Evergreen Quality Fund GP Ltd. Makes New Investment in Sandisk Corporation $SNDK

Evergreen Quality Fund GP Ltd. acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,077,800 shares of the data storage provider’s stock, valued at approximately $255,848,000. Sandisk accounts for approximately 5.0% of Evergreen Quality Fund GP Ltd.’s portfolio, making the stock its 5th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Greenline Wealth Management LLC acquired a new position in Sandisk during the fourth quarter worth $26,000. Whittier Trust Co. acquired a new stake in Sandisk in the fourth quarter valued at $26,000. Chung Wu Investment Group LLC acquired a new position in shares of Sandisk during the 4th quarter worth about $27,000. Westfuller Advisors LLC raised its holdings in shares of Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares during the period. Finally, TD Private Client Wealth LLC lifted its stake in Sandisk by 137.9% in the 4th quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after purchasing an additional 80 shares during the last quarter.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and bullish commentators say Sandisk is benefiting from accelerating AI memory demand, especially at the edge, where more AI-enabled devices need local storage. One recent upgrade argues this could support long-term growth and higher valuation. Sandisk: I Was Wrong, Edge AI Changes Everything (Rating Upgrade)
• Positive Sentiment: Another analysis says AI inference workloads could boost NAND demand through enterprise SSDs, supply agreements, and better margins, reinforcing the bull case for Sandisk’s storage cycle. Can AI Inference Workloads Accelerate NAND Demand for Sandisk?
• Neutral Sentiment: Coverage comparing top 2026 S&P 500 performers continues to spotlight Sandisk as a major AI-memory winner, which can keep investor attention high but does not add new company-specific fundamentals. AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
• Negative Sentiment: Carter Worth of Worth Charting warned that the memory-chip trade has gone “too far, too fast” and singled out Sandisk as the “most overbought stock ever,” encouraging traders to trim or hedge positions. Take Profits Now. Famous Chart Technician Says SanDisk is The “Most Overbought Stock Ever”
• Negative Sentiment: Additional articles note Sandisk slipping back after hitting a record high, reinforcing fears of a near-term pullback as investors lock in gains. SanDisk Is ‘the Most Overbought Stock in History,’ Says Polymarket

Insider Activity at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 5,625 shares of company stock valued at $8,913,497. Company insiders own 0.21% of the company’s stock.

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $1,958.80 on Thursday. Sandisk Corporation has a one year low of $40.10 and a one year high of $2,167.33. The firm has a market cap of $290.08 billion, a price-to-earnings ratio of 68.08 and a beta of 4.87. The stock’s fifty day moving average price is $1,366.71 and its two-hundred day moving average price is $791.01.

Sandisk (NASDAQ:SNDK) 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 business had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company’s quarterly revenue was up 251.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities analysts anticipate that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on SNDK. Wells Fargo & Company lifted their price target on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Mizuho boosted their target price on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Cantor Fitzgerald raised their price target on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday, June 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a report on Friday, May 1st. Finally, Raymond James Financial restated an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a research note on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and an average target price of $1,580.67.

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.