverage on Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price objective on the stock. Finally, Jefferies Financial Group boosted their target price on Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $542.85.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst/coverage deep dives explain the rally as driven by an AI‑fuelled NAND shortage, SanDisk’s scale (joint venture with Kioxia), enterprise/high‑end product focus and pricing power — a structural setup that helped the stock surge. Why SanDisk Stock Skyrocketed: 5 Key Questions Answered
• Positive Sentiment: Market watchers say a persistent memory shortage outlook is lifting SanDisk shares as cloud and AI data‑center customers rush for high‑performance flash — supporting near‑term pricing and margin strength. SanDisk Stock Surges On Memory Shortage Outlook
• Positive Sentiment: Short‑form coverage highlights daily gains (single‑day moves cited ~9%) and reinforces the narrative that earnings beats and the AI storage story have driven strong near‑term momentum. Why Sandisk Corporation’s (SNDK) Stock Is Up 8.97%
• Neutral Sentiment: Several pieces advise caution — noting the stock is off recent highs and asking whether this is a buy‑the‑dip opportunity given high valuation and cyclical risks; useful for timing decisions rather than changing the longer‑term thesis. Down 18% from its recent high, should you buy the dip in SanDisk stock?
• Negative Sentiment: Headwinds: Samsung’s HBM4 production plans sparked concern about potential supply increases and competition, which triggered short‑term weakness (~2–3% pullback referenced) despite SanDisk’s strong quarter and raised targets from some analysts. SanDisk (SNDK) Stock Drops 2.5% on Samsung HBM4 Production News

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Sandisk Stock Up 10.7%

NASDAQ:SNDK opened at $599.34 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The company has a market capitalization of $88.44 billion and a price-to-earnings ratio of -78.96. Sandisk Corporation has a one year low of $27.89 and a one year high of $725.00. The stock has a 50-day simple moving average of $371.53 and a 200 day simple moving average of $211.12.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. The company’s quarterly revenue was up 61.2% on a year-over-year basis.

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.