Hoey Investments Inc. Sells 2,335 Shares of Astera Labs, Inc. $ALAB

Hoey Investments Inc. decreased its position in Astera Labs, Inc. (NASDAQ:ALAB) by 31.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,117 shares of the company’s stock after selling 2,335 shares during the period. Hoey Investments Inc.’s holdings in Astera Labs were worth $561,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Reflection Asset Management bought a new position in Astera Labs during the 4th quarter valued at approximately $25,000. Smartleaf Asset Management LLC raised its holdings in Astera Labs by 422.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock worth $32,000 after purchasing an additional 152 shares in the last quarter. Hilltop National Bank lifted its position in Astera Labs by 100.0% during the fourth quarter. Hilltop National Bank now owns 200 shares of the company’s stock valued at $33,000 after buying an additional 100 shares during the period. Aventura Private Wealth LLC purchased a new position in Astera Labs during the fourth quarter valued at $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Astera Labs during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 60.47% of the company’s stock.

Analyst Ratings Changes

ALAB has been the topic of a number of recent research reports. Susquehanna upped their target price on shares of Astera Labs from $155.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Bank of America boosted their price objective on shares of Astera Labs from $240.00 to $450.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. upped their price objective on shares of Astera Labs from $205.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Evercore reaffirmed an “outperform” rating and set a $297.00 target price on shares of Astera Labs in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Twelve investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $265.75.

Insider Transactions at Astera Labs

In other news, COO Sanjay Gajendra sold 400,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $290.30, for a total transaction of $116,120,000.00. Following the transaction, the chief operating officer directly owned 5,064,213 shares of the company’s stock, valued at $1,470,141,033.90. This represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel Alba sold 136,974 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $442.01, for a total value of $60,543,877.74. Following the sale, the director directly owned 1,287,524 shares in the company, valued at $569,098,483.24. This trade represents a 9.62% decrease in their ownership of the stock. 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 sold 2,164,441 shares of company stock worth $526,198,280 over the last quarter. 10.40% of the stock is currently owned by insiders.

Astera Labs Stock Performance

NASDAQ:ALAB opened at $394.45 on Tuesday. The firm has a market cap of $67.61 billion, a P/E ratio of 269.91, a P/E/G ratio of 4.66 and a beta of 3.66. Astera Labs, Inc. has a fifty-two week low of $88.18 and a fifty-two week high of $499.48. The firm has a 50-day simple moving average of $314.72 and a two-hundred day simple moving average of $205.99.

Astera Labs (NASDAQ:ALAB) last issued its earnings results 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. The firm had revenue of $308.36 million for the quarter, compared to the consensus estimate 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 prior 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, equities research analysts predict that Astera Labs, Inc. will post 1.84 EPS for the current year.

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.