IFM Investors Pty Ltd Purchases 1,469 Shares of Astera Labs, Inc. $ALAB

IFM Investors Pty Ltd grew its position in Astera Labs, Inc. (NASDAQ:ALAB) by 5.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 26,195 shares of the company’s stock after purchasing an additional 1,469 shares during the period. IFM Investors Pty Ltd’s holdings in Astera Labs were worth $2,871,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Redwood Wealth Management Group LLC boosted its holdings in Astera Labs by 17.0% in the first quarter. Redwood Wealth Management Group LLC now owns 2,610 shares of the company’s stock valued at $286,000 after acquiring an additional 380 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ raised its holdings in Astera Labs by 0.6% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 44,037 shares of the company’s stock worth $4,826,000 after purchasing an additional 254 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Astera Labs by 483.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,799 shares of the company’s stock valued at $2,170,000 after purchasing an additional 16,407 shares during the period. Trilogy Capital Inc. lifted its position in Astera Labs by 23.3% during the 1st quarter. Trilogy Capital Inc. now owns 6,600 shares of the company’s stock valued at $723,000 after purchasing an additional 1,249 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in shares of Astera Labs by 525.7% in the 1st quarter. Sterling Capital Management LLC now owns 5,644 shares of the company’s stock valued at $619,000 after purchasing an additional 4,742 shares during the last quarter. Institutional investors own 60.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ALAB shares. Morgan Stanley lifted their price target on shares of Astera Labs from $210.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Needham & Company LLC raised their price objective on shares of Astera Labs from $220.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Barclays lifted their target price on shares of Astera Labs from $165.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. UBS Group upped their target price on shares of Astera Labs from $205.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Finally, Evercore reissued an “outperform” rating and issued a $297.00 price target on shares of Astera Labs in a research note on Tuesday, May 19th. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $265.75.

Astera Labs Stock Performance

NASDAQ ALAB opened at $406.42 on Friday. The business has a 50 day simple moving average of $314.72 and a 200 day simple moving average of $205.55. Astera Labs, Inc. has a 52-week low of $88.18 and a 52-week high of $499.48. The stock has a market cap of $69.66 billion, a price-to-earnings ratio of 274.61, a PEG ratio of 4.66 and a beta of 3.66.

Astera Labs (NASDAQ:ALAB) last announced its quarterly earnings results 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. The firm had revenue of $308.36 million for the quarter, compared to analyst estimates of $292.19 million. Astera Labs had a net margin of 26.72% and a return on equity of 18.49%. The business’s revenue was up 93.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. On average, analysts predict that Astera Labs, Inc. will post 1.84 EPS for the current year.

Insider Buying and Selling at Astera Labs

In related news, COO Sanjay Gajendra sold 400,000 shares of the business’s stock in a transaction 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 sale, the chief operating officer directly owned 5,064,213 shares of the company’s stock, valued at approximately $1,470,141,033.90. The trade was a 7.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stefan A. Dyckerhoff sold 3,505 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $450.00, for a total transaction of $1,577,250.00. Following the completion of the transaction, the director directly owned 57,466 shares of the company’s stock, valued at approximately $25,859,700. The trade was a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,981,441 shares of company stock valued at $444,969,514 over the last quarter. 10.40% of the stock is currently owned by corporate insiders.

About Astera Labs

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.