State of New Jersey Common Pension Fund D Acquires New Stake in Symbotic Inc. $SYM

Key Points

• State of New Jersey Common Pension Fund D acquired a new stake of 40,742 shares in Symbotic (~$2.42M) during the fourth quarter, joining other institutional position changes.
• Mixed Q2 results: revenue rose ~23% to $676.5M and management guided Q3 revenue to $700–$720M, but GAAP EPS missed estimates ($0.01 vs. $0.12) and profitability remains inconsistent.
• Insider selling and mixed analyst views: insiders sold about 157,581 shares (~$9.11M) in the past 90 days, while the analyst consensus is a “Hold” with an average target of ~$65.62.

State of New Jersey Common Pension Fund D acquired a new stake in shares of Symbotic Inc. (NASDAQ:SYM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 40,742 shares of the company's stock, valued at approximately $2,424,000.

A number of other large investors have also made changes to their positions in SYM. MAI Capital Management boosted its stake in shares of Symbotic by 833.3% during the third quarter. MAI Capital Management now owns 560 shares of the company's stock valued at $30,000 after acquiring an additional 500 shares during the last quarter. Ameriflex Group Inc. boosted its stake in shares of Symbotic by 1,500.0% during the third quarter. Ameriflex Group Inc. now owns 704 shares of the company's stock valued at $38,000 after acquiring an additional 660 shares during the last quarter. Strategic Advocates LLC acquired a new stake in shares of Symbotic during the third quarter valued at $42,000. NewEdge Advisors LLC boosted its stake in shares of Symbotic by 81.5% during the second quarter. NewEdge Advisors LLC now owns 1,276 shares of the company's stock valued at $50,000 after acquiring an additional 573 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Symbotic by 20,000.0% during the third quarter. Fifth Third Bancorp now owns 1,005 shares of the company's stock valued at $54,000 after acquiring an additional 1,000 shares during the last quarter.

Symbotic Trading Up 5.3%

Shares of NASDAQ:SYM opened at $61.16 on Thursday. The stock's 50-day moving average price is $54.84 and its two-hundred day moving average price is $60.72. Symbotic Inc. has a 12-month low of $21.89 and a 12-month high of $87.88. The firm has a market cap of $36.83 billion, a price-to-earnings ratio of -611.54, a PEG ratio of 5.82 and a beta of 2.03.

Symbotic (NASDAQ:SYM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.11). Symbotic had a negative return on equity of 1.88% and a negative net margin of 0.45%.The business had revenue of $676.48 million during the quarter, compared to analyst estimates of $662.66 million. During the same period in the previous year, the business posted ($0.04) earnings per share. The firm's quarterly revenue was up 23.1% on a year-over-year basis. As a group, research analysts forecast that Symbotic Inc. will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Symbotic

In other news, CTO James Kuffner sold 19,729 shares of the business's stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $59.82, for a total transaction of $1,180,188.78. Following the completion of the sale, the chief technology officer owned 179,255 shares in the company, valued at approximately $10,723,034.10. The trade was a 9.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Charles Kane sold 2,000 shares of the business's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $58.26, for a total value of $116,520.00. Following the sale, the director owned 89,852 shares of the company's stock, valued at $5,234,777.52. The trade was a 2.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 157,581 shares of company stock worth $9,113,457. Company insiders own 8.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SYM shares. Wall Street Zen lowered Symbotic from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Weiss Ratings reissued a "hold (c-)" rating on shares of Symbotic in a research note on Tuesday, April 21st. Northland Securities set a $73.00 price target on Symbotic in a research note on Thursday, February 5th. DA Davidson raised Symbotic from a "neutral" rating to a "buy" rating and raised their price target for the stock from $57.00 to $70.00 in a research note on Wednesday, April 15th. Finally, UBS Group set a $70.00 price target on Symbotic in a research note on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $65.62.

Key Symbotic News

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Company reported strong Q2 results: revenue rose ~23% to $676M and adjusted EBITDA more than doubled to $78M, and management disclosed higher third‑quarter revenue guidance ($700M–$720M) that sits above consensus — supporting the growth story. Read More.
• Positive Sentiment: Some outlets report an EPS/outlook beat on the quarter (Zacks highlights an EPS beat vs. consensus), which has reignited upside discussion among investors focused on improving profitability metrics. Read More.
• Positive Sentiment: Strategic investment and product traction — Symbotic led a $60M Series C for battery/power specialist Nyobolt (supporting autonomous machines) and announced record operational throughput and a next‑gen storage product and new deployment win, signaling commercial momentum and tech differentiation. Read More.
• Positive Sentiment: DA Davidson upgraded SYM to Buy and raised its target to $70, citing an “AI‑enabled technology moat,” which likely attracted additional buying interest from growth/AI-focused funds. Read More.
• Neutral Sentiment: Insider activity: a director sold 2,000 shares under a pre‑arranged 10b5‑1 plan; the sale is small relative to his holdings and appears planned rather than signaling a change in conviction. Read More.
• Neutral Sentiment: Analyst/market positioning remains mixed: several buy upgrades and higher targets exist, but consensus analyst rating averages to a “Hold,” so conviction is uneven across the sell side. Read More.
• Negative Sentiment: Conflicting EPS signals — some data providers reported a modest GAAP EPS miss and highlight continued lack of consistent net‑margin profitability on a GAAP basis, which keeps valuation and margin ramp risk front‑of‑mind for skeptics. Read More.

About Symbotic

Symbotic Inc NASDAQ: SYM is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.

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