Astera Labs (NASDAQ:ALAB) Director Manuel Alba Sells 136,974 Shares of Stock

Astera Labs, Inc. (NASDAQ:ALAB) Director Manuel Alba sold 136,974 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $442.01, for a total transaction of $60,543,877.74. Following the transaction, the director directly owned 1,287,524 shares of the company’s stock, valued at $569,098,483.24. The trade was a 9.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Manuel Alba also recently made the following trade(s):

• On Wednesday, July 1st, Manuel Alba sold 37,535 shares of Astera Labs stock. The shares were sold at an average price of $447.39, for a total value of $16,792,783.65.
• On Wednesday, July 1st, Manuel Alba sold 8,491 shares of Astera Labs stock. The stock was sold at an average price of $458.38, for a total value of $3,892,104.58.

Astera Labs Stock Performance

Shares of NASDAQ ALAB opened at $432.74 on Tuesday. The company has a market capitalization of $74.18 billion, a P/E ratio of 301.05, a price-to-earnings-growth ratio of 4.66 and a beta of 3.66. Astera Labs, Inc. has a 52-week low of $88.18 and a 52-week high of $499.48. The company’s 50 day moving average price is $314.72 and its 200-day moving average price is $205.99.

Astera Labs (NASDAQ:ALAB) last announced its earnings results on Tuesday, May 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.54 by $0.07. The company had revenue of $308.36 million for the quarter, compared to analyst estimates of $292.19 million. Astera Labs had a return on equity of 18.49% and a net margin of 26.72%.The firm’s revenue for the quarter was up 93.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. Analysts forecast that Astera Labs, Inc. will post 1.84 earnings per share for the current year.

Analyst Ratings Changes

ALAB has been the subject of several research reports. Jefferies Financial Group reissued a “buy” rating and issued a $270.00 price target on shares of Astera Labs in a research report on Wednesday, May 6th. Stifel Nicolaus boosted their price objective on Astera Labs from $260.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Northland Securities downgraded Astera Labs from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 26th. Roth Mkm reissued a “buy” rating and set a $275.00 price target on shares of Astera Labs in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Astera Labs from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Twelve equities research 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, Astera Labs presently has a consensus rating of “Moderate Buy” and an average price target of $265.75.

Institutional Trading of Astera Labs

A number of institutional investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA boosted its stake in Astera Labs by 2.7% in the 1st quarter. Glenmede Trust Co. NA now owns 1,909 shares of the company’s stock worth $209,000 after purchasing an additional 51 shares during the period. Lido Advisors LLC increased its position in shares of Astera Labs by 0.5% during the fourth quarter. Lido Advisors LLC now owns 12,297 shares of the company’s stock valued at $2,046,000 after buying an additional 57 shares during the period. Perigon Wealth Management LLC lifted its holdings in shares of Astera Labs by 6.2% in the fourth quarter. Perigon Wealth Management LLC now owns 1,252 shares of the company’s stock worth $208,000 after buying an additional 73 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Astera Labs by 9.2% in the fourth quarter. Sound Income Strategies LLC now owns 902 shares of the company’s stock valued at $164,000 after acquiring an additional 76 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Astera Labs by 2.6% in the fourth quarter. Venturi Wealth Management LLC now owns 3,284 shares of the company’s stock valued at $546,000 after acquiring an additional 84 shares during the period. Hedge funds and other institutional investors own 60.47% of the company’s stock.

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.