Astera Labs (NASDAQ:ALAB) Shares Gap Up – Here’s Why

Astera Labs, Inc. (NASDAQ:ALAB) gapped up before the market opened on Thursday . The stock had previously closed at $142.01, but opened at $154.48. Astera Labs shares last traded at $158.3820, with a volume of 1,827,703 shares trading hands.

Analysts Set New Price Targets

ALAB has been the subject of several analyst reports. TD Cowen decreased their price objective on Astera Labs from $225.00 to $170.00 and set a “hold” rating for the company in a report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of Astera Labs from $180.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Citigroup increased their price objective on shares of Astera Labs from $160.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Roth Capital boosted their target price on shares of Astera Labs from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Astera Labs from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $187.06.

Astera Labs Stock Up 10.4%

The stock has a 50-day moving average of $188.74 and a 200 day moving average of $145.31. The stock has a market cap of $26.47 billion, a PE ratio of 141.96, a P/E/G ratio of 2.60 and a beta of 1.37.

Astera Labs (NASDAQ:ALAB) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. Astera Labs had a net margin of 27.50% and a return on equity of 13.48%. The firm had revenue of $230.58 million for the quarter, compared to analysts’ expectations of $206.42 million. During the same quarter in the previous year, the company posted $0.23 EPS. The company’s revenue was up 103.9% compared to the same quarter last year. Astera Labs has set its Q4 2025 guidance at 0.50-0.510 EPS. Research analysts forecast that Astera Labs, Inc. will post 0.34 EPS for the current fiscal year.

Insider Transactions at Astera Labs

In related news, Director Manuel Alba sold 183,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $173.27, for a total value of $31,708,410.00. Following the completion of the transaction, the director directly owned 385,863 shares in the company, valued at approximately $66,858,482.01. This represents a 32.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jack R. Lazar sold 22,500 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $178.42, for a total value of $4,014,450.00. Following the completion of the transaction, the director directly owned 97,351 shares in the company, valued at approximately $17,369,365.42. This trade represents a 18.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 619,436 shares of company stock valued at $96,530,060 in the last ninety days. 12.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Astera Labs

Large investors have recently made changes to their positions in the stock. Assetmark Inc. raised its position 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 purchasing an additional 101 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in Astera Labs during the 2nd quarter worth approximately $29,000. Bernard Wealth Management Corp. purchased a new stake in shares of Astera Labs during the second quarter worth $36,000. National Bank of Canada FI boosted its holdings in Astera Labs by 159.0% in the third quarter. National Bank of Canada FI now owns 202 shares of the company’s stock valued at $39,000 after purchasing an additional 124 shares during the period. Finally, Wexford Capital LP acquired a new position in Astera Labs during the 3rd quarter worth $39,000. 60.47% of the stock is currently owned by institutional investors and hedge funds.

About Astera Labs

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.