Insider Selling: Astera Labs (NASDAQ:ALAB) Director Sells 8,994 Shares

Astera Labs, Inc. (NASDAQ:ALAB) Director Stefan Dyckerhoff sold 8,994 shares of Astera Labs stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $274.96, for a total value of $2,472,990.24. Following the completion of the sale, the director directly owned 3,309 shares in the company, valued at $909,842.64. This represents a 73.10% decrease in their position. The transaction was disclosed in a document filed 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.

Astera Labs Trading Up 3.2%

Shares of Astera Labs stock traded up $8.69 during trading on Thursday, reaching $282.82. The stock had a trading volume of 2,787,635 shares, compared to its average volume of 3,350,008. The company has a market capitalization of $49.07 billion, a price-to-earnings ratio of 176.86 and a beta of 3.77. The stock has a fifty day moving average price of $332.37 and a two-hundred day moving average price of $253.97. Astera Labs, Inc. has a 52 week low of $97.89 and a 52 week high of $499.48.

Astera Labs (NASDAQ:ALAB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.80 earnings per share (EPS) for the quarter, topping 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 business had revenue of $392.40 million during the quarter, compared to the consensus estimate of $360.85 million. During the same period last year, the company earned $0.44 earnings per share. Astera Labs’s quarterly revenue was up 104.5% on a year-over-year basis. Astera Labs has set its Q3 2026 guidance at 1.160-1.210 EPS. On average, equities analysts forecast that Astera Labs, Inc. will post 2.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ALAB shares. Citigroup reiterated a “buy” rating on shares of Astera Labs in a report on Wednesday, July 29th. Evercore restated an “outperform” rating and set a $297.00 target price on shares of Astera Labs in a report on Tuesday, May 19th. Stifel Nicolaus raised their target price on shares of Astera Labs from $260.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Astera Labs in a research note on Tuesday, August 18th. Finally, Morgan Stanley boosted their price target on shares of Astera Labs to $335.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $348.33.

Institutional Investors Weigh In On Astera Labs

Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System increased its holdings in Astera Labs by 49,273.2% during the second quarter. California State Teachers Retirement System now owns 100,158,544 shares of the company’s stock worth $48,378,580,000 after buying an additional 99,955,684 shares during the last quarter. BlackRock Inc. acquired a new stake in Astera Labs in the second quarter valued at $6,609,581,000. Atreides Management LP grew its position in shares of Astera Labs by 108.9% in the 1st quarter. Atreides Management LP now owns 3,365,787 shares of the company’s stock valued at $368,890,000 after acquiring an additional 1,754,593 shares during the period. State Street Corp grew its position in shares of Astera Labs by 32.5% in the 4th quarter. State Street Corp now owns 3,099,809 shares of the company’s stock valued at $515,684,000 after acquiring an additional 760,358 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Astera Labs by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 2,429,078 shares of the company’s stock worth $403,598,000 after purchasing an additional 104,935 shares during the last quarter. Institutional investors and hedge funds own 60.47% of the company’s stock.

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.