Shares of Astera Labs, Inc. (NASDAQ:ALAB – Get Free Report) rose 7.3% during mid-day trading on Thursday . The stock traded as high as $354.53 and last traded at $349.17. Approximately 5,559,052 shares were traded during trading, an increase of 0% from the average daily volume of 5,544,094 shares. The stock had previously closed at $325.33.
Wall Street Analyst Weigh In
ALAB has been the topic of several research reports. Northland Securities lowered shares of Astera Labs from an “outperform” rating to a “market perform” rating in a report on Tuesday. Loop Capital initiated coverage on shares of Astera Labs in a report on Thursday, March 5th. They set a “buy” rating and a $250.00 price objective on the stock. Citigroup lowered shares of Astera Labs from a “buy” rating to a “market perform” rating in a report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $270.00 price target on shares of Astera Labs in a report on Wednesday, May 6th. Finally, Needham & Company LLC lifted their price target on shares of Astera Labs from $220.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $233.75.
Check Out Our Latest Report on Astera Labs
Astera Labs Price Performance
Astera Labs (NASDAQ:ALAB – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.07. Astera Labs had a net margin of 26.72% and a return on equity of 18.49%. The business had revenue of $308.36 million for the quarter, compared to analyst estimates of $292.19 million. During the same period in the previous year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 93.5% on a year-over-year basis. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. As a group, equities research analysts anticipate that Astera Labs, Inc. will post 1.84 earnings per share for the current fiscal year.
Insider Transactions at Astera Labs
In other news, CEO Jitendra Mohan sold 28,737 shares of Astera Labs 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 completion of the sale, the chief executive officer directly owned 3,789,232 shares in the company, valued at approximately $945,868,091.84. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Gajendra sold 400,000 shares of Astera Labs stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $290.30, for a total transaction of $116,120,000.00. Following the sale, the chief operating officer owned 5,064,213 shares of the company’s stock, valued at $1,470,141,033.90. The trade was a 7.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 2,316,257 shares of company stock worth $474,860,636. Company insiders own 12.50% of the company’s stock.
Institutional Investors Weigh In On Astera Labs
Several institutional investors and hedge funds have recently made changes to their positions in ALAB. Nordea Investment Management AB acquired a new position in shares of Astera Labs in the fourth quarter worth about $2,028,000. Geneva Partners LLC purchased a new stake in shares of Astera Labs during the third quarter worth about $1,876,000. Numerai GP LLC increased its stake in shares of Astera Labs by 153.1% during the third quarter. Numerai GP LLC now owns 13,212 shares of the company’s stock worth $2,587,000 after purchasing an additional 7,992 shares in the last quarter. Swedbank AB increased its stake in shares of Astera Labs by 76.8% during the fourth quarter. Swedbank AB now owns 78,140 shares of the company’s stock worth $12,999,000 after purchasing an additional 33,940 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Astera Labs by 289.5% during the third quarter. Handelsbanken Fonder AB now owns 126,200 shares of the company’s stock worth $24,710,000 after purchasing an additional 93,800 shares in the last quarter. 60.47% of the stock is currently owned by institutional investors and hedge funds.
About Astera Labs
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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