Wellington Management Group LLP Acquires 149,951 Shares of Astera Labs, Inc. $ALAB

Key Points

• Wellington Management increased its Astera Labs stake by 151.5% in the second quarter, adding 149,951 shares for a total of 248,914 shares valued at approximately $120.2 million. Institutional investors and hedge funds collectively own 60.47% of ALAB.
• Wall Street remains broadly positive, with analysts assigning an average “Moderate Buy” rating and a consensus price target of $348.33. Jefferies and RBC recently raised their targets to $450 and $500, respectively.
• Astera Labs reported strong quarterly results, with EPS of $0.80 beating estimates and revenue rising 104.5% year over year to $392.4 million. However, the stock opened at $279.91 after falling 5.7%, while insiders sold shares primarily to cover tax obligations related to vested equity awards.

Wellington Management Group LLP lifted its holdings in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 151.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 248,914 shares of the company's stock after acquiring an additional 149,951 shares during the period. Wellington Management Group LLP owned approximately 0.14% of Astera Labs worth $120,230,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ALAB. Eurizon Capital SGR S.p.A. bought a new stake in Astera Labs during the fourth quarter worth about $18,708,000. Swedbank AB boosted its holdings in shares of Astera Labs by 76.8% in the 4th quarter. Swedbank AB now owns 78,140 shares of the company's stock worth $12,999,000 after acquiring an additional 33,940 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Astera Labs during the 4th quarter valued at $499,000. Revere Asset Management Inc acquired a new stake in Astera Labs during the 4th quarter valued at $589,000. Finally, Banque Cantonale Vaudoise raised its position in Astera Labs by 85.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,990 shares of the company's stock valued at $766,000 after purchasing an additional 3,229 shares during the last quarter. 60.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALAB has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price objective on shares of Astera Labs from $270.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Royal Bank Of Canada increased their price target on shares of Astera Labs from $425.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Citigroup restated a "buy" rating on shares of Astera Labs in a research report on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Astera Labs in a research report on Tuesday, August 18th. Finally, Morgan Stanley boosted their target price on Astera Labs to $335.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $348.33.

Insider Activity at Astera Labs

In other Astera Labs 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 transaction of $30,845,920.50. Following the completion of the transaction, the chief operating officer owned 1,119,038 shares in the company, valued at approximately $380,864,583.30. This represents a 7.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jitendra Mohan sold 90,630 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $340.35, for a total value of $30,845,920.50. Following the completion of the sale, the chief executive officer owned 1,266,665 shares in the company, valued at approximately $431,109,432.75. This trade represents a 6.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 406,745 shares of company stock valued at $158,581,158 over the last three months. Insiders own 10.40% of the company's stock.

Astera Labs Trading Down 5.7%

NASDAQ:ALAB opened at $279.91 on Wednesday. Astera Labs, Inc. has a 1 year low of $97.89 and a 1 year high of $499.48. The stock has a 50-day moving average price of $337.19 and a two-hundred day moving average price of $251.85. The stock has a market cap of $48.56 billion, a price-to-earnings ratio of 138.57 and a beta of 3.78.

Astera Labs (NASDAQ:ALAB - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $360.85 million. During the same quarter in the previous year, the business posted $0.44 EPS. Astera Labs's revenue for the quarter was up 104.5% on a year-over-year basis. Astera Labs has set its Q3 2026 guidance at 1.160-1.210 EPS. Sell-side analysts forecast that Astera Labs, Inc. will post 2.7 earnings per share for the current year.

Astera Labs Profile

Astera Labs is a fabless semiconductor company that develops connectivity solutions for data center and cloud infrastructure. The firm focuses on addressing signal integrity and link management challenges that arise as server architectures incorporate higher-bandwidth processors and accelerators. Its technology is aimed at improving reliability and performance for high-speed interconnects used in servers, storage systems and compute accelerators.

The company's product portfolio centers on silicon devices and accompanying firmware and software that enhance and manage high-speed links.

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