Astera Labs, Inc. $ALAB Shares Sold by FengHe Fund Management Pte. Ltd.

Key Points

• Hedge fund FengHe Fund Management cut its stake in Astera Labs by 62.7% in Q4, selling 203,020 shares and leaving it with 120,980 shares (about $20.13M, or 0.07% of the company), making ALAB its 24th largest holding.
• Company insiders have been active sellers, disposing of 1,064,888 shares valued at roughly $150.8M over the past 90 days — including director and general counsel sales executed under Rule 10b5-1 plans — though insiders still own 12.5% of the stock.
• Astera Labs beat Q4 expectations with EPS of $0.58 (vs. $0.51 est.) and revenue of $270.6M (up 91.8% YoY); the stock trades near $196.64, has a market cap of $33.68B, and carries a consensus “Moderate Buy” rating with a ~$199.74 target.

FengHe Fund Management Pte. Ltd. lessened its holdings in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 62.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,980 shares of the company's stock after selling 203,020 shares during the quarter. Astera Labs makes up about 1.1% of FengHe Fund Management Pte. Ltd.'s investment portfolio, making the stock its 24th largest holding. FengHe Fund Management Pte. Ltd. owned about 0.07% of Astera Labs worth $20,126,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings 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 purchasing an additional 101 shares during the period. Wexford Capital LP acquired a new position in Astera Labs in the third quarter worth $39,000. Hilltop National Bank boosted its holdings 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 purchasing an additional 100 shares during the period. Aventura Private Wealth LLC acquired a new position in Astera Labs in the fourth quarter worth $33,000. Finally, National Bank of Canada FI boosted its holdings in Astera Labs by 159.0% in the third quarter. National Bank of Canada FI now owns 202 shares of the company's stock worth $39,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 60.47% of the company's stock.

Insider Activity at Astera Labs

In related news, Director Stefan A. Dyckerhoff sold 3,757 shares of Astera Labs stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $175.12, for a total transaction of $657,925.84. Following the sale, the director directly owned 67,144 shares in the company, valued at $11,758,257.28. The trade was a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Philip Mazzara sold 10,000 shares of Astera Labs stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $107.77, for a total transaction of $1,077,700.00. Following the sale, the general counsel owned 118,084 shares in the company, valued at approximately $12,725,912.68. This represents a 7.81% 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 1,064,888 shares of company stock valued at $150,764,723 in the last ninety days. Company insiders own 12.50% of the company's stock.

Astera Labs Stock Down 7.6%

Shares of NASDAQ ALAB opened at $196.64 on Tuesday. Astera Labs, Inc. has a fifty-two week low of $62.31 and a fifty-two week high of $262.90. The firm's 50-day simple moving average is $135.22 and its 200 day simple moving average is $152.95. The stock has a market cap of $33.68 billion, a P/E ratio of 161.18, a P/E/G ratio of 4.19 and a beta of 1.78.

Astera Labs (NASDAQ:ALAB - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, beating 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 business had revenue of $270.58 million for the quarter, compared to analysts' expectations of $249.46 million. During the same period in the previous year, the business earned $0.37 earnings per share. The company's revenue was up 91.8% on a year-over-year basis. Astera Labs has set its Q1 2026 guidance at 0.530-0.540 EPS. On average, sell-side analysts anticipate that Astera Labs, Inc. will post 1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ALAB shares. Loop Capital started coverage on shares of Astera Labs in a report on Thursday, March 5th. They issued a "buy" rating and a $250.00 price objective for the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $250.00 target price on shares of Astera Labs in a research note on Tuesday, April 21st. UBS Group initiated coverage on Astera Labs in a research note on Tuesday, April 21st. They issued a "neutral" rating and a $180.00 target price on the stock. Barclays set a $165.00 target price on Astera Labs in a research note on Thursday, January 15th. Finally, Citigroup initiated coverage on Astera Labs in a research note on Thursday, April 2nd. They issued a "buy" rating and a $200.00 target price on the stock. Fifteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $199.74.

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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