Wealth Management Partners LLC Grows Stock Position in Astera Labs, Inc. $ALAB

Key Points

• Wealth Management Partners LLC increased its stake in Astera Labs by 120.1% in Q2, acquiring an additional 14,388 shares to bring its total holdings to 26,369 shares, valued at approximately $2.36 million.
• Astera Labs reported a 149.5% year-over-year increase in quarterly revenue, reaching $191.93 million, along with earnings per share of $0.44, surpassing estimates.
• Insider trading activity includes CEO Jitendra Mohan selling 91,441 shares for over $16.78 million, reflecting a 4.04% reduction in his ownership of the company.

Wealth Management Partners LLC raised its position in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 120.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,369 shares of the company's stock after acquiring an additional 14,388 shares during the period. Astera Labs makes up approximately 0.8% of Wealth Management Partners LLC's holdings, making the stock its 28th biggest holding. Wealth Management Partners LLC's holdings in Astera Labs were worth $2,363,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ALAB. Cetera Investment Advisers purchased a new stake in shares of Astera Labs during the 4th quarter worth approximately $460,000. Deutsche Bank AG increased its position in shares of Astera Labs by 33.0% during the 4th 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Astera Labs during the 4th quarter valued at approximately $1,543,000. Quantinno Capital Management LP bought a new position in shares of Astera Labs during the 4th quarter valued at approximately $548,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Astera Labs by 2,824.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 154,524 shares of the company's stock valued at $20,467,000 after purchasing an additional 149,240 shares during the last quarter. 60.47% of the stock is owned by hedge funds and other institutional investors.

Astera Labs Trading Down 4.0%

Shares of ALAB traded down $9.38 during midday trading on Tuesday, reaching $227.92. 4,789,455 shares of the stock were exchanged, compared to its average volume of 5,070,915. Astera Labs, Inc. has a 52 week low of $47.13 and a 52 week high of $262.90. The company's 50 day moving average is $172.89 and its two-hundred day moving average is $111.31. The company has a market capitalization of $37.88 billion, a P/E ratio of 406.03, a PEG ratio of 6.22 and a beta of 1.46.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALAB. Citigroup boosted their target price on Astera Labs from $160.00 to $275.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. CICC Research initiated coverage on Astera Labs in a research report on Friday, August 29th. They set an "outperform" rating and a $190.00 target price on the stock. Zacks Research raised Astera Labs to a "strong-buy" rating in a research report on Tuesday, August 12th. Barclays reaffirmed an "overweight" rating and issued a $155.00 price objective (up previously from $75.00) on shares of Astera Labs in a research report on Thursday, August 7th. Finally, Evercore ISI upped their price objective on Astera Labs from $104.00 to $215.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Astera Labs presently has a consensus rating of "Moderate Buy" and an average price target of $152.94.

Insider Activity

In related news, General Counsel Philip Mazzara sold 10,000 shares of the company's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $188.70, for a total transaction of $1,887,000.00. Following the completion of the sale, the general counsel directly owned 161,573 shares in the company, valued at $30,488,825.10. This represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Sanjay Gajendra sold 91,441 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $183.51, for a total value of $16,780,337.91. Following the sale, the chief operating officer owned 2,170,877 shares of the company's stock, 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. Insiders sold a total of 1,576,027 shares of company stock worth $239,177,011 over the last ninety days. 12.50% of the stock is currently owned by corporate 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.