Astera Labs (NASDAQ:ALAB) Director Sells $3,276,963.90 in Stock

Astera Labs, Inc. (NASDAQ:ALAB) Director Stefan Dyckerhoff sold 8,994 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $364.35, for a total value of $3,276,963.90. Following the sale, the director owned 5,292 shares of the company’s stock, valued at approximately $1,928,140.20. This trade represents a 62.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Astera Labs Stock Down 11.4%

Shares of ALAB traded down $40.99 during trading on Friday, reaching $317.06. The company’s stock had a trading volume of 7,300,593 shares, compared to its average volume of 5,546,898. The company has a market cap of $54.35 billion, a price-to-earnings ratio of 214.23, a P/E/G ratio of 4.81 and a beta of 3.95. The company has a fifty day moving average of $209.01 and a two-hundred day moving average of $170.57. Astera Labs, Inc. has a twelve month low of $84.78 and a twelve month high of $372.37.

Astera Labs (NASDAQ:ALAB) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. Astera Labs had a net margin of 26.72% and a return on equity of 18.49%. The business had revenue of $308.36 million during the quarter, compared to analyst estimates of $292.19 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s 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. As a group, equities analysts forecast that Astera Labs, Inc. will post 1.84 EPS for the current fiscal year.

Institutional Trading of Astera Labs

Several hedge funds have recently bought and sold shares of the company. Assetmark Inc. grew its position in Astera Labs by 374.1% in the 3rd quarter. Assetmark Inc. now owns 128 shares of the company’s stock worth $25,000 after purchasing an additional 101 shares during the last quarter. Reflection Asset Management acquired a new position in shares of Astera Labs during the fourth quarter worth approximately $25,000. Smartleaf Asset Management LLC boosted its position in shares of Astera Labs by 422.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock worth $32,000 after buying an additional 152 shares during the period. Hilltop National Bank grew its holdings in Astera Labs by 100.0% in the 4th quarter. Hilltop National Bank now owns 200 shares of the company’s stock worth $33,000 after buying an additional 100 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new position in Astera Labs in the 4th quarter worth approximately $33,000. 60.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALAB has been the subject of a number of research reports. Susquehanna lifted their price target on Astera Labs from $155.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. TD Cowen increased their target price on Astera Labs from $140.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on Astera Labs from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Needham & Company LLC upped their price target on Astera Labs from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently 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.