DNB Asset Management AS Has $4.29 Million Holdings in Astera Labs, Inc. $ALAB

DNB Asset Management AS grew its stake in Astera Labs, Inc. (NASDAQ:ALAB) by 164.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,813 shares of the company’s stock after buying an additional 16,067 shares during the quarter. DNB Asset Management AS’s holdings in Astera Labs were worth $4,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Astera Labs by 11,529.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 38,376 shares of the company’s stock valued at $6,384,000 after buying an additional 38,046 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Astera Labs by 22.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,152 shares of the company’s stock valued at $358,000 after buying an additional 397 shares during the period. Allworth Financial LP boosted its holdings in shares of Astera Labs by 3.8% in the fourth quarter. Allworth Financial LP now owns 3,154 shares of the company’s stock valued at $525,000 after buying an additional 116 shares during the period. Freemont Management S.A. boosted its holdings in shares of Astera Labs by 693.6% in the fourth quarter. Freemont Management S.A. now owns 111,900 shares of the company’s stock valued at $18,616,000 after buying an additional 97,800 shares during the period. Finally, Pier 88 Investment Partners LLC boosted its holdings in shares of Astera Labs by 8.7% in the fourth quarter. Pier 88 Investment Partners LLC now owns 3,260 shares of the company’s stock valued at $542,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 60.47% of the company’s stock.

Astera Labs Stock Up 13.3%

Shares of ALAB stock opened at $244.26 on Wednesday. The company’s fifty day simple moving average is $159.81 and its 200-day simple moving average is $157.14. The firm has a market cap of $41.87 billion, a PE ratio of 165.04, a P/E/G ratio of 2.85 and a beta of 3.35. Astera Labs, Inc. has a 12 month low of $84.78 and a 12 month high of $262.90.

Astera Labs (NASDAQ:ALAB) last posted its quarterly 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. Astera Labs had a net margin of 26.72% and a return on equity of 18.49%. The firm had revenue of $308.36 million for the quarter, compared to analyst estimates of $292.19 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The company’s quarterly revenue was up 93.5% compared to the same quarter last year. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. On average, equities analysts predict that Astera Labs, Inc. will post 1.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Astera Labs news, CEO Jitendra Mohan sold 139,951 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $200.16, for a total transaction of $28,012,592.16. Following the sale, the chief executive officer directly owned 3,929,183 shares of the company’s stock, valued at approximately $786,465,269.28. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stefan A. Dyckerhoff sold 3,505 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $200.03, for a total transaction of $701,105.15. Following the sale, the director directly owned 63,639 shares in the company, valued at $12,729,709.17. This trade represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,290,546 shares of company stock valued at $211,225,088. 12.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ALAB shares. JPMorgan Chase & Co. boosted their price objective on shares of Astera Labs from $205.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Stifel Nicolaus boosted their price objective on shares of Astera Labs from $236.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Astera Labs from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada boosted their price objective on shares of Astera Labs from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, UBS Group started coverage on shares of Astera Labs in a research report on Tuesday, April 21st. They issued a “neutral” rating and a $180.00 price objective on the stock. Fifteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Astera Labs has an average rating of “Moderate Buy” and an average price target of $233.75.

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.