Illinois Municipal Retirement Fund Buys 5,258 Shares of Astera Labs, Inc. $ALAB

Illinois Municipal Retirement Fund lifted its stake in Astera Labs, Inc. (NASDAQ:ALAB) by 19.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 32,819 shares of the company’s stock after buying an additional 5,258 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Astera Labs were worth $11,683,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Astera Labs during the second quarter valued at about $6,609,581,000. ABS Investment Management LLC bought a new position in Astera Labs in the second quarter worth about $1,980,382,000. Van ECK Associates Corp raised its stake in Astera Labs by 20.0% in the second quarter. Van ECK Associates Corp now owns 2,237,961 shares of the company’s stock worth $1,080,980,000 after buying an additional 373,545 shares in the last quarter. Bank of America Corp DE bought a new position in Astera Labs in the second quarter worth about $1,061,791,000. Finally, Atreides Management LP purchased a new stake in Astera Labs in the second quarter worth about $587,736,000. Institutional investors own 60.47% of the company’s stock.

Trending Headlines about Astera Labs

These are some of the ALAB headlines that stood out recently:

• Positive Sentiment: Northland raised its FY2026 EPS estimate to $2.99 from $2.75 and its Q4 2026 estimate to $1.25 from $1.09, while maintaining an Outperform rating and $315 price target. Analyst estimate details
• Neutral Sentiment: Astera Labs announced it will participate in the BMO Technology and Innovation Leaders Conference on Nov. 12. The announcement provides a forum for company updates but did not disclose new business or financial information. Conference announcement
• Negative Sentiment: Northland cut its FY2027 EPS forecast to $4.79 from $5.43 and lowered several quarterly 2027 estimates, including Q2–Q4. These reductions suggest a more cautious earnings outlook, despite the firm retaining its Outperform rating and $315 target. Analyst estimate details

Analyst Upgrades and Downgrades

Several analysts have weighed in on ALAB shares. Roth Capital reaffirmed a “buy” rating and set a $450.00 price objective on shares of Astera Labs in a research report on Wednesday, August 5th. Needham & Company LLC reduced their target price on Astera Labs from $425.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Barclays increased their target price on Astera Labs from $200.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. BMO Capital Markets initiated coverage on Astera Labs in a research note on Thursday, November 5th. They issued an “outperform” rating and a $375.00 target price for the company. Finally, Northland Securities upgraded Astera Labs from a “market perform” rating to an “outperform” rating and set a $315.00 price target on the stock in a research report on Wednesday, November 4th. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $320.85.

Insider Buying and Selling at Astera Labs

In other news, Director Manuel Alba sold 183,000 shares of Astera Labs stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $280.13, for a total transaction of $51,263,790.00. Following the completion of the transaction, the director directly owned 253,863 shares in the company, valued at approximately $71,114,642.19. This trade represents a 41.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jitendra Mohan sold 90,630 shares of Astera Labs stock in a transaction that occurred 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 transaction, the chief executive officer owned 1,266,665 shares of the company’s stock, valued at $431,109,432.75. The trade was a 6.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 408,558 shares of company stock valued at $126,050,884. 10.40% of the stock is currently owned by company insiders.

Astera Labs Price Performance

Shares of Astera Labs stock opened at $230.91 on Thursday. The company has a 50-day moving average of $296.41 and a 200 day moving average of $256.51. The firm has a market cap of $40.36 billion, a price-to-earnings ratio of 92.00 and a beta of 3.85. Astera Labs, Inc. has a 1 year low of $97.89 and a 1 year high of $499.48.

Astera Labs (NASDAQ:ALAB) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. Astera Labs had a net margin of 29.64% and a return on equity of 25.35%. The company had revenue of $584.90 million during the quarter, compared to analysts’ expectations of $550.78 million. During the same period last year, the company posted $0.49 EPS. Astera Labs’s revenue was up 153.6% on a year-over-year basis. On average, equities analysts anticipate that Astera Labs, Inc. will post 2.99 EPS for the current year.

Astera Labs Company Profile

Astera Labs, Inc. is a fabless semiconductor company that develops connectivity solutions for cloud and artificial intelligence infrastructure. Its products are designed to help move data among processors, accelerators, memory and other components in high-performance computing systems. The company’s portfolio includes Aries PCIe and CXL retimers, Taurus Ethernet smart cable modules, Scorpio fabric switches and Leo CXL memory connectivity controllers. Astera Labs also offers software tools to help customers configure and monitor its connectivity products.