Maryland State Retirement & Pension System Acquires 1,906 Shares of Astera Labs, Inc. $ALAB

Key Points

• The Maryland State Retirement & Pension System increased its stake in Astera Labs, Inc. by 37.7% during the 2nd quarter, acquiring an additional 1,906 shares, bringing their total holdings to 6,960 shares valued at approximately $629,000.
• Astera Labs has received positive analyst ratings recently, with target price increases from firms such as Susquehanna and Needham, with current average price targets around $159.83.
• Recent insider trading included significant sales by Director Manuel Alba and COO Sanjay Gajendra, with Alba selling 183,000 shares and Gajendra selling 91,441 shares, resulting in notable decreases in their respective holdings.

Maryland State Retirement & Pension System lifted its position in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 37.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,960 shares of the company's stock after purchasing an additional 1,906 shares during the quarter. Maryland State Retirement & Pension System's holdings in Astera Labs were worth $629,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ALAB. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Astera Labs in the 2nd quarter worth about $29,000. Sound Income Strategies LLC grew its holdings in shares of Astera Labs by 34.7% in the 1st quarter. Sound Income Strategies LLC now owns 792 shares of the company's stock worth $47,000 after purchasing an additional 204 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Astera Labs by 55.7% in the 1st quarter. GAMMA Investing LLC now owns 794 shares of the company's stock worth $47,000 after purchasing an additional 284 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Astera Labs by 351.7% in the 1st quarter. Harbour Investments Inc. now owns 795 shares of the company's stock worth $47,000 after purchasing an additional 619 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Astera Labs in the 1st quarter worth about $48,000. Institutional investors own 60.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Susquehanna upped their target price on shares of Astera Labs from $80.00 to $125.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. CICC Research assumed coverage on shares of Astera Labs in a research report on Friday, August 29th. They set an "outperform" rating and a $190.00 price target on the stock. Needham & Company LLC upped their price target on shares of Astera Labs from $100.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Barclays reiterated an "overweight" rating and set a $155.00 price target (up previously from $75.00) on shares of Astera Labs in a research report on Thursday, August 7th. Finally, Zacks Research downgraded shares of Astera Labs from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $159.83.

Insider Activity

In other Astera Labs news, Director Manuel Alba sold 183,000 shares of the firm'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 sale, the director directly owned 385,863 shares in the company, valued at approximately $66,858,482.01. This trade represents a 32.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Sanjay Gajendra sold 91,441 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $183.51, for a total transaction of $16,780,337.91. Following the sale, the chief operating officer owned 2,170,877 shares in the company, valued at $398,377,638.27. This trade represents a 4.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,308,772 shares of company stock worth $214,482,678. Corporate insiders own 12.50% of the company's stock.

Astera Labs Price Performance

Shares of NASDAQ:ALAB opened at $199.53 on Tuesday. The company has a market capitalization of $33.17 billion, a price-to-earnings ratio of 356.30, a P/E/G ratio of 5.14 and a beta of 1.43. The firm's 50 day simple moving average is $199.95 and its 200 day simple moving average is $125.97. Astera Labs, Inc. has a fifty-two week low of $47.13 and a fifty-two week high of $262.90.

Astera Labs (NASDAQ:ALAB - Get Free Report) last announced its 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. The firm had revenue of $191.93 million for the quarter, compared to the consensus estimate of $172.46 million. Astera Labs had a net margin of 16.54% and a return on equity of 9.53%. The business's quarterly revenue was up 149.5% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. Astera Labs has set its Q3 2025 guidance at 0.380-0.390 EPS. Equities research analysts expect that Astera Labs, Inc. will post 0.34 earnings per share for the current year.

About Astera Labs

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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