Commerce Bank Makes New $1.17 Million Investment in Astera Labs, Inc. $ALAB

Commerce Bank bought a new stake in Astera Labs, Inc. (NASDAQ:ALAB) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,414 shares of the company’s stock, valued at approximately $1,166,000.

Several other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Astera Labs during the 2nd quarter worth approximately $268,000. Quantbot Technologies LP acquired a new position in Astera Labs during the 2nd quarter valued at approximately $979,000. Varma Mutual Pension Insurance Co bought a new position in Astera Labs during the 2nd quarter worth $14,104,000. Emerald Investment Advisers LLC bought a new position in Astera Labs during the 2nd quarter worth $5,138,000. Finally, Korea Investment CORP acquired a new stake in Astera Labs in the second quarter worth $40,866,000. 60.47% of the stock is owned by institutional investors.

Insider Transactions at Astera Labs

In other Astera Labs news, CEO Jitendra Mohan sold 90,630 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $340.35, for a total transaction of $30,845,920.50. Following the transaction, the chief executive officer owned 1,266,665 shares of the company’s stock, valued at approximately $431,109,432.75. This trade represents a 6.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Sanjay Gajendra sold 90,630 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $340.35, for a total transaction of $30,845,920.50. Following the sale, the chief operating officer owned 1,119,038 shares in the company, valued at $380,864,583.30. This trade represents a 7.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 419,244 shares of company stock worth $163,135,169 over the last ninety days. Insiders own 10.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ALAB shares. Royal Bank Of Canada raised their target price on Astera Labs from $425.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Rothschild & Co Redburn initiated coverage on shares of Astera Labs in a research report on Friday, May 1st. They set a “neutral” rating and a $153.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Astera Labs in a report on Tuesday, August 18th. Barclays lifted their price objective on shares of Astera Labs from $200.00 to $325.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Finally, UBS Group restated a “neutral” rating and issued a $425.00 price target on shares of Astera Labs in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $333.00.

Astera Labs Stock Performance

Shares of ALAB stock opened at $282.65 on Wednesday. Astera Labs, Inc. has a 1 year low of $97.89 and a 1 year high of $499.48. The firm has a market capitalization of $49.04 billion, a PE ratio of 139.93 and a beta of 3.84. The stock has a fifty day moving average of $348.88 and a two-hundred day moving average of $247.38.

Astera Labs (NASDAQ:ALAB) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. Astera Labs had a return on equity of 19.24% and a net margin of 30.74%.The company had revenue of $392.40 million for the quarter, compared to analyst estimates of $360.85 million. During the same period last year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 104.5% compared to the same quarter last year. Astera Labs has set its Q3 2026 guidance at 1.160-1.210 EPS. Equities research analysts predict that Astera Labs, Inc. will post 2.7 earnings per share for the current fiscal year.

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.