Daiwa Securities Group Inc. boosted its stake in Astera Labs, Inc. (NASDAQ:ALAB – Free Report) by 358.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,813 shares of the company’s stock after purchasing an additional 12,361 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Astera Labs were worth $2,631,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in Astera Labs by 374.1% in the 3rd quarter. Assetmark Inc. now owns 128 shares of the company’s stock valued at $25,000 after acquiring an additional 101 shares during the period. Hilltop National Bank grew its stake in Astera Labs by 100.0% in the 4th quarter. Hilltop National Bank now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Aventura Private Wealth LLC acquired a new stake in Astera Labs in the 4th quarter valued at $33,000. National Bank of Canada FI grew its stake in Astera Labs by 159.0% in the 3rd quarter. National Bank of Canada FI now owns 202 shares of the company’s stock valued at $39,000 after acquiring an additional 124 shares during the period. Finally, Wexford Capital LP acquired a new stake in Astera Labs in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 60.47% of the company’s stock.
Insider Transactions at Astera Labs
In other news, CEO Jitendra Mohan sold 325,693 shares of Astera Labs stock in a transaction 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 in the company, valued at $702,214,489.08. The trade was a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 on Thursday, May 21st. The stock was sold at an average price of $290.30, for a total value of $116,120,000.00. Following the transaction, the chief operating officer owned 5,064,213 shares in the company, valued at approximately $1,470,141,033.90. This represents 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 2,321,256 shares of company stock worth $480,893,146 in the last quarter. Company insiders own 10.40% of the company’s stock.
Astera Labs Stock Performance
Astera Labs (NASDAQ:ALAB – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. Astera Labs had a return on equity of 18.49% and a net margin of 26.72%.The company had revenue of $308.36 million for the quarter, compared to analyst estimates of $292.19 million. During the same quarter last year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 93.5% on a year-over-year basis. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. On average, equities analysts forecast that Astera Labs, Inc. will post 1.84 earnings per share for the current year.
More Astera Labs News
Here are the key news stories impacting Astera Labs this week:
- Positive Sentiment: ALAB continues to benefit from bullish coverage tied to AI infrastructure growth, with recent commentary saying the company is still an early-stage AI story and that demand for its connectivity products remains strong. Astera Labs: Still An Early AI Story
- Positive Sentiment: Recent analysis highlighted that Astera Labs’ strong Q1 results, constructive Q2 guidance, and commentary around ramping products like Scorpio X-Series and PCIe offerings are helping support investor sentiment. Astera Labs jumps 9.4% as investors digest strong Q1 results and conference commentary
- Positive Sentiment: The company has also been included in speculation about potential future S&P 500 additions, which can draw extra attention from index-focused investors. Bloom Energy, Astera Labs, Alnylam, Reddit Could Be Among Next Adds to S&P 500
- Neutral Sentiment: Astera Labs’ latest short-interest data was reported as essentially flat at zero shares, so this does not appear to be a meaningful trading catalyst.
- Neutral Sentiment: Shareholders approved directors and governance measures at the annual meeting, which is supportive of corporate housekeeping but unlikely to move the stock by itself. Astera Labs Shareholders Approve Directors and Governance Measures
- Negative Sentiment: Several pieces warned that ALAB’s valuation has become stretched after its rapid rally, increasing the risk of a pullback if growth expectations cool. Soaring Astera Labs stock faces a major valuation risk: what next?
- Negative Sentiment: Analyst commentary also turned more cautious, including a Seeking Alpha piece calling the stock a potential short candidate and another downgrade note advising investors to trim exposure. Astera Labs: I’d Short It, But There’s No Catalyst – Longs, Beware Astera Labs: Take Some Chips Off The Table (Rating Downgrade)
- Negative Sentiment: Director Jack Lazar sold 10,000 shares under a pre-arranged plan, adding to the market’s awareness that insiders have been frequent sellers in recent months. Astera Labs (NASDAQ:ALAB) Director Sells $3,551,700.00 in Stock
Analyst Ratings Changes
A number of brokerages have weighed in on ALAB. Weiss Ratings upgraded Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and issued a $270.00 price objective on shares of Astera Labs in a report on Wednesday, May 6th. Evercore restated an “outperform” rating and issued a $297.00 price objective on shares of Astera Labs in a report on Tuesday, May 19th. Susquehanna raised their price objective on Astera Labs from $155.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Northland Securities lowered Astera Labs from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Astera Labs currently has an average rating of “Moderate Buy” and an average price target of $233.75.
Get Our Latest Research Report on Astera Labs
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.
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