Danske Bank A S Takes $29.84 Million Position in Sandisk Corporation $SNDK

Danske Bank A S acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,125 shares of the data storage provider’s stock, valued at approximately $29,843,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SNDK. Dogwood Wealth Management LLC boosted its stake in Sandisk by 14.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after purchasing an additional 6 shares during the period. Castle Rock Wealth Management LLC increased its position in shares of Sandisk by 2.4% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock worth $969,000 after purchasing an additional 10 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in Sandisk by 1.6% during the second quarter. Legacy Wealth Asset Management LLC now owns 772 shares of the data storage provider’s stock worth $1,755,000 after acquiring an additional 12 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Sandisk by 12.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock valued at $77,000 after purchasing an additional 13 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Sandisk by 2.5% in the second quarter. Versant Capital Management Inc now owns 527 shares of the data storage provider’s stock valued at $1,198,000 after buying an additional 13 shares during the last quarter.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory stocks rebounded in early trading after SK Hynix approved a roughly $29 billion share buyback and treasury-share cancellation. The broader sector strength provided support for Sandisk and reinforced investor confidence in favorable memory-market conditions. SK Hynix Rises 6% on $29B Buyback, SanDisk Gains 5%, Micron Climbs 3% as Memory Names Rebound
• Positive Sentiment: Analysts and investors continue to highlight Sandisk’s AI-driven flash-storage demand and its shift toward contract-based sales. The strategy could make NAND revenue and margins more predictable, with management targeting gross margins near 80% and substantial free-cash-flow generation over the long term. From Commodity to Cash Machine? Sandisk Targets 80% Margins in AI Storage Boom
• Neutral Sentiment: Sandisk’s international revenue performance and strong recent earnings remain important factors in Wall Street forecasts, but the stock’s exceptional one-year gain has created disagreement among hedge funds over whether the long-term growth outlook justifies the valuation. Sandisk Corporation International Revenue Performance Explored
• Neutral Sentiment: Technical analysts see major resistance levels ahead, leaving the shares vulnerable to further consolidation unless they regain key support levels. Sandisk Price Forecast: Can SNDK Defend Its Recovery?
• Negative Sentiment: Investors are questioning earnings quality after reports indicated that approximately two-thirds of Sandisk’s record revenue growth came from pricing rather than volume. That raises concerns about how durable results will be if NAND prices moderate ahead of the company’s technology-day presentations. SanDisk Drops Before OCP Korea Tech Day
• Negative Sentiment: David Tepper’s Appaloosa disclosed that it sold all 281,250 Sandisk shares held at the end of the prior quarter, during the period when the stock reached its record high. The sale adds to profit-taking concerns after the parabolic advance. David Tepper Sold His Entire Sandisk Stake
• Negative Sentiment: Higher Treasury yields and a broader rotation away from crowded AI and semiconductor trades have pressured memory stocks, including Sandisk, Micron and Western Digital. The sector’s high beta makes SNDK particularly sensitive to changes in risk appetite. Higher Rates Test the Memory Boom

Insiders Place Their Bets

In related news, insider Bernard Shek sold 600 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 firm’s stock in a transaction 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 sale, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,800 shares of company stock worth $6,504,856 in the last quarter. 0.21% of the stock is owned by corporate insiders.

Sandisk Trading Down 3.5%

Shares of SNDK opened at $1,568.87 on Thursday. The firm’s fifty day simple moving average is $1,668.86 and its two-hundred day simple moving average is $1,210.26. Sandisk Corporation has a 12 month low of $43.20 and a 12 month high of $2,354.39. The stock has a market capitalization of $229.71 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 0.16 and a beta of 5.20.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The firm had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.Sandisk’s quarterly revenue was up 371.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, research analysts predict that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has approved a share repurchase 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 repurchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently commented on SNDK. Royal Bank Of Canada lifted their target price on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Argus upgraded Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Wedbush reissued an “outperform” rating and issued a $2,000.00 price objective on shares of Sandisk in a research note on Friday, August 14th. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Finally, Bank of America increased their price target on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Sandisk has an average rating of “Buy” and an average target price of $1,999.27.

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.