IFP Advisors Inc Has $378,000 Position in Astera Labs, Inc. $ALAB

Key Points

• IFP Advisors Inc has increased its stake in Astera Labs, Inc. by 61.5%, owning 4,135 shares valued at $378,000 as of the end of the second quarter.
• Astera Labs reported a 149.5% year-over-year revenue increase, with a quarterly revenue of $191.93 million and an earnings per share (EPS) of $0.44, surpassing analysts’ expectations.
• Analysts have given Astera Labs an average rating of "Moderate Buy" with a consensus target price of $159.83, while several institutions continue to add to their stakes in the company.

IFP Advisors Inc boosted its position in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 61.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,135 shares of the company's stock after purchasing an additional 1,575 shares during the period. IFP Advisors Inc's holdings in Astera Labs were worth $378,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Astera Labs by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 9,297,476 shares of the company's stock valued at $554,780,000 after purchasing an additional 85,846 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Astera Labs by 114.2% during the 1st quarter. Alliancebernstein L.P. now owns 8,401,019 shares of the company's stock valued at $501,289,000 after purchasing an additional 4,478,741 shares during the last quarter. Atreides Management LP lifted its holdings in Astera Labs by 153.3% during the 1st quarter. Atreides Management LP now owns 4,652,264 shares of the company's stock valued at $277,601,000 after purchasing an additional 2,815,614 shares during the last quarter. Fred Alger Management LLC lifted its holdings in Astera Labs by 13.0% during the 1st quarter. Fred Alger Management LLC now owns 1,560,033 shares of the company's stock valued at $93,087,000 after purchasing an additional 179,638 shares during the last quarter. Finally, FengHe Fund Management Pte. Ltd. bought a new position in Astera Labs during the 2nd quarter valued at about $106,772,000. 60.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ALAB shares. Stifel Nicolaus set a $145.00 price target on shares of Astera Labs and gave the company a "buy" rating in a report on Monday, August 4th. TD Cowen initiated coverage on shares of Astera Labs in a report on Wednesday, October 1st. They set a "hold" rating and a $200.00 price target for the company. Cowen initiated coverage on shares of Astera Labs in a research note on Tuesday, September 30th. They issued a "hold" rating for the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Astera Labs in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Astera Labs from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $159.83.

Astera Labs Price Performance

Shares of NASDAQ:ALAB opened at $161.46 on Thursday. Astera Labs, Inc. has a one year low of $47.13 and a one year high of $262.90. The company has a 50 day moving average of $200.21 and a 200-day moving average of $126.46. The stock has a market cap of $26.84 billion, a price-to-earnings ratio of 288.32, a P/E/G ratio of 4.03 and a beta of 1.43.

Astera Labs (NASDAQ:ALAB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.33 by $0.11. Astera Labs had a net margin of 16.54% and a return on equity of 9.53%. The company had revenue of $191.93 million during the quarter, compared to analysts' expectations of $172.46 million. During the same quarter in the previous year, the company earned $0.13 EPS. Astera Labs's revenue was up 149.5% on a year-over-year basis. 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 earnings per share for the current year.

Insider Activity

In related news, CEO Jitendra Mohan sold 152,517 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were 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 owned 450,001 shares in the company, valued at approximately $76,648,670.33. The trade was a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Manuel Alba sold 183,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $173.27, for a total transaction of $31,708,410.00. Following the transaction, the director owned 385,863 shares of the company's stock, valued at approximately $66,858,482.01. This represents a 32.17% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,228,269 shares of company stock valued at $206,885,610. 12.50% of the stock is currently owned by company insiders.

Astera Labs Company 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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