Clay Northam Wealth Management LLC Takes Position in Astera Labs, Inc. $ALAB

Key Points

• Clay Northam Wealth Management LLC acquired 2,595 shares of Astera Labs, valued at approximately $235,000, during the second quarter of the year.
• Insider activity saw Director Jack R. Lazar selling 22,500 shares worth about $4 million, alongside COO Sanjay Gajendra's sale of 91,441 shares for approximately $16.8 million.
• Astera Labs reported a significant revenue increase of 149.5% year-over-year, with earnings per share of $0.44 surpassing analyst expectations.

Clay Northam Wealth Management LLC bought a new stake in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,595 shares of the company's stock, valued at approximately $235,000.

A number of other hedge funds have also recently modified their holdings of the business. Signaturefd LLC grew its stake in shares of Astera Labs by 112.5% during the second quarter. Signaturefd LLC now owns 850 shares of the company's stock valued at $77,000 after buying an additional 450 shares during the last quarter. Beaumont Financial Advisors LLC bought a new position in shares of Astera Labs during the second quarter valued at approximately $304,000. Wealth Effects LLC bought a new position in shares of Astera Labs during the second quarter valued at approximately $242,000. StoneCrest Wealth Management Inc. grew its stake in shares of Astera Labs by 30.5% during the second quarter. StoneCrest Wealth Management Inc. now owns 6,980 shares of the company's stock valued at $631,000 after buying an additional 1,632 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Astera Labs by 30.9% during the second quarter. Public Employees Retirement System of Ohio now owns 44,459 shares of the company's stock valued at $4,020,000 after buying an additional 10,492 shares during the last quarter. Institutional investors own 60.47% of the company's stock.

Insider Activity at Astera Labs

In other Astera Labs news, Director Jack R. Lazar sold 22,500 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $178.42, for a total transaction of $4,014,450.00. Following the completion of the sale, the director owned 97,351 shares in the company, valued at $17,369,365.42. This represents a 18.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Sanjay Gajendra sold 91,441 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $183.51, for a total value of $16,780,337.91. Following the sale, the chief operating officer owned 2,170,877 shares of the company's stock, valued at approximately $398,377,638.27. This represents a 4.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,576,027 shares of company stock valued at $239,177,011 over the last 90 days. Insiders own 12.50% of the company's stock.

Astera Labs Stock Down 1.4%

Astera Labs stock opened at $197.78 on Friday. The business has a fifty day moving average of $181.88 and a two-hundred day moving average of $114.97. The firm has a market cap of $32.87 billion, a P/E ratio of 353.18, a P/E/G ratio of 5.02 and a beta of 1.48. Astera Labs, Inc. has a twelve month low of $47.13 and a twelve month high of $262.90.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Evercore ISI upped their target price on Astera Labs from $104.00 to $215.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Needham & Company LLC increased their price objective on Astera Labs from $100.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Zacks Research raised Astera Labs to a "strong-buy" rating in a research note on Tuesday, August 12th. Stifel Nicolaus set a $145.00 price objective on Astera Labs and gave the stock a "buy" rating in a research note on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Astera Labs from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $152.94.

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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