12,200 Shares in Astera Labs, Inc. $ALAB Bought by Ameritas Advisory Services LLC

Key Points

• Ameritas Advisory Services initiated a position in Astera Labs by buying 12,200 shares valued at approximately $5.9 million. Institutional investors collectively own 60.47% of the company.
• Astera Labs reported strong quarterly results, with EPS of $0.80 beating estimates by $0.11 and revenue rising 104.5% year over year to $392.4 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $348.33.
• ALAB opened at $310.40 and has a 12-month range of $97.89 to $499.48, while insiders sold about $209.7 million worth of shares during the latest quarter, including CEO Jitendra Mohan’s $30.8 million sale to cover tax obligations.

Ameritas Advisory Services LLC purchased a new position in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,200 shares of the company's stock, valued at approximately $5,893,000.

Several other large investors also recently added to or reduced their stakes in the stock. Greenleaf Trust grew its position in Astera Labs by 1.8% during the second quarter. Greenleaf Trust now owns 2,000 shares of the company's stock worth $966,000 after buying an additional 36 shares during the period. Glenmede Trust Co. NA lifted its position in shares of Astera Labs by 2.7% during the 1st quarter. Glenmede Trust Co. NA now owns 1,909 shares of the company's stock valued at $209,000 after acquiring an additional 51 shares during the period. Keating Financial Advisory Services Inc. acquired a new stake in shares of Astera Labs during the 2nd quarter valued at approximately $25,000. Lido Advisors LLC boosted its stake in shares of Astera Labs by 0.5% during the 4th quarter. Lido Advisors LLC now owns 12,297 shares of the company's stock worth $2,046,000 after acquiring an additional 57 shares in the last quarter. Finally, Archer Investment Corp purchased a new stake in shares of Astera Labs during the 2nd quarter worth approximately $30,000. 60.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ALAB has been the subject of several research reports. Zacks Research raised Astera Labs from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Evercore reissued an "outperform" rating and set a $297.00 price objective on shares of Astera Labs in a research note on Tuesday, May 19th. Barclays lifted their price objective on Astera Labs from $200.00 to $325.00 and gave the stock an "equal weight" rating in a research report on Monday, July 20th. Jefferies Financial Group upped their target price on Astera Labs from $270.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, UBS Group reiterated a "neutral" rating and set a $425.00 target price on shares of Astera Labs in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $348.33.

Astera Labs Price Performance

NASDAQ ALAB opened at $310.40 on Tuesday. Astera Labs, Inc. has a 12 month low of $97.89 and a 12 month high of $499.48. The company has a 50-day moving average of $327.83 and a 200-day moving average of $256.56. The company has a market cap of $53.85 billion, a P/E ratio of 153.66 and a beta of 3.77.

Astera Labs (NASDAQ:ALAB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.11. The company had revenue of $392.40 million during the quarter, compared to analysts' expectations of $360.85 million. Astera Labs had a net margin of 30.74% and a return on equity of 19.24%. The business's quarterly revenue was up 104.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. Astera Labs has set its Q3 2026 guidance at 1.160-1.210 EPS. As a group, equities research analysts anticipate that Astera Labs, Inc. will post 2.7 EPS for the current year.

Insider Activity

In other news, CEO Jitendra Mohan sold 90,630 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $340.35, for a total value of $30,845,920.50. Following the transaction, the chief executive officer owned 1,266,665 shares of the company's stock, valued at approximately $431,109,432.75. This trade represents a 6.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stefan A. Dyckerhoff sold 8,994 shares of the company's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $311.83, for a total transaction of $2,804,599.02. Following the sale, the director directly owned 3,970 shares of the company's stock, valued at approximately $1,237,965.10. This trade represents a 69.38% 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 a total of 592,244 shares of company stock valued at $209,729,973 over the last quarter. 10.40% of the stock is owned by insiders.

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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