Handelsbanken Fonder AB Has $130.88 Million Stock Position in Sandisk Corporation $SNDK

Handelsbanken Fonder AB boosted its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 35.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,564 shares of the data storage provider’s stock after purchasing an additional 14,964 shares during the quarter. Handelsbanken Fonder AB’s holdings in Sandisk were worth $130,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Osaic Holdings Inc. bought a new position in shares of Sandisk in the 2nd quarter valued at about $317,000. Merit Financial Group LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $408,000. Dimensional Fund Advisors LP bought a new stake in shares of Sandisk during the third quarter worth approximately $100,080,000. First Trust Advisors LP acquired a new position in Sandisk in the third quarter valued at approximately $9,788,000. Finally, Blair William & Co. IL acquired a new position in Sandisk in the third quarter valued at approximately $591,000.

Insider Transactions at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 52,677 shares in the company, 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 document filed with the SEC, which is available at the SEC website. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the transaction, the insider directly owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 3,800 shares of company stock valued at $6,504,856. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Up 2.1%

Sandisk stock opened at $1,237.92 on Tuesday. The company has a 50 day moving average of $1,689.51 and a 200-day moving average of $1,159.08. Sandisk Corporation has a twelve month low of $42.82 and a twelve month high of $2,354.39. The stock has a market capitalization of $183.32 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 0.13 and a beta of 5.21.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The business had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company’s revenue was up 371.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts anticipate that Sandisk Corporation will post 187.19 EPS for the current fiscal year.

Sandisk announced that its board has approved a stock buyback plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst upgrade supports the stock. Argus upgraded Sandisk from “hold” to “buy,” adding to bullish sentiment following the company’s strong quarterly results. Cantor Fitzgerald also reportedly views the recent semiconductor selloff as overdone and favors Sandisk among memory-chip stocks. Benzinga Cantor semiconductor outlook
• Positive Sentiment: AI infrastructure demand is driving the bullish case. Analysts point to expanding enterprise SSD demand, hyperscaler capital spending and Sandisk’s growing role in AI memory solutions. The company has reportedly secured $93.9 billion in minimum revenue commitments, while datacenter revenue more than doubled and accounted for 38% of bits shipped. Sandisk AI boom analysis Sandisk as an AI winner
• Positive Sentiment: Recent operating performance remains a major catalyst. Sandisk recently exceeded quarterly EPS expectations, with revenue up sharply year over year. Commentators also cite rising NAND prices, market-share gains and long-term contracts as reasons the company could eventually revisit its highs. Sandisk forecast
• Neutral Sentiment: Stock-split speculation is drawing attention. Sandisk’s extraordinary rally has made it a potential stock-split candidate, but the company has not announced any split. A split would improve trading accessibility without changing the company’s underlying value. Sandisk stock split speculation
• Negative Sentiment: Valuation and guidance remain key risks. Sandisk’s sharp appreciation has increased expectations, while mixed guidance and uncertainty over the memory cycle are limiting near-term upside. Investors are debating whether strong results are already reflected in the share price. Sandisk risks

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SNDK shares. Bank of America raised their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Morgan Stanley increased their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company reduced their price target on Sandisk from $1,620.00 to $1,400.00 and set an “equal weight” rating on the stock in a research report on Thursday. Royal Bank Of Canada lifted their price objective on Sandisk from $1,000.00 to $1,300.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Wedbush upped their price objective on Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,853.14.

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.