Bank of Hawaii Raises Stock Holdings in Astera Labs, Inc. $ALAB

Bank of Hawaii boosted its stake in shares of Astera Labs, Inc. (NASDAQ:ALAB) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,580 shares of the company’s stock after purchasing an additional 3,221 shares during the quarter. Bank of Hawaii’s holdings in Astera Labs were worth $4,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Astera Labs by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,827,506 shares of the company’s stock worth $2,300,344,000 after buying an additional 84,365 shares during the last quarter. State Street Corp increased its position in Astera Labs by 32.5% during the 4th quarter. State Street Corp now owns 3,099,809 shares of the company’s stock valued at $515,684,000 after buying an additional 760,358 shares in the last quarter. Geode Capital Management LLC raised its stake 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 valued at $403,598,000 after buying an additional 104,935 shares during the last quarter. Fred Alger Management LLC boosted its holdings in Astera Labs by 25.5% in the fourth quarter. Fred Alger Management LLC now owns 1,934,688 shares of the company’s stock worth $321,855,000 after acquiring an additional 393,250 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Astera Labs by 33.0% in the fourth quarter. Morgan Stanley now owns 1,934,467 shares of the company’s stock worth $321,818,000 after acquiring an additional 480,009 shares in the last quarter. Hedge funds and other institutional investors own 60.47% of the company’s stock.

Astera Labs Price Performance

ALAB opened at $417.07 on Friday. The company has a market cap of $71.49 billion, a PE ratio of 281.80, a price-to-earnings-growth ratio of 5.52 and a beta of 3.95. Astera Labs, Inc. has a twelve month low of $84.78 and a twelve month high of $421.20. The company has a 50-day moving average price of $264.43 and a 200 day moving average price of $187.34.

Astera Labs (NASDAQ:ALAB) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $292.19 million. During the same period in the previous year, the firm posted $0.33 EPS. Astera Labs’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, sell-side analysts expect that Astera Labs, Inc. will post 1.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a $270.00 price target on shares of Astera Labs in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Susquehanna lifted their target price on shares of Astera Labs from $155.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada boosted their target price on shares of Astera Labs from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, UBS Group initiated coverage on shares of Astera Labs in a research note on Tuesday, April 21st. They set a “neutral” rating and a $180.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.75.

Insider Transactions at Astera Labs

In related news, CEO Jitendra Mohan sold 28,737 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $249.62, for a total value of $7,173,329.94. Following the completion of the transaction, the chief executive officer directly owned 3,789,232 shares of the company’s stock, valued at approximately $945,868,091.84. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stefan A. Dyckerhoff sold 3,505 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $364.35, for a total value of $1,277,046.75. Following the completion of the transaction, the director owned 60,134 shares in the company, valued at $21,909,822.90. The trade was a 5.51% 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. Over the last three months, insiders sold 2,161,256 shares of company stock valued at $459,844,296. Insiders own 10.40% of the company’s stock.

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.