Scientech Research LLC Buys 6,586 Shares of Astera Labs, Inc. $ALAB

Key Points

• Scientech Research LLC increased its holdings in Astera Labs, Inc. by 61.6%, bringing its total investment to approximately $1.03 million as of the end of the first quarter.
• Astera Labs reported $0.44 earnings per share (EPS) for the last quarter, exceeding expectations of $0.33, with a revenue increase of 149.5% year-over-year.
• Insiders, including the COO and CEO, sold shares worth nearly $33.5 million in August, reducing their ownership by approximately 4.04%.

Scientech Research LLC lifted its position in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 61.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,277 shares of the company's stock after acquiring an additional 6,586 shares during the period. Scientech Research LLC's holdings in Astera Labs were worth $1,031,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ALAB. Dimensional Fund Advisors LP raised its holdings in shares of Astera Labs by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 18,250 shares of the company's stock valued at $2,417,000 after purchasing an additional 768 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Astera Labs by 257.7% in the fourth quarter. Northern Trust Corp now owns 296,120 shares of the company's stock valued at $39,221,000 after purchasing an additional 213,343 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Astera Labs in the fourth quarter valued at approximately $460,000. Cresset Asset Management LLC acquired a new stake in shares of Astera Labs in the fourth quarter valued at approximately $216,000. Finally, Deutsche Bank AG raised its holdings in shares of Astera Labs by 33.0% in the fourth quarter. Deutsche Bank AG now owns 7,695 shares of the company's stock valued at $1,019,000 after purchasing an additional 1,909 shares during the last quarter. 60.47% of the stock is currently owned by institutional investors and hedge funds.

Astera Labs Stock Up 1.6%

Shares of Astera Labs stock traded up $3.61 during trading on Thursday, reaching $233.98. The company's stock had a trading volume of 2,215,077 shares, compared to its average volume of 4,965,643. The business's 50-day moving average price is $149.50 and its 200-day moving average price is $101.61. The firm has a market cap of $38.89 billion, a PE ratio of 417.71, a P/E/G ratio of 5.44 and a beta of 1.48. Astera Labs, Inc. has a 52 week low of $40.78 and a 52 week high of $237.82.

Astera Labs (NASDAQ:ALAB - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.11. The company had revenue of $191.93 million during the quarter, compared to analysts' expectations of $172.46 million. Astera Labs had a net margin of 16.54% and a return on equity of 9.53%. Astera Labs's quarterly revenue was up 149.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 earnings per share. Astera Labs has set its Q3 2025 guidance at 0.380-0.390 EPS. Equities analysts predict that Astera Labs, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Astera Labs

In related news, Director Manuel Alba sold 183,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director owned 385,863 shares of the company's stock, valued at $66,858,482.01. This represents a 32.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jack R. Lazar sold 22,500 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $178.42, for a total transaction of $4,014,450.00. Following the sale, the director directly owned 97,351 shares of the company's stock, valued at $17,369,365.42. This represents a 18.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,832,489 shares of company stock valued at $264,172,396 over the last three months. 12.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ALAB shares. Susquehanna boosted 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. Northland Capmk downgraded shares of Astera Labs from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Morgan Stanley boosted their target price on shares of Astera Labs from $155.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Wall Street Zen raised shares of Astera Labs from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, CICC Research started coverage on shares of Astera Labs in a research report on Friday, August 29th. They set an "outperform" rating and a $190.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Astera Labs presently has a consensus rating of "Moderate Buy" and an average target price of $142.00.

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.