Handelsbanken Fonder AB Makes New $9.69 Million Investment in Sandisk Corporation $SNDK

Key Points

• Handelsbanken Fonder AB opened a new position in SanDisk, buying 40,800 shares worth about $9.69 million in the fourth quarter.
• Institutional interest in SanDisk remains strong, with several large investors adding stakes and multiple analysts raising price targets. MarketBeat says the stock has a Moderate Buy consensus and an average price target of $1,157.14.
• SanDisk recently posted a huge earnings beat, reporting $23.41 EPS on $5.95 billion in revenue, with revenue up 251% year over year. The stock has also been lifted by a rebound in memory-chip shares and optimism around AI-driven NAND demand.

Handelsbanken Fonder AB purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 40,800 shares of the data storage provider's stock, valued at approximately $9,685,000.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. purchased a new stake in Sandisk during the 3rd quarter worth about $1,970,388,000. State Street Corp purchased a new stake in Sandisk during the 3rd quarter worth about $491,053,000. Arrowstreet Capital Limited Partnership purchased a new stake in Sandisk during the 3rd quarter worth about $297,293,000. Bank of America Corp DE purchased a new stake in Sandisk during the 3rd quarter worth about $190,425,000. Finally, AQR Capital Management LLC purchased a new stake in Sandisk during the 3rd quarter worth about $163,057,000.

Wall Street Analyst Weigh In

SNDK has been the subject of a number of recent analyst reports. Barclays lifted their price target on Sandisk from $750.00 to $1,200.00 and gave the stock an "equal weight" rating in a report on Friday, May 1st. Sanford C. Bernstein lifted their target price on Sandisk from $1,250.00 to $1,700.00 and gave the stock an "outperform" rating in a research report on Monday, May 4th. UBS Group set a $1,700.00 target price on Sandisk in a research report on Monday, May 4th. Melius Research set a $2,350.00 target price on Sandisk in a research report on Monday. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,157.14.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 579 shares of the business's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director owned 2,900 shares in the company, valued at $4,359,019. The trade was a 16.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Miyuki Suzuki sold 3,500 shares of the business's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the transaction, the director owned 9,907 shares in the company, valued at $6,216,939.71. This trade represents a 26.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,525 shares of company stock worth $6,555,092 in the last quarter. Company insiders own 0.21% of the company's stock.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Shares are being lifted by a broader rebound in memory stocks as traders buy back into the sector after a sharp recent selloff, with SanDisk among the biggest beneficiaries of the “memory trade” rebound. SanDisk Soars 9%, Western Digital Rallies 5%, Micron Rises 3% as Memory Trade Reawakens
• Positive Sentiment: Analysts are arguing that SanDisk is benefiting from an AI-driven pivot in NAND, with enterprise SSDs and data-center storage demand improving the company’s growth and margin outlook. Sandisk's AI Pivot Changes The NAND Narrative
• Positive Sentiment: Fresh bullish coverage says SanDisk is “cheap” relative to its FY2027 earnings potential, citing robust NAND demand, strong buyback plans, and a higher valuation target. Sandisk: Moving Up The Value Chain And Cheap At 7x FY2027 P/E
• Positive Sentiment: Multiple bullish notes and raised price targets, including Citi’s reported 50% target increase, are reinforcing momentum and suggesting Wall Street sees more upside in the stock. Citi just raised its price target on SanDisk stock by 50%. Here's why.
• Neutral Sentiment: Commentary from Jim Cramer and other traders has added to volatility, but this appears more like debate over whether the rally is extended than a direct change in fundamentals. Jim Cramer on Sandisk: “Gotta Let It Come Down More”

Sandisk Stock Up 10.7%

Shares of SNDK stock opened at $1,542.24 on Friday. The stock has a market capitalization of $228.39 billion, a PE ratio of 53.61 and a beta of 4.82. Sandisk Corporation has a 52-week low of $35.79 and a 52-week high of $1,600.00. The stock's 50-day moving average price is $966.13 and its 200 day moving average price is $590.05.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business's revenue was up 251.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Analysts expect that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

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.

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