Stefan Dyckerhoff Sells 8,994 Shares of Astera Labs (NASDAQ:ALAB) Stock

Astera Labs, Inc. (NASDAQ:ALAB) Director Stefan Dyckerhoff sold 8,994 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $200.03, for a total transaction of $1,799,069.82. Following the sale, the director directly owned 5,953 shares in the company, valued at $1,190,778.59. This represents a 60.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Astera Labs Stock Performance

Shares of NASDAQ ALAB traded up $7.56 during mid-day trading on Monday, hitting $207.35. 5,600,886 shares of the stock were exchanged, compared to its average volume of 6,128,509. Astera Labs, Inc. has a twelve month low of $76.53 and a twelve month high of $262.90. The stock’s fifty day simple moving average is $143.77 and its two-hundred day simple moving average is $153.99. The company has a market cap of $35.54 billion, a P/E ratio of 147.99, a PEG ratio of 3.30 and a beta of 3.35.

Astera Labs (NASDAQ:ALAB) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. Astera Labs had a return on equity of 18.49% and a net margin of 26.72%.The business had revenue of $308.36 million for the quarter, compared to analyst estimates of $292.19 million. During the same period in the prior year, the company earned $0.33 EPS. Astera Labs’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. As a group, equities research analysts predict that Astera Labs, Inc. will post 1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALAB. TD Cowen raised their target price on Astera Labs from $140.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Citigroup upped their price target on shares of Astera Labs from $200.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Stifel Nicolaus increased their price objective on shares of Astera Labs from $236.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Jefferies Financial Group restated a “buy” rating and issued a $270.00 price objective on shares of Astera Labs in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their target price on shares of Astera Labs from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Fifteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $229.65.

Hedge Funds Weigh In On Astera Labs

Several large investors have recently made changes to their positions in ALAB. Assetmark Inc. boosted its holdings in Astera Labs by 374.1% in the third quarter. Assetmark Inc. now owns 128 shares of the company’s stock valued at $25,000 after acquiring an additional 101 shares during the last quarter. Reflection Asset Management bought a new stake in Astera Labs during the 4th quarter worth about $25,000. Smartleaf Asset Management LLC lifted its position in Astera Labs by 422.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock valued at $32,000 after purchasing an additional 152 shares during the period. Hilltop National Bank lifted its position in Astera Labs by 100.0% during the 4th quarter. Hilltop National Bank now owns 200 shares of the company’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Finally, Aventura Private Wealth LLC bought a new position in shares of Astera Labs in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 60.47% of the company’s stock.

Astera Labs Company 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.