Citizens Financial Group Inc. RI Has $1.28 Million Holdings in Sandisk Corporation $SNDK

Citizens Financial Group Inc. RI raised its holdings in Sandisk Corporation (NASDAQ:SNDK) by 28.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,018 shares of the data storage provider’s stock after buying an additional 446 shares during the period. Citizens Financial Group Inc. RI’s holdings in Sandisk were worth $1,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SNDK. Fifth Third Bancorp raised its stake in Sandisk by 792.7% in the 1st quarter. Fifth Third Bancorp now owns 20,720 shares of the data storage provider’s stock valued at $13,164,000 after acquiring an additional 18,399 shares during the period. Advisors Management Group Inc. ADV acquired a new stake in Sandisk during the 1st quarter valued at $211,000. Simplicity Wealth LLC bought a new position in Sandisk during the first quarter worth $303,000. Conning Inc. bought a new position in Sandisk during the first quarter worth $235,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Sandisk by 14.7% in the first quarter. Sequoia Financial Advisors LLC now owns 5,475 shares of the data storage provider’s stock valued at $3,478,000 after purchasing an additional 703 shares during the last quarter.

Sandisk Price Performance

SNDK stock opened at $1,673.97 on Tuesday. The stock has a market capitalization of $247.90 billion, a price-to-earnings ratio of 58.18 and a beta of 4.74. The business’s fifty day moving average price is $1,737.85 and its two-hundred day moving average price is $1,011.93. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week 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 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 return on equity of 44.06% and a net margin of 34.19%.The firm’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts expect that Sandisk Corporation will post 64.95 EPS for the current year.

Insider Buying and Selling at Sandisk

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. The trade was a 9.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the completion of the sale, the insider owned 31,515 shares of the company’s stock, valued at $65,803,320. This trade represents a 1.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,225 shares of company stock valued at $10,166,297 in the last three months. 0.21% of the stock is owned by insiders.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Evercore ISI raised its price target on SanDisk to $3,100 and kept an Outperform rating, reinforcing the view that the company still has significant upside. SanDisk Stock Price Forecast: Why Evercore’s Amit Daryanani Raised SNDK’s Price Target by More Than 120%
• Positive Sentiment: Goldman Sachs also nearly doubled its SanDisk price target, adding to the bullish analyst sentiment around the stock. Goldman Sachs nearly doubles SanDisk stock price target for 2026
• Positive Sentiment: SanDisk was added to Zacks’ Rank #1 (Strong Buy) momentum list, and another Zacks piece said it still screens as cheap despite its huge year-to-date rally, which may attract value and momentum buyers. Best Momentum Stocks to Buy for July 13th
• Positive Sentiment: Commentary from strategists and analysts suggested the recent tech pullback could be a buying opportunity for SanDisk, with continued confidence in AI-driven demand and long-term storage growth. This Strategist Says the Tech Wreck Is Your Buy Signal: Micron and SanDisk on Sale?
• Neutral Sentiment: Several market updates focused on broader macro and pre-market weakness, including a red futures session and upcoming inflation data, which added to risk-off trading across tech stocks. Pre-Market in Red
• Negative Sentiment: SK Hynix’s weak outlook sparked a sector-wide selloff in memory names such as SanDisk, Micron, and Western Digital, weighing on SNDK shares today. Micron, SanDisk, Western Digital Fall 6% as SK Hynix’s Weak Outlook Rattles Memory Stocks

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SNDK. The Goldman Sachs Group reissued a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Royal Bank Of Canada lifted their target price on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. KGI Securities assumed coverage on shares of Sandisk in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price target on the stock. Citigroup increased their price target on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Jefferies Financial Group restated a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and a consensus target price of $1,765.19.

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.