WT Asset Management Ltd Acquires Shares of 178,711 Astera Labs, Inc. $ALAB

WT Asset Management Ltd acquired a new position in shares of Astera Labs, Inc. (NASDAQ:ALAB) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 178,711 shares of the company’s stock, valued at approximately $86,321,000. Astera Labs comprises approximately 1.7% of WT Asset Management Ltd’s investment portfolio, making the stock its 15th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its holdings in Astera Labs by 167.3% in the first quarter. Royal Bank of Canada now owns 152,453 shares of the company’s stock valued at $9,097,000 after buying an additional 95,409 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Astera Labs by 213.4% during the 1st quarter. AQR Capital Management LLC now owns 11,391 shares of the company’s stock worth $680,000 after buying an additional 7,756 shares during the last quarter. Empowered Funds LLC grew its position in shares of Astera Labs by 917.3% in the 1st quarter. Empowered Funds LLC now owns 4,639 shares of the company’s stock worth $277,000 after acquiring an additional 4,183 shares in the last quarter. First Trust Advisors LP grew its position in shares of Astera Labs by 102.0% in the 2nd quarter. First Trust Advisors LP now owns 112,766 shares of the company’s stock worth $10,196,000 after acquiring an additional 56,952 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Astera Labs by 54.9% in the 2nd quarter. Brown Advisory Inc. now owns 5,581 shares of the company’s stock valued at $505,000 after acquiring an additional 1,977 shares during the last quarter. Institutional investors own 60.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ALAB shares. Jefferies Financial Group upped their price target on Astera Labs from $270.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Astera Labs from $425.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Needham & Company LLC increased their target price on shares of Astera Labs from $260.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Rothschild & Co Redburn started coverage on shares of Astera Labs in a research report on Friday, May 1st. They issued a “neutral” rating and a $153.00 price target on the stock. Finally, Morgan Stanley lifted their price target on shares of Astera Labs to $335.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.00.

Astera Labs Trading Down 0.4%

Shares of NASDAQ ALAB opened at $320.17 on Tuesday. The company has a market cap of $55.55 billion, a price-to-earnings ratio of 158.50 and a beta of 3.84. Astera Labs, Inc. has a 12-month low of $97.89 and a 12-month high of $499.48. The stock’s 50 day simple moving average is $357.48 and its 200 day simple moving average is $241.79.

Astera Labs (NASDAQ:ALAB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of $392.40 million during the quarter, compared to analyst estimates of $360.85 million. Astera Labs had a return on equity of 19.24% and a net margin of 30.74%.The business’s revenue for the quarter was up 104.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. Astera Labs has set its Q3 2026 guidance at 1.160-1.210 EPS. As a group, equities analysts forecast that Astera Labs, Inc. will post 2.7 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Stefan A. Dyckerhoff sold 8,994 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $364.35, for a total transaction of $3,276,963.90. Following the completion of the transaction, the director owned 5,292 shares of the company’s stock, valued at approximately $1,928,140.20. The trade was a 62.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Gajendra sold 400,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $290.30, for a total transaction of $116,120,000.00. Following the transaction, the chief operating officer owned 5,064,213 shares of the company’s stock, valued at $1,470,141,033.90. This represents a 7.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 631,979 shares of company stock worth $215,479,247. 10.40% of the stock is owned by insiders.

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.