Entropy Technologies LP Takes $2.89 Million Position in Astera Labs, Inc. $ALAB

Entropy Technologies LP bought a new position in Astera Labs, Inc. (NASDAQ:ALAB) during the 1st quarter, Holdings Channel reports. The firm bought 26,382 shares of the company’s stock, valued at approximately $2,891,000.

Other large investors have also bought and sold shares of the company. Reflection Asset Management acquired a new stake in Astera Labs during the 4th quarter valued at $25,000. Smartleaf Asset Management LLC boosted its stake 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. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Astera Labs during the fourth quarter worth $33,000. Whipplewood Advisors LLC grew its holdings in shares of Astera Labs by 15,950.0% during the first quarter. Whipplewood Advisors LLC now owns 321 shares of the company’s stock worth $35,000 after purchasing an additional 319 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Astera Labs by 78.9% during the fourth quarter. Assetmark Inc. now owns 229 shares of the company’s stock worth $38,000 after purchasing an additional 101 shares during the last quarter. 60.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ALAB. Citigroup lowered Astera Labs from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reiterated a “buy” rating and set a $270.00 price target on shares of Astera Labs in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased 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. Susquehanna raised their price objective on shares of Astera Labs from $155.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Roth Capital restated a “buy” rating and set a $275.00 target price on shares of Astera Labs in a research report on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $282.00.

Insider Buying and Selling

In other Astera Labs news, COO Sanjay Gajendra sold 400,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jitendra Mohan sold 139,951 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $200.16, for a total transaction of $28,012,592.16. Following the transaction, the chief executive officer owned 3,929,183 shares of the company’s stock, valued at $786,465,269.28. The trade was a 3.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,676,845 shares of company stock valued at $444,928,806. Company insiders own 10.40% of the company’s stock.

Astera Labs Stock Performance

ALAB opened at $291.58 on Monday. The firm has a market cap of $49.98 billion, a PE ratio of 197.01, a price-to-earnings-growth ratio of 3.38 and a beta of 3.66. Astera Labs, Inc. has a twelve month low of $97.89 and a twelve month high of $499.48. The firm’s fifty day moving average is $358.95 and its two-hundred day moving average is $226.07.

Astera Labs (NASDAQ:ALAB) last posted its earnings results on Tuesday, May 5th. The company reported $0.61 earnings per share 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 firm had revenue of $308.36 million for the quarter, compared to analyst estimates of $292.19 million. During the same period in the previous year, the company posted $0.33 earnings per share. The company’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. Equities analysts forecast that Astera Labs, Inc. will post 1.86 EPS for the current fiscal 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.