Astera Labs (NASDAQ:ALAB) Director Jack Lazar Sells 10,000 Shares

Astera Labs, Inc. (NASDAQ:ALAB) Director Jack Lazar sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $355.17, for a total value of $3,551,700.00. Following the transaction, the director owned 75,688 shares of the company’s stock, valued at $26,882,106.96. The trade was a 11.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Astera Labs Trading Up 9.2%

Astera Labs stock opened at $346.33 on Tuesday. The firm has a market capitalization of $59.36 billion, a P/E ratio of 234.01, a PEG ratio of 4.20 and a beta of 3.94. Astera Labs, Inc. has a 1 year low of $84.78 and a 1 year high of $372.37. The business has a 50-day moving average of $217.60 and a 200-day moving average of $173.27.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALAB. Barclays raised their price objective on Astera Labs from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Weiss Ratings raised Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. TD Cowen raised their price objective on Astera Labs from $140.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Rothschild & Co Redburn began coverage on Astera Labs in a research note on Friday, May 1st. They set a “neutral” rating and a $153.00 price objective on the stock. Finally, Evercore reaffirmed an “outperform” rating and set a $297.00 price objective on shares of Astera Labs in a research note on Tuesday, May 19th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.75.

Institutional Trading of Astera Labs

Hedge funds and other institutional investors have recently modified their holdings of the company. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Astera Labs in the fourth quarter valued at about $18,708,000. Nordea Investment Management AB acquired a new stake in shares of Astera Labs in the fourth quarter valued at about $2,028,000. Geneva Partners LLC acquired a new stake in shares of Astera Labs in the third quarter valued at about $1,876,000. Numerai GP LLC increased its position in shares of Astera Labs by 153.1% in the third quarter. Numerai GP LLC now owns 13,212 shares of the company’s stock valued at $2,587,000 after acquiring an additional 7,992 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Astera Labs by 76.8% in the fourth quarter. Swedbank AB now owns 78,140 shares of the company’s stock valued at $12,999,000 after acquiring an additional 33,940 shares during the last quarter. Institutional investors and hedge funds own 60.47% of the company’s stock.

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.