Analog Century Management LP Acquires 176,572 Shares of Astera Labs, Inc. $ALAB

Key Points

• Analog Century Management LP has increased its holdings in Astera Labs, acquiring an additional 176,572 shares, bringing its total to 707,130 shares, which is approximately 3.4% of its investment portfolio.
• Astera Labs reported a 149.5% increase in revenue year over year for the latest quarter, with earnings per share (EPS) of $0.44, exceeding the consensus estimate of $0.33.
• Insiders have sold a significant amount of shares recently, with the COO and CEO both reducing their holdings, indicating potential bearish sentiment among executives.

Analog Century Management LP increased its holdings in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 33.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 707,130 shares of the company's stock after acquiring an additional 176,572 shares during the quarter. Astera Labs comprises about 3.4% of Analog Century Management LP's investment portfolio, making the stock its 16th largest holding. Analog Century Management LP owned approximately 0.43% of Astera Labs worth $42,194,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC increased its position in Astera Labs by 34.7% during the first quarter. Sound Income Strategies LLC now owns 792 shares of the company's stock worth $47,000 after acquiring an additional 204 shares during the period. GAMMA Investing LLC grew its stake in Astera Labs by 55.7% during the first quarter. GAMMA Investing LLC now owns 794 shares of the company's stock worth $47,000 after buying an additional 284 shares in the last quarter. Harbour Investments Inc. grew its stake in Astera Labs by 351.7% during the first quarter. Harbour Investments Inc. now owns 795 shares of the company's stock worth $47,000 after buying an additional 619 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Astera Labs during the first quarter worth about $48,000. Finally, Hazlett Burt & Watson Inc. grew its stake in Astera Labs by 1,670.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 885 shares of the company's stock worth $53,000 after buying an additional 835 shares in the last quarter. 60.47% of the stock is owned by institutional investors.

Astera Labs Price Performance

NASDAQ:ALAB opened at $189.15 on Friday. The firm's 50 day simple moving average is $130.65 and its 200 day simple moving average is $95.03. Astera Labs, Inc. has a one year low of $36.85 and a one year high of $199.47. The company has a market cap of $31.44 billion, a PE ratio of 337.77, a P/E/G ratio of 4.54 and a beta of 1.39.

Astera Labs (NASDAQ:ALAB - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.33 by $0.11. Astera Labs had a net margin of 16.54% and a return on equity of 9.53%. The business had revenue of $191.93 million for the quarter, compared to the consensus estimate of $172.46 million. During the same period last year, the company earned $0.13 EPS. The firm's revenue was up 149.5% compared to the same quarter last year. Astera Labs has set its Q3 2025 guidance at 0.380-0.390 EPS. Equities research analysts expect that Astera Labs, Inc. will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other Astera Labs news, COO Sanjay Gajendra sold 280,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $170.02, for a total transaction of $47,605,600.00. Following the completion of the transaction, the chief operating officer owned 5,525,545 shares in the company, valued at approximately $939,453,160.90. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jitendra Mohan sold 152,517 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $170.33, for a total transaction of $25,978,220.61. Following the transaction, the chief executive officer owned 450,001 shares of the company's stock, valued at approximately $76,648,670.33. The trade was a 25.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,728,116 shares of company stock worth $239,272,181. 12.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ALAB shares. Needham & Company LLC increased their price objective on shares of Astera Labs from $100.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Astera Labs from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Roth Capital set a $100.00 price target on shares of Astera Labs and gave the company a "buy" rating in a research note on Wednesday, May 7th. Zacks Research upgraded shares of Astera Labs to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, Jefferies Financial Group raised their price target on shares of Astera Labs from $95.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Astera Labs has an average rating of "Moderate Buy" and an average target price of $129.13.

Astera Labs Company Profile

Astera Labs, Inc designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale.

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