State of New Jersey Common Pension Fund D Invests $2.42 Million in Symbotic Inc. $SYM

State of New Jersey Common Pension Fund D bought a new position in shares of Symbotic Inc. (NASDAQ:SYM) in the fourth quarter, Holdings Channel reports. The firm bought 40,742 shares of the company’s stock, valued at approximately $2,424,000.

A number of other institutional investors have also modified their holdings of SYM. Vanguard Group Inc. grew its holdings in shares of Symbotic by 47.6% during the 4th quarter. Vanguard Group Inc. now owns 6,932,158 shares of the company’s stock worth $412,463,000 after purchasing an additional 2,237,137 shares during the period. M&T Bank Corp raised its holdings in shares of Symbotic by 1,108.8% during the 4th quarter. M&T Bank Corp now owns 330,882 shares of the company’s stock valued at $19,687,000 after buying an additional 303,510 shares during the period. Franklin Resources Inc. lifted its position in Symbotic by 3,188.8% during the 3rd quarter. Franklin Resources Inc. now owns 274,155 shares of the company’s stock worth $14,777,000 after acquiring an additional 265,819 shares in the last quarter. Handelsbanken Fonder AB lifted its position in Symbotic by 626.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 274,178 shares of the company’s stock worth $14,778,000 after acquiring an additional 236,435 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in Symbotic during the 3rd quarter worth approximately $12,377,000.

Symbotic Stock Performance

Symbotic stock opened at $61.16 on Thursday. Symbotic Inc. has a one year low of $21.89 and a one year high of $87.88. The stock’s 50 day moving average price is $54.84 and its 200 day moving average price is $60.72. The firm has a market capitalization of $36.83 billion, a PE ratio of -611.54, a price-to-earnings-growth ratio of 5.82 and a beta of 2.03.

Symbotic (NASDAQ:SYM) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $662.66 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. Symbotic’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts forecast that Symbotic Inc. will post 0.33 earnings per share for the current fiscal year.

Insider Activity at Symbotic

In other Symbotic news, CTO James Kuffner sold 19,729 shares of Symbotic stock in a transaction that occurred on 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 sale, the chief technology officer directly owned 179,255 shares in the company, valued at $10,723,034.10. The trade was a 9.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 Symbotic stock in a transaction that occurred on 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 in the company, valued at $5,234,777.52. This represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 157,581 shares of company stock worth $9,113,457 over the last ninety days. Company insiders own 8.16% of the company’s stock.

Symbotic News Roundup

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.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SYM shares. Wall Street Zen lowered Symbotic from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Barclays boosted their price target on Symbotic from $42.00 to $44.00 and gave the stock an “underweight” rating in a research report on Monday, March 16th. Zacks Research raised Symbotic from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Northland Securities set a $73.00 price target on Symbotic in a research report on Thursday, February 5th. Finally, DA Davidson raised Symbotic from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $57.00 to $70.00 in a research report on Wednesday, April 15th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Symbotic presently has a consensus rating of “Hold” and an average target price of $65.62.

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.