Astera Labs (NASDAQ:ALAB) Trading Up 7.1% – Here’s What Happened

Astera Labs, Inc. (NASDAQ:ALAB)’s share price traded up 7.1% during trading on Thursday . The stock traded as high as $113.86 and last traded at $113.9090. 1,278,462 shares changed hands during trading, a decline of 75% from the average session volume of 5,113,501 shares. The stock had previously closed at $106.33.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ALAB shares. Weiss Ratings lowered Astera Labs from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Jefferies Financial Group reissued a “buy” rating on shares of Astera Labs in a research report on Wednesday, December 3rd. Loop Capital started coverage on Astera Labs in a research note on Thursday, March 5th. They issued a “buy” rating and a $250.00 price objective for the company. Royal Bank Of Canada assumed coverage on Astera Labs in a research note on Wednesday, January 14th. They set an “outperform” rating and a $225.00 target price on the stock. Finally, Morgan Stanley reissued an “overweight” rating and issued a $210.00 price target on shares of Astera Labs in a report on Wednesday, December 3rd. Fifteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.44.

Astera Labs Stock Up 7.0%

The firm has a 50 day moving average of $133.79 and a 200 day moving average of $160.73. The firm has a market cap of $19.48 billion, a PE ratio of 93.26, a P/E/G ratio of 2.16 and a beta of 1.78.

Astera Labs (NASDAQ:ALAB) last released its earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.07. The business had revenue of $270.58 million during the quarter, compared to the consensus estimate of $249.46 million. Astera Labs had a return on equity of 16.12% and a net margin of 25.70%.The business’s revenue for the quarter was up 91.8% on a year-over-year basis. During the same period last year, the business posted $0.37 earnings per share. Astera Labs has set its Q1 2026 guidance at 0.530-0.540 EPS. On average, research analysts anticipate that Astera Labs, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Philip Mazzara sold 10,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $117.47, for a total value of $1,174,700.00. Following the sale, the general counsel directly owned 128,084 shares in the company, valued at approximately $15,046,027.48. The trade was a 7.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Sanjay Gajendra sold 94,971 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $123.81, for a total transaction of $11,758,359.51. Following the sale, the chief operating officer directly owned 1,531,301 shares in the company, valued at approximately $189,590,376.81. This trade represents a 5.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 384,292 shares of company stock worth $48,724,919 in the last quarter. 12.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ALAB. Hsbc Holdings PLC grew its stake in Astera Labs by 128.5% in the 4th quarter. Hsbc Holdings PLC now owns 83,721 shares of the company’s stock valued at $14,126,000 after buying an additional 47,081 shares in the last quarter. Spear Advisors LLC purchased a new stake in shares of Astera Labs during the fourth quarter worth $15,787,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Astera Labs during the fourth quarter worth $75,000. Bank of Hawaii boosted its holdings in shares of Astera Labs by 12.7% in the fourth quarter. Bank of Hawaii now owns 28,580 shares of the company’s stock worth $4,755,000 after acquiring an additional 3,221 shares during the period. Finally, Reflection Asset Management bought a new position in shares of Astera Labs in the fourth quarter worth $25,000. 60.47% of the stock is owned by institutional investors.

About Astera Labs

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.