Astera Labs, Inc. $ALAB Shares Bought by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management boosted its stake in Astera Labs by 301.3% in Q4 to 74,969 shares, valued at about $12.47 million.
• Insiders have been net sellers: 1,064,888 shares were sold in the last 90 days worth $150.76 million, including COO Sanjay Gajendra's sale of 94,971 shares and CFO Michael Truett Tate's sale of 12,001 shares, though insiders still own 12.5%.
• Strong quarter but high valuation: Astera Labs beat estimates with Q EPS $0.58 and revenue $270.6M (up 91.8% YoY), while the stock trades near $203 with a $34.7B market cap and a consensus "Moderate Buy" price target of $199.20.

Pictet Asset Management Holding SA grew its holdings in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 301.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,969 shares of the company's stock after acquiring an additional 56,289 shares during the period. Pictet Asset Management Holding SA's holdings in Astera Labs were worth $12,472,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Assetmark Inc. boosted its stake in Astera Labs by 374.1% during the 3rd quarter. Assetmark Inc. now owns 128 shares of the company's stock valued at $25,000 after acquiring an additional 101 shares during the last quarter. Hilltop National Bank boosted its stake in Astera Labs by 100.0% during the 4th quarter. Hilltop National Bank now owns 200 shares of the company's stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Aventura Private Wealth LLC bought a new position in Astera Labs during the 4th quarter valued at $33,000. National Bank of Canada FI boosted its stake in Astera Labs by 159.0% during the 3rd quarter. National Bank of Canada FI now owns 202 shares of the company's stock valued at $39,000 after acquiring an additional 124 shares during the last quarter. Finally, Wexford Capital LP bought a new position in Astera Labs during the 3rd quarter valued at $39,000. 60.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Sanjay Gajendra sold 94,971 shares of the firm's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $123.81, for a total value of $11,758,359.51. Following the transaction, the chief operating officer directly owned 1,531,301 shares in the company, valued at approximately $189,590,376.81. This trade represents a 5.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Truett Tate sold 12,001 shares of the business's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $123.81, for a total transaction of $1,485,843.81. Following the transaction, the chief financial officer directly owned 192,083 shares of the company's stock, valued at approximately $23,781,796.23. This trade represents a 5.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,064,888 shares of company stock worth $150,764,723. Company insiders own 12.50% of the company's stock.

Astera Labs Stock Performance

Astera Labs stock opened at $202.68 on Friday. The firm's 50-day moving average is $139.00 and its 200-day moving average is $153.38. Astera Labs, Inc. has a 1 year low of $63.40 and a 1 year high of $262.90. The company has a market cap of $34.72 billion, a P/E ratio of 166.13, a PEG ratio of 3.83 and a beta of 1.78.

Astera Labs (NASDAQ:ALAB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. Astera Labs had a net margin of 25.70% and a return on equity of 16.12%. The company had revenue of $270.58 million for the quarter, compared to the consensus estimate of $249.46 million. During the same period last year, the firm posted $0.37 EPS. The company's revenue for the quarter was up 91.8% on a year-over-year basis. Astera Labs has set its Q1 2026 guidance at 0.530-0.540 EPS. As a group, sell-side analysts predict that Astera Labs, Inc. will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barclays set a $165.00 price objective on shares of Astera Labs in a research note on Thursday, January 15th. Weiss Ratings downgraded shares of Astera Labs from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, February 23rd. Stifel Nicolaus set a $236.00 price objective on shares of Astera Labs in a research note on Friday. Loop Capital assumed coverage on shares of Astera Labs in a research note on Thursday, March 5th. They set a "buy" rating and a $250.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $250.00 price objective on shares of Astera Labs in a research note on Tuesday, April 21st. Fifteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $199.20.

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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