Astera Labs (NASDAQ:ALAB) Shares Up 3.9% – Still a Buy?

28 May 2026, 23:42 by Doug Wharley · The Cerbat Gem

Astera Labs, Inc. (NASDAQ:ALAB – Get Free Report) shares shot up 3.9% during mid-day trading on Tuesday . The company traded as high as $321.99 and last traded at $318.72. 8,097,029 shares changed hands during trading, an increase of 46% from the average session volume of 5,548,043 shares. The stock had previously closed at $306.88.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ALAB. Jefferies Financial Group reaffirmed a “buy” rating and issued a $270.00 price target on shares of Astera Labs in a research report on Wednesday, May 6th. Loop Capital began coverage on Astera Labs in a research report on Thursday, March 5th. They issued a “buy” rating and a $250.00 price target for the company. Susquehanna boosted their price target on Astera Labs from $155.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. UBS Group began coverage on Astera Labs in a research report on Tuesday, April 21st. They issued a “neutral” rating and a $180.00 price target for the company. Finally, Barclays boosted their price target on Astera Labs from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $233.75.

Check Out Our Latest Analysis on ALAB

Astera Labs Trading Up 7.3%

The firm has a market cap of $59.85 billion, a price-to-earnings ratio of 235.93, a PEG ratio of 4.31 and a beta of 3.35. The firm has a 50-day moving average of $186.48 and a two-hundred day moving average of $163.86.

Astera Labs (NASDAQ:ALAB – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $292.19 million. During the same quarter in the previous year, the firm earned $0.33 EPS. The firm’s revenue was up 93.5% compared to the same quarter last year. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. As a group, equities analysts anticipate that Astera Labs, Inc. will post 1.84 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jitendra Mohan sold 325,693 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $172.14, for a total transaction of $56,064,793.02. Following the completion of the transaction, the chief executive officer owned 4,079,322 shares of the company’s stock, valued at approximately $702,214,489.08. The trade was a 7.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sanjay Gajendra sold 400,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $290.30, for a total value of $116,120,000.00. Following the transaction, the chief operating officer directly 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 90 days, insiders sold 2,316,257 shares of company stock valued at $474,860,636. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Astera Labs

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB acquired a new position in Astera Labs during the 4th quarter worth $2,028,000. Geneva Partners LLC acquired a new position in Astera Labs during the 3rd quarter worth $1,876,000. Numerai GP LLC lifted its holdings in Astera Labs by 153.1% during the 3rd quarter. Numerai GP LLC now owns 13,212 shares of the company’s stock worth $2,587,000 after buying an additional 7,992 shares in the last quarter. Swedbank AB lifted its holdings in Astera Labs by 76.8% during the 4th quarter. Swedbank AB now owns 78,140 shares of the company’s stock worth $12,999,000 after buying an additional 33,940 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Astera Labs by 289.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 126,200 shares of the company’s stock worth $24,710,000 after buying an additional 93,800 shares in the last quarter. 60.47% of the stock is currently owned by institutional investors.

About Astera Labs

(Get Free Report)

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.