Gateway Investment Advisers LLC Buys Shares of 13,581 Sandisk Corporation $SNDK

Key Points

• Gateway Investment Advisers LLC bought a new stake of 13,581 shares of Sandisk (NASDAQ:SNDK) in Q4, valued at about $3.224 million per its recent 13F filing.
• SanDisk reported blowout quarterly results—$23.41 EPS vs $14.17 expected and revenue of $5.95 billion (up 251% YoY)—spurring multiple analyst price-target upgrades and a MarketBeat consensus of "Moderate Buy" (target ~$1,065.81).
• Market sentiment is mixed: the company has locked in large AI memory deals (reported coverage ~$42 billion) and drawn bullish analyst attention, but elevated implied volatility, heavy put activity and roughly 10.3% short interest highlight notable downside hedging and risk.

Gateway Investment Advisers LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,581 shares of the data storage provider's stock, valued at approximately $3,224,000.

A number of other institutional investors and hedge funds have also modified their holdings of SNDK. Vanguard Group Inc. acquired a new stake in shares of Sandisk in the third quarter worth $1,970,388,000. State Street Corp acquired a new stake in shares of Sandisk in the third quarter worth $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sandisk in the third quarter worth $297,293,000. Bank of America Corp DE acquired a new stake in shares of Sandisk in the third quarter worth $190,425,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Sandisk in the third quarter worth $163,057,000.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Evercore restated an "outperform" rating and issued a $1,400.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Sandisk from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 31st. Barclays boosted their price objective on shares of Sandisk from $750.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Friday, May 1st. Sanford C. Bernstein boosted their price objective on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Zacks Research raised shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 20th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,065.81.

Sandisk Trading Down 5.0%

Shares of SNDK stock opened at $1,339.96 on Friday. Sandisk Corporation has a 1 year low of $33.13 and a 1 year high of $1,439.70. The firm's fifty day simple moving average is $797.19 and its 200 day simple moving average is $500.60. The firm has a market capitalization of $198.43 billion, a P/E ratio of 46.57 and a beta of 4.82.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion for the quarter. During the same period last year, the firm posted ($0.30) EPS. The company's revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts anticipate that Sandisk Corporation will post 63.93 EPS for the current fiscal year.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk says it has locked in large AI memory deals (reported as ~$42 billion in coverage), supporting long-term revenue visibility and investor excitement. SanDisk stock surges 10% after locking in $42 billion in AI deals
• Positive Sentiment: Multiple analysts raised targets after strong results: Cantor Fitzgerald lifted its SNDK target to $1,800 (Overweight) and Goldman Sachs raised its target to $1,200 — both underscore upgraded earnings/guidance expectations. Why Sandisk Corporation (SNDK) is One of the Top Stock Giants...
• Positive Sentiment: Media and sector bulls continue to push the narrative that SanDisk is a core beneficiary of the AI memory cycle—Jim Cramer and other commentators have labeled the stock attractive on growth vs. price. Jim Cramer on Sandisk: “That’s Extremely Cheap for a Growth Stock”
• Positive Sentiment: Analyst and thematic write-ups point to historically strong NAND margin expansion and durable AI-driven demand—supporting elevated multi-quarter profitability expectations. Sandisk: The Steepest Margin Expansion In NAND History...
• Neutral Sentiment: Industry analysis warns AI is driving memory shortages that could push smartphone prices higher—this is supportive for NAND pricing but has mixed short-term demand implications. AI Is Making Smartphones More Expensive—But Not For the Reason You Think
• Neutral Sentiment: Positive feature pieces and “best stocks to hold” stories keep retail interest elevated, but these are not immediate price drivers compared with flows and hedging. Sandisk (SNDK): Best Young Stocks to Buy and Hold...
• Negative Sentiment: Options-market data show elevated implied volatility and heavy put interest, signaling traders are hedging or positioning for a pullback after the post‑earnings move. Sandisk: The Options Market Is Pricing A Big Selloff
• Negative Sentiment: Short interest is material (reported ~10.3%), and headlines about broad tech/AI rotation plus warnings from prominent investors have amplified intraday selling pressure. Why Is SanDisk Stock Falling On Thursday?
• Negative Sentiment: Macro/sector commentary suggests the AI infrastructure trade is pausing—short-term rotation could weigh on high-beta memory names like SNDK even with strong fundamentals. The AI Infrastructure Trade Catches Its Breath

Insider Transactions at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the business's stock in a transaction on 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 sale, the director owned 9,907 shares of the company's stock, valued at $6,216,939.71. The trade was a 26.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

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.

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