Sandisk Corporation $SNDK Shares Sold by KBC Group NV

KBC Group NV lessened its stake in Sandisk Corporation (NASDAQ:SNDK) by 48.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,273 shares of the data storage provider’s stock after selling 37,650 shares during the period. KBC Group NV’s holdings in Sandisk were worth $24,952,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SNDK. Valley Wealth Managers Inc. acquired a new position in Sandisk during the 1st quarter worth $25,000. Whittier Trust Co. acquired a new stake in shares of Sandisk in the 4th quarter valued at about $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk during the fourth quarter worth about $26,000. Chung Wu Investment Group LLC bought a new position in shares of Sandisk during the fourth quarter worth about $27,000. Finally, Westfuller Advisors LLC lifted its position in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the last quarter.

Insider Activity

In other Sandisk news, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alper Ilkbahar sold 2,000 shares of the firm’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 transaction of $3,513,160.00. Following the completion of the sale, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,225 shares of company stock worth $10,166,297 in the last 90 days. 0.21% of the stock is currently owned by insiders.

Sandisk Price Performance

NASDAQ:SNDK opened at $1,589.40 on Wednesday. The firm has a market capitalization of $235.37 billion, a P/E ratio of 55.25 and a beta of 4.74. The business has a 50 day simple moving average of $1,745.86 and a 200 day simple moving average of $1,065.78. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion for the quarter. During the same quarter in the previous year, the business posted ($0.30) earnings per share. The business’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 anticipate that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group set a $1,700.00 price objective on Sandisk in a report on Monday, May 4th. Royal Bank Of Canada lifted their target price on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Cantor Fitzgerald boosted their price target on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Sanford C. Bernstein upped their price target on Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, Evercore set a $3,100.00 price objective on Sandisk in a research note on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,803.29.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory-chip stocks are rebounding broadly, with SanDisk cited as one of the leaders as investors buy the dip following last week’s selloff and a recent memory-stock rout. Article Title
• Positive Sentiment: UBS said the forced selling in AI and semiconductor names may be close to ending, which could allow investors to rebuild positions in the sector and support a rebound in Sandisk shares. Article Title
• Positive Sentiment: Analyst and investor commentary remains constructive, including a Bernstein reiterated bullish stance and Seeking Alpha’s view that Sandisk could be a long-term “Strong Buy” due to stronger margins and AI infrastructure demand. Article Title
• Positive Sentiment: Broader market headlines say the AI trade is regaining momentum, with chip stocks leading the rebound and investors looking past recent geopolitical worries. Article Title

Sandisk Company 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.