Astera Labs, Inc. (NASDAQ:ALAB – Get Free Report) shares traded down 5% during trading on Friday . The company traded as low as $289.60 and last traded at $303.62. 7,202,064 shares changed hands during trading, an increase of 28% from the average session volume of 5,634,647 shares. The stock had previously closed at $319.74.
Analysts Set New Price Targets
Several research firms recently weighed in on ALAB. Roth Capital reaffirmed a “buy” rating and issued a $275.00 price objective on shares of Astera Labs in a report on Wednesday, May 6th. Susquehanna raised their target price on shares of Astera Labs from $155.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Barclays upped their price target on shares of Astera Labs from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Finally, Needham & Company LLC increased their price objective 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. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Astera Labs has an average rating of “Moderate Buy” and a consensus target price of $275.75.
Read Our Latest Stock Report on ALAB
Astera Labs Price Performance
Astera Labs (NASDAQ:ALAB – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. Astera Labs had a return on equity of 18.49% and a net margin of 26.72%.The firm 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. Astera Labs’s revenue was up 93.5% compared to the same quarter last year. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. On average, research analysts expect that Astera Labs, Inc. will post 1.88 earnings per share for the current fiscal year.
Insider Transactions at Astera Labs
In other news, Director Manuel Alba sold 136,974 shares of Astera Labs stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $442.01, for a total value of $60,543,877.74. Following the transaction, the director owned 1,287,524 shares of the company’s stock, valued at $569,098,483.24. The trade was a 9.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jitendra Mohan sold 139,951 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $200.16, for a total transaction of $28,012,592.16. Following the completion of the sale, the chief executive officer owned 3,929,183 shares in the company, valued at $786,465,269.28. The trade was a 3.44% 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 have sold 1,700,432 shares of company stock valued at $449,062,723 in the last quarter. Insiders own 10.40% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of ALAB. Reflection Asset Management acquired a new position in shares of Astera Labs in the 4th quarter worth $25,000. Smartleaf Asset Management LLC raised its position in shares of Astera Labs by 422.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock worth $32,000 after purchasing an additional 152 shares during the period. Aventura Private Wealth LLC purchased a new stake in shares of Astera Labs during the fourth quarter valued at $33,000. Hilltop National Bank lifted its holdings in shares of Astera Labs by 100.0% during the fourth quarter. Hilltop National Bank now owns 200 shares of the company’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Astera Labs in the 4th quarter valued at $33,000. Institutional investors own 60.47% of the company’s stock.
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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