Astera Labs (NASDAQ:ALAB) Trading Up 7.3% – Here’s What Happened

Shares of Astera Labs, Inc. (NASDAQ:ALAB) were up 7.3% during mid-day trading on Thursday . The company traded as high as $354.53 and last traded at $349.17. Approximately 5,559,052 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 5,544,094 shares. The stock had previously closed at $325.33.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ALAB shares. JPMorgan Chase & Co. increased their price objective on shares of Astera Labs from $205.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Citigroup cut shares of Astera Labs from a “buy” rating to a “market perform” rating in a research note on Tuesday. Morgan Stanley increased their price objective on shares of Astera Labs from $210.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group restated a “buy” rating and issued a $270.00 price objective on shares of Astera Labs in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.75.

Astera Labs Trading Down 1.8%

The company’s fifty day moving average price is $190.82 and its two-hundred day moving average price is $165.12. The firm has a market cap of $58.80 billion, a P/E ratio of 231.79, a price-to-earnings-growth ratio of 4.62 and a beta of 3.35.

Astera Labs (NASDAQ:ALAB) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The firm had revenue of $308.36 million for the quarter, compared to analyst estimates of $292.19 million. Astera Labs had a net margin of 26.72% and a return on equity of 18.49%. The company’s revenue was up 93.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. On average, analysts predict that Astera Labs, Inc. will post 1.84 EPS for the current fiscal year.

Insider Activity at Astera Labs

In related news, CEO Jitendra Mohan sold 28,737 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $249.62, for a total value of $7,173,329.94. Following the sale, the chief executive officer directly owned 3,789,232 shares in the company, valued at $945,868,091.84. This trade represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Philip Mazzara sold 796 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $291.03, for a total transaction of $231,659.88. Following the completion of the sale, the general counsel owned 103,343 shares in the company, valued at $30,075,913.29. This represents a 0.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,316,257 shares of company stock worth $474,860,636 in the last ninety days. Company insiders own 12.50% of the company’s stock.

Institutional Trading of Astera Labs

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. lifted its stake in Astera Labs by 374.1% in the third quarter. Assetmark Inc. now owns 128 shares of the company’s stock valued at $25,000 after buying an additional 101 shares in the last quarter. Reflection Asset Management bought a new position in Astera Labs in the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC lifted its stake in Astera Labs by 422.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock valued at $32,000 after buying an additional 152 shares in the last quarter. Hilltop National Bank lifted its stake in Astera Labs by 100.0% in the fourth quarter. Hilltop National Bank now owns 200 shares of the company’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new position in Astera Labs in the fourth quarter valued at approximately $33,000. 60.47% of the stock is currently owned by institutional investors and hedge funds.

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.