NEOS Investment Management LLC Boosts Position in Sandisk Corporation $SNDK

NEOS Investment Management LLC boosted its holdings in Sandisk Corporation (NASDAQ:SNDK) by 414.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,085 shares of the data storage provider’s stock after purchasing an additional 87,871 shares during the quarter. Sandisk comprises approximately 0.9% of NEOS Investment Management LLC’s portfolio, making the stock its 20th biggest position. NEOS Investment Management LLC’s holdings in Sandisk were worth $248,030,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SNDK. Fortune 45 LLC raised its holdings in Sandisk by 3.6% during the second quarter. Fortune 45 LLC now owns 437 shares of the data storage provider’s stock worth $994,000 after purchasing an additional 15 shares in the last quarter. High Net Worth Advisory Group LLC acquired a new position in shares of Sandisk in the 2nd quarter valued at $227,000. Carter Financial Group INC. acquired a new position in shares of Sandisk in the 2nd quarter valued at $282,000. Paragon Private Wealth Management LLC acquired a new position in shares of Sandisk in the 2nd quarter valued at $282,000. Finally, Continuum Advisory LLC purchased a new position in shares of Sandisk in the 2nd quarter valued at $59,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Upward earnings revisions support the shares. Zacks reiterated a Rank #1 (Strong Buy) for SNDK, citing a strengthening earnings outlook. The view follows Sandisk’s recent earnings beat, 371.6% year-over-year revenue growth and strong fiscal 2027 guidance. Bullish EPS Revisions Back IBKR, SNDK, and ROKU
• Positive Sentiment: AI data-center demand remains a major bullish driver. Analysts continue to identify Sandisk as a way to participate in rising demand for enterprise storage, NAND flash and other memory infrastructure supporting AI workloads. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
• Positive Sentiment: Management’s scheduled presentations at the Citi Global TMT Conference and Goldman Sachs Communacopia + Technology Conference could provide fresh commentary on demand, pricing and the company’s outlook. Sandisk Announces Participation in Investor Conferences
• Neutral Sentiment: Recent commentary presents a wide range of expectations, including bullish price targets and comparisons highlighting Sandisk’s rapid revenue expansion. However, the stock’s elevated valuation and high volatility leave it sensitive to changes in the memory cycle and investor sentiment. SanDisk SNDK Stock Prediction
• Negative Sentiment: Growing Chinese competition is the key downside risk. Chinese memory manufacturers are gaining DRAM and NAND market share, raising concerns about future pricing pressure, reduced share and lower margins for Sandisk. Micron, SanDisk Lag Tech Rally as China Grabs Memory Market Share
• Negative Sentiment: Insider Bernard Shek sold approximately $915,360 of SNDK under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by about 2%, limiting its significance but adding a modest sentiment headwind. Insider Selling: Sandisk Insider Sells Stock

Insider Buying and Selling at Sandisk

In other news, insider Bernard Shek sold 600 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the completion of the sale, the insider owned 29,884 shares in the company, valued at approximately $45,591,030.40. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,800 shares of company stock worth $2,865,456 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SNDK shares. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Evercore reaffirmed an “outperform” rating on shares of Sandisk in a report on Thursday, August 13th. JPMorgan Chase & Co. assumed coverage on Sandisk in a research report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 target price on the stock. Melius Research set a $2,350.00 target price on Sandisk in a report on Monday, May 18th. Finally, Weiss Ratings raised Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $1,998.14.

Sandisk Price Performance

SNDK stock opened at $1,554.99 on Friday. The company has a market cap of $227.68 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 0.15 and a beta of 5.17. The company has a fifty day moving average price of $1,550.34 and a 200 day moving average price of $1,281.92. Sandisk Corporation has a 12 month low of $55.55 and a 12 month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data 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 company 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 for the quarter was up 371.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its board has authorized a share repurchase program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in shares. This buyback authorization authorizes the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.