Astera Labs, Inc. $ALAB Shares Sold by United Capital Management of KS Inc.

United Capital Management of KS Inc. trimmed its holdings in Astera Labs, Inc. (NASDAQ:ALAB) by 10.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,413 shares of the company’s stock after selling 3,386 shares during the period. United Capital Management of KS Inc.’s holdings in Astera Labs were worth $10,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ALAB. Amazon Com Inc. purchased a new position in Astera Labs in the 2nd quarter worth approximately $134,172,000. Edgestream Partners L.P. acquired a new position in shares of Astera Labs during the 1st quarter worth approximately $1,891,000. Sanders Morris Harris LLC acquired a new position in shares of Astera Labs during the 3rd quarter worth approximately $4,821,000. Lido Advisors LLC boosted its holdings 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 last quarter. Finally, Silvant Capital Management LLC purchased a new stake in shares of Astera Labs in the second quarter valued at approximately $11,277,000. 60.47% of the stock is currently owned by institutional investors and hedge funds.

Astera Labs News Summary

Here are the key news stories impacting Astera Labs this week:

• Positive Sentiment: Shares rallied alongside a broader tech-stock surge, providing a near-term market tailwind after a sharp recent pullback. Astera Labs rallies 14% on tech stock surge
• Positive Sentiment: Strong business momentum may support investor confidence: third-quarter revenue was about $585 million, and fourth-quarter revenue guidance had a midpoint of $740 million. An analyst upgrade highlighted rising revenue per accelerator as customers adopt higher-value Scorpio switches, alongside opportunities in optical and rack-level solutions. Astera Labs Is Increasing Their Revenue Per Accelerator
• Neutral Sentiment: The rebound follows a reported 26% five-session decline despite strong earnings and guidance. Competing semiconductor companies also reported robust data-center growth, underscoring strong sector demand but keeping the competitive backdrop in focus. Astera Labs Stock Drops 26% in a Week Despite Strong Earnings
• Negative Sentiment: Director Stefan Dyckerhoff reported selling shares in two transactions at an average price of $211.41. The sales were made under a pre-arranged Rule 10b5-1 plan, which may temper their significance as a signal of his outlook. SEC Form 4 filing

Insider Buying and Selling

In other news, Director Manuel Alba sold 183,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $280.13, for a total value of $51,263,790.00. Following the transaction, the director owned 253,863 shares of the company’s stock, valued at $71,114,642.19. This represents a 41.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stefan A. Dyckerhoff sold 8,994 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $211.41, for a total value of $1,901,421.54. Following the transaction, the director owned 1,987 shares of the company’s stock, valued at approximately $420,071.67. This represents a 81.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 408,558 shares of company stock valued at $126,050,884. 10.40% of the stock is currently owned by company insiders.

Astera Labs Stock Performance

ALAB stock opened at $216.87 on Tuesday. The firm has a market cap of $37.62 billion, a PE ratio of 86.40 and a beta of 3.85. The firm’s 50 day moving average price is $299.01 and its 200-day moving average price is $256.00. Astera Labs, Inc. has a one year low of $97.89 and a one year high of $499.48.

Astera Labs (NASDAQ:ALAB) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The firm had revenue of $584.90 million for the quarter, compared to analysts’ expectations of $550.78 million. Astera Labs had a return on equity of 27.30% and a net margin of 29.64%. The firm’s quarterly revenue was up 153.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. Equities research analysts predict that Astera Labs, Inc. will post 2.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup cut Astera Labs from a “buy” rating to a “hold” rating in a report on Friday, October 9th. Roth Capital reiterated a “buy” rating and set a $450.00 price objective on shares of Astera Labs in a research report on Wednesday, August 5th. Northland Securities raised Astera Labs from a “market perform” rating to an “outperform” rating and set a $315.00 price objective on the stock in a research note on Wednesday, November 4th. BMO Capital Markets began coverage on Astera Labs in a report on Thursday, November 5th. They issued an “outperform” rating and a $375.00 target price for the company. Finally, Zacks Research cut Astera Labs from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.85.

Astera Labs Company Profile

Astera Labs, Inc is a fabless semiconductor company that develops connectivity solutions for cloud and artificial intelligence infrastructure. Its products are designed to help move data among processors, accelerators, memory and other components in high-performance computing systems.

The company’s portfolio includes Aries PCIe and CXL retimers, Taurus Ethernet smart cable modules, Scorpio fabric switches and Leo CXL memory connectivity controllers. Astera Labs also offers software tools to help customers configure and monitor its connectivity products.

Founded in 2017 and headquartered in Santa Clara, California, Astera Labs serves the global cloud and computing markets.