Sax Wealth Advisors LLC Makes New $1.52 Million Investment in Astera Labs, Inc. $ALAB

Key Points

• Sax Wealth Advisors acquired 4,285 Astera Labs shares worth approximately $1.52 million in the third quarter. Institutional investors collectively own 60.47% of the company.
• Astera Labs reported quarterly earnings of $0.80 per share, exceeding estimates of $0.69, while revenue rose 104.5% year over year to $392.4 million.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $348.33, although insiders sold 408,558 shares valued at roughly $127.3 million over the past 90 days.

Sax Wealth Advisors LLC acquired a new position in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,285 shares of the company's stock, valued at approximately $1,525,000.

Other large investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise boosted its holdings in shares of Astera Labs by 85.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,990 shares of the company's stock worth $766,000 after purchasing an additional 3,229 shares during the period. Amazon Com Inc. bought a new position in shares of Astera Labs during the 2nd quarter valued at approximately $134,172,000. Edgestream Partners L.P. bought a new position in Astera Labs during the first quarter valued at $1,891,000. Lido Advisors LLC raised its position in Astera Labs by 123.4% in the 1st quarter. Lido Advisors LLC now owns 27,477 shares of the company's stock worth $3,012,000 after purchasing an additional 15,180 shares during the period. Finally, Strs Ohio raised its holdings in shares of Astera Labs by 996.3% in the first quarter. Strs Ohio now owns 33,086 shares of the company's stock worth $3,626,000 after buying an additional 30,068 shares during the period. 60.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Sanjay Gajendra sold 90,630 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $340.35, for a total value of $30,845,920.50. Following the transaction, the chief operating officer directly owned 1,119,038 shares of the company's stock, valued at approximately $380,864,583.30. This represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Manuel Alba sold 183,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $280.13, for a total transaction of $51,263,790.00. Following the completion of the transaction, the director owned 253,863 shares in the company, valued at approximately $71,114,642.19. This trade represents a 41.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 408,558 shares of company stock valued at $127,306,034. 10.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Susquehanna upped their target price on shares of Astera Labs from $230.00 to $275.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Jefferies Financial Group raised their price objective on Astera Labs from $270.00 to $450.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Bank of America lifted their target price on Astera Labs from $240.00 to $450.00 and gave the company a "neutral" rating in a research note on Tuesday, June 23rd. Royal Bank Of Canada boosted their target price on shares of Astera Labs from $425.00 to $500.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Finally, Roth Capital reiterated a "buy" rating and issued a $450.00 target price on shares of Astera Labs in a report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $348.33.

Astera Labs Stock Up 0.4%

Shares of ALAB opened at $325.41 on Wednesday. The company has a 50 day moving average of $316.78 and a two-hundred day moving average of $294.44. Astera Labs, Inc. has a twelve month low of $97.89 and a twelve month high of $499.48. The company has a market cap of $56.46 billion, a price-to-earnings ratio of 161.09 and a beta of 3.68.

Astera Labs (NASDAQ:ALAB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.11. Astera Labs had a return on equity of 19.24% and a net margin of 30.74%. The business had revenue of $392.40 million for the quarter, compared to the consensus estimate of $360.85 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The business's quarterly 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, sell-side analysts expect that Astera Labs, Inc. will post 2.70 EPS for the current year.

Astera Labs Company Profile

Astera Labs, Inc is a fabless semiconductor company that develops connectivity solutions for cloud and artificial intelligence infrastructure. Its products are designed to help data centers connect and manage processors, memory, storage, and networking components in high-performance computing systems.

The company's portfolio includes Aries PCI Express and Compute Express Link (CXL) smart memory controllers, Scorpio PCIe switches, Taurus Ethernet fabric switches, and Leo CXL memory connectivity products.

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