Astera Labs, Inc. (NASDAQ:ALAB – Get Free Report)’s share price was up 3.9% during trading on Tuesday . The stock traded as high as $321.99 and last traded at $318.72. Approximately 8,097,029 shares traded hands during trading, an increase of 46% from the average daily volume of 5,548,043 shares. The stock had previously closed at $306.88.
Analyst Upgrades and Downgrades
Several equities analysts have commented on ALAB shares. Morgan Stanley lifted their target price on shares of Astera Labs from $210.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Royal Bank Of Canada lifted their target price on shares of Astera Labs from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Needham & Company LLC lifted their target price on shares of Astera Labs from $220.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Roth Mkm reissued a “buy” rating and set a $275.00 target price on shares of Astera Labs in a research report on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $233.75.
View Our Latest Stock Analysis on ALAB
Astera Labs Trading Up 3.9%
Astera Labs (NASDAQ:ALAB – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The company had revenue of $308.36 million for the quarter, compared to analysts’ expectations of $292.19 million. Astera Labs had a net margin of 26.72% and a return on equity of 18.49%. Astera Labs’s revenue was up 93.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. As a group, research analysts expect that Astera Labs, Inc. will post 1.84 EPS for the current fiscal year.
Insider Buying and Selling
In other Astera Labs news, CEO Jitendra Mohan sold 28,737 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $249.62, for a total transaction of $7,173,329.94. Following the sale, the chief executive officer owned 3,789,232 shares of the company’s stock, valued at $945,868,091.84. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Philip Mazzara sold 796 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $291.03, for a total transaction of $231,659.88. Following the sale, the general counsel directly owned 103,343 shares in the company, valued at $30,075,913.29. The trade was a 0.76% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,316,257 shares of company stock valued at $474,860,636. 12.50% of the stock is owned by company insiders.
Institutional Investors Weigh In On Astera Labs
A number of hedge funds and other institutional investors have recently bought and sold shares of ALAB. Assetmark Inc. raised its holdings in Astera Labs by 374.1% during the 3rd quarter. Assetmark Inc. now owns 128 shares of the company’s stock valued at $25,000 after acquiring an additional 101 shares during the period. Reflection Asset Management bought a new stake in Astera Labs during the 4th quarter valued at $25,000. Smartleaf Asset Management LLC raised its holdings in Astera Labs by 422.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock valued at $32,000 after acquiring an additional 152 shares during the period. Hilltop National Bank raised its holdings in Astera Labs by 100.0% during the 4th quarter. Hilltop National Bank now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Finally, Aventura Private Wealth LLC bought a new stake in Astera Labs during the 4th quarter valued at $33,000. Institutional investors own 60.47% of the company’s stock.
Astera Labs Company Profile
Astera Labs is a fabless semiconductor company that develops connectivity solutions for data center and cloud infrastructure. The firm focuses on addressing signal integrity and link management challenges that arise as server architectures incorporate higher-bandwidth processors and accelerators. Its technology is aimed at improving reliability and performance for high-speed interconnects used in servers, storage systems and compute accelerators.
The company’s product portfolio centers on silicon devices and accompanying firmware and software that enhance and manage high-speed links.
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