309,013 Shares in Astera Labs, Inc. $ALAB Purchased by Analog Century Management LP

Key Points

• Analog Century Management LP opened a new position in Astera Labs, buying 309,013 shares valued at about $51.4 million. The stake represents roughly 0.18% of Astera Labs and 2.5% of the fund’s portfolio.
• Institutional interest remains strong, with hedge funds and other investors owning about 60.47% of the company. Several smaller funds also recently increased or initiated positions in ALAB.
• Astera Labs reported better-than-expected quarterly results, with EPS of $0.61 and revenue of $308.36 million, up 93.5% year over year. Despite the strong performance, insiders have sold a sizable amount of stock over the past 90 days.

Analog Century Management LP purchased a new position in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 309,013 shares of the company's stock, valued at approximately $51,407,000. Astera Labs makes up 2.5% of Analog Century Management LP's portfolio, making the stock its 21st largest position. Analog Century Management LP owned approximately 0.18% of Astera Labs as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in Astera Labs by 374.1% in the third quarter. Assetmark Inc. now owns 128 shares of the company's stock worth $25,000 after acquiring an additional 101 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Astera Labs by 422.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the company's stock worth $32,000 after acquiring an additional 152 shares in the last quarter. Hilltop National Bank grew its position in Astera Labs by 100.0% in the fourth quarter. Hilltop National Bank now owns 200 shares of the company's stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in Astera Labs in the fourth quarter worth about $33,000. Finally, Wexford Capital LP purchased a new position in Astera Labs in the third quarter worth about $39,000. Hedge funds and other institutional investors own 60.47% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on ALAB. Citigroup downgraded shares of Astera Labs from a "buy" rating to a "market perform" rating in a research note on Tuesday, May 26th. TD Cowen raised their price objective on shares of Astera Labs from $140.00 to $225.00 and gave the stock a "hold" rating in a research note on Wednesday, May 6th. Loop Capital began coverage on shares of Astera Labs in a research note on Thursday, March 5th. They issued a "buy" rating and a $250.00 price objective for the company. Roth Mkm reissued a "buy" rating and issued a $275.00 price objective on shares of Astera Labs in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $270.00 price objective on shares of Astera Labs in a research note on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $233.75.

Astera Labs Stock Down 0.1%

Shares of ALAB stock opened at $367.15 on Friday. The firm has a market cap of $62.93 billion, a price-to-earnings ratio of 248.07, a PEG ratio of 4.86 and a beta of 3.95. The company's 50 day moving average is $237.17 and its 200 day moving average is $178.94. Astera Labs, Inc. has a 52-week low of $84.78 and a 52-week high of $390.99.

Astera Labs (NASDAQ:ALAB - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.07. The company had revenue of $308.36 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. Analysts anticipate that Astera Labs, Inc. will post 1.84 EPS for the current fiscal year.

Insider Activity at Astera Labs

In related news, Director Manuel Alba sold 183,000 shares of Astera Labs stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $107.61, for a total transaction of $19,692,630.00. Following the transaction, the director directly owned 319,863 shares of the company's stock, valued at $34,420,457.43. This trade represents a 36.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jitendra Mohan sold 325,693 shares of Astera Labs stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $172.14, for a total transaction of $56,064,793.02. Following the transaction, the chief executive officer directly owned 4,079,322 shares in the company, valued at approximately $702,214,489.08. The trade was a 7.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,321,256 shares of company stock valued at $480,893,146 over the last ninety days. 10.40% of the stock is owned by company insiders.

Astera Labs 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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