Westfield Capital Management Co. LP Acquires 2,680 Shares of Astera Labs, Inc. $ALAB

Westfield Capital Management Co. LP boosted its holdings in shares of Astera Labs, Inc. (NASDAQ:ALABFree Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195,294 shares of the company’s stock after buying an additional 2,680 shares during the quarter. Westfield Capital Management Co. LP owned about 0.12% of Astera Labs worth $32,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in Astera Labs by 167.3% during the 1st quarter. Royal Bank of Canada now owns 152,453 shares of the company’s stock worth $9,097,000 after acquiring an additional 95,409 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Astera Labs by 213.4% in the first quarter. AQR Capital Management LLC now owns 11,391 shares of the company’s stock valued at $680,000 after purchasing an additional 7,756 shares during the last quarter. Empowered Funds LLC grew its position in shares of Astera Labs by 917.3% in the first quarter. Empowered Funds LLC now owns 4,639 shares of the company’s stock valued at $277,000 after purchasing an additional 4,183 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Astera Labs by 102.0% in the second quarter. First Trust Advisors LP now owns 112,766 shares of the company’s stock worth $10,196,000 after purchasing an additional 56,952 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of Astera Labs by 54.9% in the second quarter. Brown Advisory Inc. now owns 5,581 shares of the company’s stock worth $505,000 after purchasing an additional 1,977 shares during the period. Institutional investors and hedge funds own 60.47% of the company’s stock.

Insider Buying and Selling at Astera Labs

In other news, CEO Jitendra Mohan sold 28,737 shares of Astera Labs stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 the stock in a transaction dated 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 completion of the transaction, the chief operating officer directly owned 5,064,213 shares of the company’s stock, valued at $1,470,141,033.90. This trade represents a 7.32% decrease in their position. 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. Over the last quarter, insiders sold 2,311,256 shares of company stock worth $477,341,446. Corporate insiders own 10.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ALAB. Roth Mkm reiterated a “buy” rating and set a $275.00 price target on shares of Astera Labs in a report on Wednesday, May 6th. Rothschild & Co Redburn started coverage on shares of Astera Labs in a research report on Friday, May 1st. They set a “neutral” rating and a $153.00 target price on the stock. Northland Securities cut shares of Astera Labs from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 26th. Needham & Company LLC increased their price target on shares of Astera Labs from $220.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Evercore restated an “outperform” rating and issued a $297.00 price target on shares of Astera Labs in a research report on Tuesday, May 19th. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Astera Labs presently has an average rating of “Moderate Buy” and an average target price of $233.75.

Read Our Latest Stock Analysis on ALAB

Astera Labs Trading Down 11.4%

Shares of NASDAQ:ALAB opened at $317.06 on Friday. Astera Labs, Inc. has a 1-year low of $84.78 and a 1-year high of $372.37. The firm has a market capitalization of $54.35 billion, a PE ratio of 214.23, a PEG ratio of 4.74 and a beta of 3.95. The business’s 50 day moving average is $212.95 and its 200-day moving average is $171.60.

Astera Labs (NASDAQ:ALABGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. The business had revenue of $308.36 million for the quarter, compared to analysts’ expectations of $292.19 million. Astera Labs had a return on equity of 18.49% and a net margin of 26.72%.Astera Labs’s quarterly revenue was up 93.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. On average, sell-side analysts predict that Astera Labs, Inc. will post 1.84 EPS for the current year.

Astera Labs Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Astera Labs (NASDAQ:ALAB)

Receive News & Ratings for Astera Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astera Labs and related companies with MarketBeat.com's FREE daily email newsletter.