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

Key Points

• Handelsbanken Fonder AB increased its Sandisk position by 35.1% in the second quarter, bringing its holdings to 57,564 shares valued at approximately $130.9 million. Other major institutions, including State Street, Geode Capital and Arrowstreet, also expanded their positions.
• Sandisk reported quarterly EPS of $39.25, beating estimates by $5.97, while revenue surged 371.6% year over year to $8.96 billion. The board also authorized a $14 billion stock-buyback program covering up to 6.6% of shares.
• Analyst sentiment remains bullish, with a consensus “Moderate Buy” rating and an average price target of $1,853.14, although elevated valuation, volatile shares and uncertainty around the memory cycle remain key risks.

Handelsbanken Fonder AB grew its position in Sandisk Corporation (NASDAQ:SNDK - Free Report) by 35.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,564 shares of the data storage provider's stock after acquiring 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 SEC filing.

Several other institutional investors also recently modified their holdings of SNDK. State Street Corp increased its position in shares of Sandisk by 20.7% during the fourth quarter. State Street Corp now owns 5,281,522 shares of the data storage provider's stock valued at $1,253,728,000 after purchasing an additional 904,933 shares during the period. Geode Capital Management LLC lifted its position in Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider's stock worth $866,310,000 after purchasing an additional 1,133,276 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Sandisk by 31.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider's stock worth $825,608,000 after purchasing an additional 828,332 shares during the period. Morgan Stanley boosted its stake in Sandisk by 7.2% during the fourth quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider's stock worth $705,105,000 after buying an additional 199,545 shares in the last quarter. Finally, Norges Bank acquired a new stake in Sandisk during the fourth quarter worth $518,889,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. New Street Research set a $3,000.00 price target on shares of Sandisk in a report on Thursday. Sanford C. Bernstein reiterated an "outperform" rating on shares of Sandisk in a research report on Thursday. Raymond James Financial reiterated an "outperform" rating and set a $1,470.00 target price on shares of Sandisk in a research report on Friday, May 1st. Zacks Research raised shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Finally, Arete Research raised shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,853.14.

Insider Buying and Selling

In related news, insider Bernard Shek sold 600 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the sale, the insider owned 30,915 shares of the company's stock, valued at $35,928,176.40. This trade represents a 1.90% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the business's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction 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. This trade represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,800 shares of company stock worth $6,504,856 over the last quarter. 0.21% of the stock is owned by company insiders.

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,237.92 on Tuesday. Sandisk Corporation has a twelve month low of $42.82 and a twelve month high of $2,354.39. The firm has a market cap 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. The business has a fifty day moving average of $1,689.51 and a 200-day moving average of $1,159.08.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm's quarterly revenue was up 371.6% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, 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 shares. This repurchase authorization permits the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

Trending Headlines about Sandisk

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

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.

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