Astera Labs, Inc. $ALAB Shares Newly Purchased by Net Worth Advisory Group

Net Worth Advisory Group purchased a new stake in Astera Labs, Inc. (NASDAQ:ALAB) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 2,896 shares of the company’s stock, valued at approximately $1,032,000.

A number of other institutional investors have also modified their holdings of ALAB. Banque Cantonale Vaudoise boosted its stake in Astera Labs by 85.9% in the first quarter. Banque Cantonale Vaudoise now owns 6,990 shares of the company’s stock valued at $766,000 after acquiring an additional 3,229 shares during the period. Amazon Com Inc. bought a new position in shares of Astera Labs during the second quarter valued at approximately $134,172,000. Edgestream Partners L.P. acquired a new stake in shares of Astera Labs during the 1st quarter worth approximately $1,891,000. Lido Advisors LLC raised its position in shares of Astera Labs by 123.4% during the 1st quarter. Lido Advisors LLC now owns 27,477 shares of the company’s stock worth $3,012,000 after purchasing an additional 15,180 shares during the period. Finally, Strs Ohio raised its position in shares of Astera Labs by 996.3% during the 1st quarter. Strs Ohio now owns 33,086 shares of the company’s stock worth $3,626,000 after purchasing an additional 30,068 shares during the period. Institutional investors own 60.47% of the company’s stock.

Astera Labs Stock Up 0.3%

Astera Labs stock opened at $286.58 on Tuesday. The firm has a 50-day moving average price of $314.24 and a two-hundred day moving average price of $299.64. The firm has a market capitalization of $49.72 billion, a price-to-earnings ratio of 184.40 and a beta of 3.68. Astera Labs, Inc. has a 52-week low of $97.89 and a 52-week high of $499.48.

Astera Labs (NASDAQ:ALAB) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.69 by $0.11. Astera Labs had a net margin of 30.74% and a return on equity of 19.24%. The company had revenue of $392.40 million for the quarter, compared to analyst estimates of $360.85 million. During the same quarter last year, the business earned $0.44 earnings per share. Astera Labs’s revenue was up 104.5% compared to the same quarter last year. Astera Labs has set its Q3 2026 guidance at 1.160-1.210 EPS. Research analysts expect that Astera Labs, Inc. will post 2.70 earnings per share for the current year.

Insider Buying and Selling at Astera Labs

In related news, COO Sanjay Gajendra sold 90,630 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $340.35, for a total value of $30,845,920.50. Following the sale, the chief operating officer directly owned 1,119,038 shares in the company, valued at $380,864,583.30. This trade represents a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jitendra Mohan sold 90,630 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $340.35, for a total value of $30,845,920.50. Following the completion of the sale, the chief executive officer owned 1,266,665 shares in the company, valued at approximately $431,109,432.75. This represents a 6.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 408,558 shares of company stock valued at $127,306,034. 10.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on ALAB shares. Roth Capital reissued a “buy” rating and issued a $450.00 price target on shares of Astera Labs in a report on Wednesday, August 5th. Bank of America boosted their price objective on Astera Labs from $240.00 to $450.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Barclays upped their price objective on Astera Labs from $200.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Weiss Ratings raised Astera Labs from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Stifel Nicolaus increased their target price on Astera Labs from $260.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $348.33.

About Astera Labs

Astera Labs, Inc is a semiconductor and connectivity solutions company that develops hardware and software for data centers, cloud computing, and artificial intelligence infrastructure. Its products are designed to help move data between processors, memory, storage, and networking components while addressing bandwidth, latency, and system-management requirements.

The company’s portfolio includes Aries PCI Express and Compute Express Link (CXL) Smart Retimers, Taurus Ethernet Smart Cable Modules, Scorpio Smart Fabric Switches, and Leo CXL Memory Connectivity Controllers.