Astera Labs, Inc. $ALAB Stock Position Lifted by Corient Private Wealth LP

Key Points

• Institutional ownership increased: Corient Private Wealth LP raised its Astera Labs position by 69.9% in the second quarter to 21,689 shares valued at $10.5 million. Institutions and hedge funds collectively own 60.47% of ALAB.
• Analysts remain broadly positive: Astera Labs has a consensus “Moderate Buy” rating and an average price target of $348.33, with recent targets ranging from $335 to $450.
• Strong financial performance but insider selling: The company beat quarterly earnings and revenue estimates, with revenue up 104.5% year over year. However, insiders sold 592,244 shares worth approximately $209.7 million over the past quarter.

Corient Private Wealth LP grew its position in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 69.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,689 shares of the company's stock after acquiring an additional 8,922 shares during the quarter. Corient Private Wealth LP's holdings in Astera Labs were worth $10,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ALAB. Eurizon Capital SGR S.p.A. bought a new stake in Astera Labs in the fourth quarter valued at $18,708,000. Swedbank AB grew its position in shares of Astera Labs by 76.8% during the fourth quarter. Swedbank AB now owns 78,140 shares of the company's stock worth $12,999,000 after acquiring an additional 33,940 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Astera Labs during the fourth quarter worth about $499,000. Revere Asset Management Inc acquired a new stake in shares of Astera Labs in the 4th quarter worth about $589,000. Finally, Banque Cantonale Vaudoise increased its holdings in shares of Astera Labs by 85.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,990 shares of the company's stock worth $766,000 after acquiring an additional 3,229 shares during the period. 60.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALAB has been the subject of a number of analyst reports. Bank of America boosted their target price on shares of Astera Labs from $240.00 to $450.00 and gave the company a "neutral" rating in a research note on Tuesday, June 23rd. Northland Securities upgraded shares of Astera Labs from a "market perform" rating to an "outperform" rating and set a $350.00 price target on the stock in a research note on Monday, August 17th. Morgan Stanley lifted their price target on Astera Labs to $335.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. UBS Group reiterated a "neutral" rating and set a $425.00 price objective on shares of Astera Labs in a research report on Wednesday, August 5th. Finally, Roth Capital reissued a "buy" rating and issued a $450.00 price objective on shares of Astera Labs in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Astera Labs currently has a consensus rating of "Moderate Buy" and a consensus price target of $348.33.

Astera Labs Stock Up 6.6%

NASDAQ:ALAB opened at $269.18 on Thursday. The business's 50-day moving average price is $308.00 and its 200 day moving average price is $263.90. Astera Labs, Inc. has a 52-week low of $97.89 and a 52-week high of $499.48. The firm has a market cap of $46.70 billion, a P/E ratio of 133.26 and a beta of 3.77.

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

Insider Buying and Selling at Astera Labs

In related news, Director Stefan Dyckerhoff sold 3,505 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $274.96, for a total transaction of $963,734.80. Following the completion of the sale, the director directly owned 50,456 shares of the company's stock, valued at $13,873,381.76. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Gajendra sold 90,630 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $340.35, for a total transaction of $30,845,920.50. Following the sale, the chief operating officer owned 1,119,038 shares of the company's stock, valued at $380,864,583.30. The trade was a 7.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 592,244 shares of company stock valued at $209,729,973. Corporate insiders own 10.40% of the company's stock.

Astera Labs Profile

Astera Labs, Inc is a fabless semiconductor company that develops connectivity solutions for cloud and artificial intelligence infrastructure. Its products are designed to help data-center operators, system manufacturers and other customers connect, expand and manage the high-speed components used in servers, storage systems and networking platforms.

The company's portfolio includes PCI Express (PCIe) retimers and fabric switches, Compute Express Link (CXL) memory connectivity products, and Ethernet connectivity solutions.

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