Astera Labs (NASDAQ:ALAB) Trading Down 1.5% – Here’s What Happened

Astera Labs, Inc. (NASDAQ:ALAB) shares traded down 1.5% during mid-day trading on Thursday . The stock traded as low as $338.02 and last traded at $358.05. 3,719,870 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 5,529,397 shares. The stock had previously closed at $363.54.

Wall Street Analysts Forecast Growth

Several analysts have commented on ALAB shares. UBS Group assumed coverage on shares of Astera Labs in a report on Tuesday, April 21st. They set a “neutral” rating and a $180.00 target price on the stock. Barclays increased their price objective on shares of Astera Labs from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Citigroup lowered shares of Astera Labs from a “buy” rating to a “market perform” rating in a report on Tuesday, May 26th. Loop Capital began coverage on shares of Astera Labs in a research report on Thursday, March 5th. They issued a “buy” rating and a $250.00 price objective on the stock. Finally, Royal Bank Of Canada upped their target price on shares of Astera Labs from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Twelve investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $233.75.

Astera Labs Stock Performance

The business has a 50-day simple moving average of $212.95 and a two-hundred day simple moving average of $171.60. The stock has a market cap of $54.35 billion, a price-to-earnings ratio of 214.23, a P/E/G ratio of 4.74 and a beta of 3.95.

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

Insider Buying and Selling at Astera Labs

In other news, COO Sanjay Gajendra sold 400,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $290.30, for a total value of $116,120,000.00. Following the completion of the transaction, the chief operating officer owned 5,064,213 shares in the company, valued at $1,470,141,033.90. This trade represents a 7.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Philip Mazzara sold 796 shares of Astera Labs stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $291.03, for a total value of $231,659.88. Following the completion of the sale, the general counsel directly owned 103,343 shares in the company, valued at approximately $30,075,913.29. This represents a 0.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,311,256 shares of company stock valued at $477,341,446. Corporate insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Assetmark Inc. raised its stake in shares of Astera Labs by 374.1% during the 3rd quarter. Assetmark Inc. now owns 128 shares of the company’s stock worth $25,000 after purchasing an additional 101 shares in the last quarter. Reflection Asset Management bought a new position in shares of Astera Labs in the fourth quarter valued at $25,000. Smartleaf Asset Management LLC increased its holdings in Astera Labs by 422.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock worth $32,000 after buying an additional 152 shares during the last quarter. Hilltop National Bank increased its holdings in Astera Labs by 100.0% during the fourth quarter. Hilltop National Bank now owns 200 shares of the company’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in Astera Labs during the fourth quarter worth $33,000. 60.47% of the stock is currently owned by institutional investors.

Astera Labs Company 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.