Astera Labs (NASDAQ:ALAB) Shares Down 5.6% – What’s Next?

Astera Labs, Inc. (NASDAQ:ALAB)’s stock price fell 5.6% during trading on Wednesday . The stock traded as low as $174.34 and last traded at $173.4750. 1,976,846 shares were traded during trading, a decline of 59% from the average session volume of 4,872,902 shares. The stock had previously closed at $183.75.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Northland Securities boosted their target price on Astera Labs from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 price objective on shares of Astera Labs in a research report on Wednesday, December 3rd. BNP Paribas Exane started coverage on Astera Labs in a research report on Thursday, November 20th. They set an “outperform” rating for the company. Needham & Company LLC upped their price target on shares of Astera Labs from $205.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Astera Labs in a research note on Wednesday. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.63.

Astera Labs Stock Down 3.8%

The company has a market cap of $28.66 billion, a P/E ratio of 152.85, a P/E/G ratio of 2.41 and a beta of 1.50. The business’s 50 day moving average is $161.80 and its 200 day moving average is $168.80.

Astera Labs (NASDAQ:ALAB) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.39 by $0.10. Astera Labs had a net margin of 27.50% and a return on equity of 13.48%. The firm had revenue of $230.58 million during the quarter, compared to analyst estimates of $206.42 million. During the same quarter in the previous year, the business posted $0.23 EPS. Astera Labs’s revenue was up 103.9% on a year-over-year basis. Astera Labs has set its Q4 2025 guidance at 0.50-0.510 EPS. As a group, equities research analysts forecast that Astera Labs, Inc. will post 0.34 EPS for the current year.

Insider Activity at Astera Labs

In related news, COO Sanjay Gajendra sold 90,459 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $144.69, for a total transaction of $13,088,512.71. Following the sale, the chief operating officer owned 1,599,750 shares in the company, valued at approximately $231,467,827.50. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Philip Mazzara sold 4,620 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $144.69, for a total transaction of $668,467.80. Following the transaction, the general counsel owned 147,040 shares of the company’s stock, valued at $21,275,217.60. This represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 576,936 shares of company stock valued at $87,409,540 in the last 90 days. 12.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Astera Labs

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Perigon Wealth Management LLC increased its position in shares of Astera Labs by 6.2% during the fourth quarter. Perigon Wealth Management LLC now owns 1,252 shares of the company’s stock worth $208,000 after acquiring an additional 73 shares during the period. Clearstead Advisors LLC boosted its holdings in Astera Labs by 13.6% in the third quarter. Clearstead Advisors LLC now owns 636 shares of the company’s stock valued at $125,000 after purchasing an additional 76 shares during the period. Sound Income Strategies LLC grew its stake in Astera Labs by 9.2% during the 4th quarter. Sound Income Strategies LLC now owns 902 shares of the company’s stock worth $164,000 after purchasing an additional 76 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Astera Labs by 2.6% during the 4th quarter. Venturi Wealth Management LLC now owns 3,284 shares of the company’s stock worth $546,000 after purchasing an additional 84 shares during the period. Finally, Great Valley Advisor Group Inc. raised its position in Astera Labs by 2.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 4,119 shares of the company’s stock valued at $372,000 after purchasing an additional 90 shares in the last quarter. 60.47% of the stock is currently owned by hedge funds and other institutional investors.

About Astera Labs

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.