Charles Schwab Investment Management Inc. Acquires 5,828 Shares of Astera Labs, Inc. $ALAB

Key Points

• Charles Schwab Investment Management increased its holdings in Astera Labs by 4.4% in the first quarter, acquiring an additional 5,828 shares, bringing its total to 138,300 shares worth approximately $8.25 million.
• Astera Labs has received multiple analyst upgrades, with Zacks Research rating it as a "strong-buy" and Morgan Stanley raising its target price from $125 to $155.
• Insider trading was notable, with CEO Jitendra Mohan selling 152,517 shares for about $25.98 million, a significant decrease in his ownership percentage.

Charles Schwab Investment Management Inc. grew its holdings in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 4.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,300 shares of the company's stock after acquiring an additional 5,828 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.08% of Astera Labs worth $8,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Astera Labs by 2,824.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 154,524 shares of the company's stock valued at $20,467,000 after acquiring an additional 149,240 shares during the period. Pacific Point Advisors LLC boosted its position in shares of Astera Labs by 75.0% in the first quarter. Pacific Point Advisors LLC now owns 7,000 shares of the company's stock valued at $418,000 after acquiring an additional 3,000 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Astera Labs by 73.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 15,995 shares of the company's stock valued at $954,000 after acquiring an additional 6,783 shares during the period. Taylor Frigon Capital Management LLC bought a new stake in shares of Astera Labs in the first quarter valued at approximately $1,887,000. Finally, Cetera Investment Advisers bought a new stake in shares of Astera Labs in the fourth quarter valued at approximately $460,000. 60.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ALAB shares. Zacks Research raised Astera Labs to a "strong-buy" rating in a research report on Tuesday, August 12th. Northland Capmk cut Astera Labs from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Stifel Nicolaus set a $145.00 target price on Astera Labs and gave the stock a "buy" rating in a research report on Monday, August 4th. Morgan Stanley raised their target price on Astera Labs from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group raised their target price on Astera Labs from $95.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $129.13.

Insider Buying and Selling at Astera Labs

In other Astera Labs news, CEO Jitendra Mohan sold 152,517 shares of Astera Labs stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 450,001 shares of the company's stock, valued at approximately $76,648,670.33. This trade represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Truett Tate sold 500,000 shares of Astera Labs stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.23, for a total value of $45,115,000.00. Following the transaction, the chief financial officer directly owned 618,996 shares of the company's stock, valued at approximately $55,852,009.08. The trade was a 44.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,220,416 shares of company stock valued at $281,852,731. 12.50% of the stock is currently owned by company insiders.

Astera Labs Price Performance

Shares of ALAB stock opened at $174.15 on Tuesday. The stock has a market cap of $28.95 billion, a P/E ratio of 310.98, a price-to-earnings-growth ratio of 4.54 and a beta of 1.39. Astera Labs, Inc. has a one year low of $36.85 and a one year high of $199.47. The stock has a fifty day moving average price of $125.55 and a 200 day moving average price of $93.25.

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

Astera Labs 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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