Diversify Advisory Services LLC Invests $2.12 Million in Astera Labs, Inc. $ALAB

Diversify Advisory Services LLC bought a new position in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,518 shares of the company's stock, valued at approximately $2,124,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALAB. Glenmede Trust Co. NA raised its stake 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 worth $209,000 after purchasing an additional 51 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Astera Labs by 0.5% during the fourth quarter. Lido Advisors LLC now owns 12,297 shares of the company's stock worth $2,046,000 after purchasing an additional 57 shares during the period. Goldstein Advisors LLC grew its position in Astera Labs by 5.8% in the 4th quarter. Goldstein Advisors LLC now owns 1,611 shares of the company's stock valued at $268,000 after buying an additional 88 shares during the last quarter. Bell Investment Advisors Inc purchased a new position in Astera Labs in the 2nd quarter valued at $43,000. Finally, Great Valley Advisor Group Inc. increased its stake 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 buying an additional 90 shares during the period. Hedge funds and other institutional investors own 60.47% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Northland Securities upgraded shares of Astera Labs from a "market perform" rating to an "outperform" rating and set a $350.00 target price for the company in a research note on Monday. Needham & Company LLC boosted their price target on shares of Astera Labs from $260.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Astera Labs from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, May 21st. Royal Bank Of Canada raised their price objective on shares of Astera Labs from $425.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, Bank of America lifted their price objective on Astera Labs from $240.00 to $450.00 and gave the company a "neutral" rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $333.00.

Insider Activity at Astera Labs

In other news, Director Jack R. Lazar sold 10,000 shares of Astera Labs stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $355.17, for a total value of $3,551,700.00. Following the transaction, the director directly owned 75,688 shares of the company's stock, valued at $26,882,106.96. The trade was a 11.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stefan A. Dyckerhoff sold 8,994 shares of Astera Labs stock in a transaction on Wednesday, June 3rd. The shares were 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 in the company, valued at $1,928,140.20. The trade was a 62.96% decrease in their position. 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 have sold 631,979 shares of company stock worth $215,479,247 in the last 90 days. Company insiders own 10.40% of the company's stock.

Astera Labs Stock Performance

ALAB stock opened at $303.44 on Wednesday. The stock's 50 day moving average price is $356.72 and its 200 day moving average price is $242.75. The firm has a market cap of $52.64 billion, a P/E ratio of 150.22 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.

Astera Labs (NASDAQ:ALAB - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $392.40 million during the quarter, compared to analyst estimates of $360.85 million. During the same quarter in the previous year, the business 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 earnings per share 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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