Comerica Bank Sells 15,773 Shares of Astera Labs, Inc. $ALAB

Key Points

• Comerica Bank trimmed its stake in Astera Labs by 20.8%, selling 15,773 shares and finishing the quarter with 59,966 shares valued at about $9.98 million.
• Company insiders have been heavy sellers: CEO Jitendra Mohan sold 325,693 shares for roughly $56.06 million, and insiders disposed of 1,064,888 shares worth ~$150.76 million in the last 90 days, leaving insider ownership at 12.5%.
• Astera Labs reported strong results (revenue up 91.8% YoY with an EPS beat) and trades near analysts' consensus — market cap about $33.7 billion with an average price target of ~$199.74 and a "Moderate Buy" rating.

Comerica Bank trimmed its holdings in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,966 shares of the company's stock after selling 15,773 shares during the period. Comerica Bank's holdings in Astera Labs were worth $9,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in Astera Labs by 374.1% during the 3rd quarter. Assetmark Inc. now owns 128 shares of the company's stock worth $25,000 after acquiring an additional 101 shares in the last quarter. Hilltop National Bank lifted its position in shares of Astera Labs by 100.0% during the fourth quarter. Hilltop National Bank now owns 200 shares of the company's stock valued at $33,000 after buying an additional 100 shares during the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of Astera Labs during the fourth quarter valued at about $33,000. National Bank of Canada FI lifted its position in shares of Astera Labs by 159.0% during the third quarter. National Bank of Canada FI now owns 202 shares of the company's stock valued at $39,000 after buying an additional 124 shares during the last quarter. Finally, Wexford Capital LP purchased a new stake in shares of Astera Labs during the third quarter valued at about $39,000. 60.47% of the stock is currently owned by institutional investors.

Insider Activity at Astera Labs

In other Astera Labs news, CEO Jitendra Mohan sold 325,693 shares of the firm's stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $172.14, for a total transaction of $56,064,793.02. Following the completion of the transaction, the chief executive officer directly owned 4,079,322 shares of the company's stock, valued at approximately $702,214,489.08. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel Alba sold 183,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $107.61, for a total transaction of $19,692,630.00. Following the transaction, the director directly owned 319,863 shares of the company's stock, valued at $34,420,457.43. This represents a 36.39% 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. Insiders sold a total of 1,064,888 shares of company stock worth $150,764,723 in the last ninety days. 12.50% of the stock is owned by company insiders.

Astera Labs Stock Up 7.4%

Shares of Astera Labs stock opened at $196.85 on Thursday. The firm has a market capitalization of $33.72 billion, a P/E ratio of 161.35, a PEG ratio of 3.87 and a beta of 1.78. The company has a 50 day moving average price of $137.76 and a 200 day moving average price of $153.10. Astera Labs, Inc. has a 52 week low of $62.31 and a 52 week high of $262.90.

Astera Labs (NASDAQ:ALAB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.51 by $0.07. The firm had revenue of $270.58 million during the quarter, compared to analyst estimates of $249.46 million. Astera Labs had a net margin of 25.70% and a return on equity of 16.12%. Astera Labs's revenue was up 91.8% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. Astera Labs has set its Q1 2026 guidance at 0.530-0.540 EPS. As a group, research analysts anticipate that Astera Labs, Inc. will post 1.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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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