BlackRock Inc. Makes New Investment in Astera Labs, Inc. $ALAB

Key Points

• BlackRock acquired 13.7 million Astera Labs shares worth approximately $6.61 billion, giving it a 7.98% stake. Institutional investors and hedge funds collectively own 60.47% of the company.
• Analysts remain broadly positive, with Astera Labs receiving a “Moderate Buy” consensus rating and an average price target of $333.00; recent targets range from $275 to $450.
• Astera Labs exceeded quarterly expectations, reporting $0.80 in EPS and $392.4 million in revenue, up 104.5% year over year. However, insiders sold 631,979 shares worth roughly $215.5 million over the past 90 days, while the stock opened at $320.17.

BlackRock Inc. purchased a new position in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,683,865 shares of the company's stock, valued at approximately $6,609,581,000. BlackRock Inc. owned about 7.98% of Astera Labs as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Glenmede Trust Co. NA raised its position in shares of Astera Labs by 2.7% during the first quarter. Glenmede Trust Co. NA now owns 1,909 shares of the company's stock valued at $209,000 after buying an additional 51 shares during the last quarter. Lido Advisors LLC increased its stake in Astera Labs by 0.5% during the fourth quarter. Lido Advisors LLC now owns 12,297 shares of the company's stock valued at $2,046,000 after acquiring an additional 57 shares during the period. Goldstein Advisors LLC increased its stake in Astera Labs by 5.8% during the fourth quarter. Goldstein Advisors LLC now owns 1,611 shares of the company's stock valued at $268,000 after acquiring an additional 88 shares during the period. Bell Investment Advisors Inc acquired a new position in Astera Labs in the 2nd quarter valued at approximately $43,000. Finally, Great Valley Advisor Group Inc. raised its holdings in Astera Labs by 2.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 4,119 shares of the company's stock valued at $372,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 60.47% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ALAB shares. Susquehanna boosted their price objective on Astera Labs from $230.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Roth Capital reaffirmed a "buy" rating and issued a $450.00 target price on shares of Astera Labs in a research report on Wednesday, August 5th. 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. Zacks Research raised shares of Astera Labs from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Finally, Rothschild & Co Redburn initiated coverage on shares of Astera Labs in a research note on Friday, May 1st. They issued a "neutral" rating and a $153.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $333.00.

Insider Activity at Astera Labs

In other Astera Labs news, Director Stefan A. Dyckerhoff sold 8,994 shares of the company's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $364.35, for a total transaction of $3,276,963.90. Following the transaction, the director owned 5,292 shares of the company's stock, valued at approximately $1,928,140.20. This represents a 62.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel Alba sold 136,974 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $442.01, for a total value of $60,543,877.74. Following the completion of the transaction, the director owned 1,287,524 shares in the company, valued at $569,098,483.24. The trade was a 9.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 631,979 shares of company stock worth $215,479,247. Company insiders own 10.40% of the company's stock.

Astera Labs Trading Down 0.4%

ALAB opened at $320.17 on Tuesday. The stock has a market capitalization of $55.55 billion, a PE ratio of 158.50 and a beta of 3.84. Astera Labs, Inc. has a 1-year low of $97.89 and a 1-year high of $499.48. The firm has a 50-day moving average price of $357.48 and a two-hundred day moving average price of $241.79.

Astera Labs (NASDAQ:ALAB - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.80 earnings per share for the quarter, topping 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 previous year, the firm posted $0.44 earnings per share. The company'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. On average, research analysts predict that Astera Labs, Inc. will post 2.7 EPS for the current year.

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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