Landscape Capital Management L.L.C. Makes New Investment in Astera Labs, Inc. $ALAB

Landscape Capital Management L.L.C. bought a new position in Astera Labs, Inc. (NASDAQ:ALAB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 20,552 shares of the company’s stock, valued at approximately $3,419,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Astera Labs by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,827,506 shares of the company’s stock worth $2,300,344,000 after purchasing an additional 84,365 shares in the last quarter. State Street Corp increased its holdings in Astera Labs by 32.5% in the fourth quarter. State Street Corp now owns 3,099,809 shares of the company’s stock worth $515,684,000 after purchasing an additional 760,358 shares in the last quarter. Geode Capital Management LLC increased its holdings in Astera Labs by 4.5% in the fourth 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 in the last quarter. Morgan Stanley grew its stake in Astera Labs by 33.0% in the fourth quarter. Morgan Stanley now owns 1,934,467 shares of the company’s stock valued at $321,818,000 after acquiring an additional 480,009 shares during the period. Finally, Amundi grew its stake in Astera Labs by 1,298.6% in the third quarter. Amundi now owns 1,421,263 shares of the company’s stock valued at $278,283,000 after acquiring an additional 1,319,643 shares during the period. 60.47% of the stock is currently owned by institutional investors.

Astera Labs Price Performance

Shares of NASDAQ:ALAB opened at $367.15 on Monday. The stock has a market cap of $62.93 billion, a price-to-earnings ratio of 248.07, a PEG ratio of 4.86 and a beta of 3.94. Astera Labs, Inc. has a 12-month low of $84.78 and a 12-month high of $390.99. The business’s 50 day moving average is $237.17 and its 200 day moving average is $179.16.

Astera Labs (NASDAQ:ALAB) last announced its earnings results on Tuesday, May 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.07. The company had revenue of $308.36 million for the quarter, compared to analysts’ expectations of $292.19 million. Astera Labs had a return on equity of 18.49% and a net margin of 26.72%.Astera Labs’s quarterly revenue was up 93.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. As a group, equities research analysts expect that Astera Labs, Inc. will post 1.84 earnings per share for the current year.

Insider Activity at Astera Labs

In related news, CEO Jitendra Mohan sold 325,693 shares of Astera Labs stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $172.14, for a total transaction of $56,064,793.02. Following the transaction, the chief executive officer owned 4,079,322 shares of the company’s stock, valued at $702,214,489.08. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Gajendra sold 400,000 shares of Astera Labs stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $290.30, for a total value of $116,120,000.00. Following the transaction, the chief operating officer directly owned 5,064,213 shares in the company, valued at approximately $1,470,141,033.90. The trade was a 7.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,318,756 shares of company stock valued at $480,568,146 over the last 90 days. Insiders own 10.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Evercore reissued an “outperform” rating and issued a $297.00 price objective on shares of Astera Labs in a research note on Tuesday, May 19th. TD Cowen raised their price objective on Astera Labs from $140.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Roth Mkm reissued a “buy” rating and issued a $275.00 price objective on shares of Astera Labs in a research note on Wednesday, May 6th. Susquehanna raised their price objective on Astera Labs from $155.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus raised their price objective on Astera Labs from $236.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.75.

Astera Labs 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.