Harbour Trust & Investment Management Co Acquires 3,160 Shares of Astera Labs, Inc. $ALAB

Harbour Trust & Investment Management Co boosted its holdings in shares of Astera Labs, Inc. (NASDAQ:ALAB) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,233 shares of the company’s stock after buying an additional 3,160 shares during the quarter. Astera Labs comprises 1.6% of Harbour Trust & Investment Management Co’s portfolio, making the stock its 19th biggest holding. Harbour Trust & Investment Management Co’s holdings in Astera Labs were worth $16,814,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ALAB. Bosman Wealth Management LLC raised its holdings in Astera Labs by 53.7% during the third quarter. Bosman Wealth Management LLC now owns 3,739 shares of the company’s stock valued at $1,331,000 after buying an additional 1,306 shares in the last quarter. Choreo LLC lifted its position in shares of Astera Labs by 13.5% in the third quarter. Choreo LLC now owns 2,406 shares of the company’s stock worth $857,000 after buying an additional 286 shares during the last quarter. Interchange Capital Partners LLC lifted its position in shares of Astera Labs by 4.4% in the third quarter. Interchange Capital Partners LLC now owns 1,187 shares of the company’s stock worth $423,000 after buying an additional 50 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in shares of Astera Labs by 11.3% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 8,746 shares of the company’s stock worth $3,130,000 after acquiring an additional 885 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Astera Labs by 3.4% during the 3rd quarter. D.A. Davidson & CO. now owns 3,333 shares of the company’s stock worth $1,186,000 after acquiring an additional 111 shares in the last quarter. 60.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Astera Labs news, General Counsel Philip Mazzara sold 6,801 shares of Astera Labs stock in a transaction on Monday, August 17th. The stock was sold at an average price of $340.50, for a total transaction of $2,315,740.50. Following the completion of the transaction, the general counsel directly owned 96,542 shares of the company’s stock, valued at approximately $32,872,551. This trade represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $340.35, for a total transaction 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 $431,109,432.75. This represents a 6.68% decrease in their position. 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. Over the last ninety days, insiders sold 408,558 shares of company stock valued at $127,306,034. 10.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Zacks Research downgraded Astera Labs from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Needham & Company LLC upped their target price on Astera Labs from $260.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Northland Securities downgraded Astera Labs from an “outperform” rating to a “market perform” rating in a report on Friday, October 9th. Roth Capital reissued a “buy” rating and issued a $450.00 price target on shares of Astera Labs in a research report on Wednesday, August 5th. Finally, Susquehanna lifted their price target on shares of Astera Labs from $230.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.79.

Astera Labs Trading Down 2.3%

Shares of NASDAQ ALAB opened at $290.43 on Friday. The firm has a market capitalization of $50.39 billion, a price-to-earnings ratio of 143.78 and a beta of 3.68. Astera Labs, Inc. has a one year low of $97.89 and a one year high of $499.48. The business has a fifty day simple moving average of $308.75 and a 200 day simple moving average of $254.55.

Astera Labs (NASDAQ:ALAB) last posted its earnings results on Tuesday, August 4th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. Astera Labs had a net margin of 30.74% and a return on equity of 19.24%. The business had revenue of $392.40 million for the quarter, compared to analysts’ expectations of $360.85 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was up 104.5% on a year-over-year basis. Astera Labs has set its Q3 2026 guidance at 1.160-1.210 EPS. On average, research analysts anticipate that Astera Labs, Inc. will post 2.71 earnings per share for the current fiscal year.

Astera Labs Company Profile

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.