Wellington Management Group LLP Boosts Stock Position in Astera Labs, Inc. $ALAB

Key Points

• Wellington Management Group LLP significantly increased its stake in Astera Labs, raising it by 253.8% in Q1, and now holds approximately $6.68 million worth of shares.
• Astera Labs has seen strong analyst support with a current average rating of "Moderate Buy" and a price target of $129.13, with several analysts upgrading their ratings and price targets recently.
• The company reported a 149.5% year-over-year revenue increase in its latest quarterly earnings, exceeding analysts' expectations, with earnings per share of $0.44 against a consensus of $0.33.

Wellington Management Group LLP lifted its stake in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 253.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,972 shares of the company's stock after acquiring an additional 80,327 shares during the period. Wellington Management Group LLP owned approximately 0.07% of Astera Labs worth $6,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALAB. Driehaus Capital Management LLC lifted its position in Astera Labs by 16,640.4% in the fourth quarter. Driehaus Capital Management LLC now owns 1,324,330 shares of the company's stock worth $175,408,000 after purchasing an additional 1,316,419 shares during the period. Polar Capital Holdings Plc bought a new position in shares of Astera Labs in the fourth quarter valued at about $126,812,000. Bank of Nova Scotia raised its holdings in shares of Astera Labs by 3,742.2% in the first quarter. Bank of Nova Scotia now owns 964,400 shares of the company's stock valued at $57,546,000 after buying an additional 939,300 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Astera Labs by 4,172.8% in the fourth quarter. BNP Paribas Financial Markets now owns 816,619 shares of the company's stock valued at $108,161,000 after buying an additional 797,507 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in Astera Labs during the 1st quarter worth about $29,935,000. 60.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their target price on Astera Labs from $104.00 to $215.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Barclays restated an "overweight" rating and issued a $155.00 target price (up previously from $75.00) on shares of Astera Labs in a research note on Thursday, August 7th. Roth Capital set a $100.00 price objective on Astera Labs and gave the stock a "buy" rating in a research note on Wednesday, May 7th. William Blair started coverage on Astera Labs in a research note on Thursday, May 22nd. They issued an "outperform" rating on the stock. Finally, Zacks Research upgraded Astera Labs to a "strong-buy" rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Astera Labs presently has an average rating of "Moderate Buy" and an average target price of $135.75.

Astera Labs Price Performance

Shares of Astera Labs stock traded down $6.95 during midday trading on Friday, reaching $182.20. The company had a trading volume of 3,744,678 shares, compared to its average volume of 5,833,099. Astera Labs, Inc. has a fifty-two week low of $36.85 and a fifty-two week high of $199.47. The stock has a fifty day moving average price of $130.65 and a 200 day moving average price of $95.03. The firm has a market cap of $30.29 billion, a PE ratio of 356.89, a P/E/G ratio of 4.80 and a beta of 1.39.

Astera Labs (NASDAQ:ALAB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.11. Astera Labs had a return on equity of 9.53% and a net margin of 16.54%.The firm had revenue of $191.93 million for the quarter, compared to analyst estimates of $172.46 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The company'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. As a group, sell-side analysts forecast that Astera Labs, Inc. will post 0.34 EPS for the current year.

Insider Activity

In other news, CFO Michael Truett Tate sold 18,861 shares of the business'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 $3,461,182.11. Following the completion of the sale, the chief financial officer owned 259,512 shares in the company, valued at $47,623,047.12. The trade was a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jitendra Mohan sold 91,441 shares of Astera Labs stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $183.51, for a total value of $16,780,337.91. Following the transaction, the chief executive officer directly owned 2,170,877 shares in the company, valued at approximately $398,377,638.27. The trade was a 4.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,728,116 shares of company stock valued at $239,272,181. Corporate insiders own 12.50% of the company's stock.

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.