Astera Labs, Inc. (NASDAQ:ALAB) to Post Q1 2024 Earnings of ($0.16) Per Share, Northland Capmk Forecasts

Astera Labs, Inc. (NASDAQ:ALAB) – Research analysts at Northland Capmk issued their Q1 2024 earnings per share (EPS) estimates for shares of Astera Labs in a research note issued to investors on Thursday, April 18th. Northland Capmk analyst G. Richard expects that the company will post earnings per share of ($0.16) for the quarter. Northland Capmk also issued estimates for Astera Labs’ Q2 2024 earnings at ($0.18) EPS, Q3 2024 earnings at ($0.16) EPS, Q4 2024 earnings at ($0.10) EPS, FY2024 earnings at ($0.65) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.09) EPS and FY2025 earnings at ($0.41) EPS.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. started coverage on Astera Labs in a research report on Monday, April 15th. They issued an “overweight” rating and a $85.00 target price on the stock. Craig Hallum started coverage on Astera Labs in a research report on Monday, April 15th. They issued a “buy” rating and a $90.00 target price on the stock. Northland Securities started coverage on Astera Labs in a research report on Monday, March 25th. They issued an “outperform” rating and a $85.00 target price on the stock. Morgan Stanley started coverage on Astera Labs in a research report on Monday, April 15th. They issued an “overweight” rating and a $81.00 target price on the stock. Finally, Roth Mkm started coverage on Astera Labs in a research report on Monday, April 15th. They issued a “buy” rating and a $85.00 target price on the stock. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Astera Labs currently has a consensus rating of “Buy” and an average target price of $86.09.

Astera Labs Trading Up 9.0 %

Shares of Astera Labs stock opened at $71.72 on Monday. Astera Labs has a 12 month low of $50.61 and a 12 month high of $95.21.

Institutional Trading of Astera Labs

A hedge fund recently bought a new stake in Astera Labs stock. Seven Grand Managers LLC bought a new position in Astera Labs, Inc. (NASDAQ:ALAB) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $3,710,000. Astera Labs comprises 1.8% of Seven Grand Managers LLC’s portfolio, making the stock its 23rd largest holding.

Insider Activity at Astera Labs

In other news, Director Jack R. Lazar acquired 10,000 shares of the stock in a transaction on Friday, March 22nd. The stock was acquired at an average cost of $36.00 per share, for a total transaction of $360,000.00. Following the completion of the transaction, the director now directly owns 165,000 shares in the company, valued at $5,940,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

About Astera Labs

Astera Labs, Inc designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale.