Wilmington Savings Fund Society FSB Purchases 9,907 Shares of Astera Labs, Inc. (NASDAQ:ALAB)

Wilmington Savings Fund Society FSB grew its holdings in Astera Labs, Inc. (NASDAQ:ALAB) by 24,767.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,947 shares of the company’s stock after acquiring an additional 9,907 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Astera Labs were worth $1,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ALAB. Geneos Wealth Management Inc. bought a new stake in Astera Labs in the 4th quarter valued at about $36,000. ORG Wealth Partners LLC acquired a new stake in shares of Astera Labs in the fourth quarter valued at approximately $42,000. Hollencrest Capital Management bought a new stake in shares of Astera Labs in the third quarter valued at approximately $26,000. GAMMA Investing LLC grew its position in Astera Labs by 78.3% during the fourth quarter. GAMMA Investing LLC now owns 510 shares of the company’s stock worth $68,000 after buying an additional 224 shares in the last quarter. Finally, Berbice Capital Management LLC bought a new position in Astera Labs during the 4th quarter worth $86,000. 60.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Astera Labs

In other news, Director Stefan A. Dyckerhoff sold 197,297 shares of Astera Labs stock in a transaction on Monday, November 18th. The shares were sold at an average price of $90.51, for a total transaction of $17,857,351.47. Following the transaction, the director now owns 6,148 shares in the company, valued at approximately $556,455.48. The trade was a 96.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Philip Mazzara sold 2,513 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $90.81, for a total value of $228,205.53. Following the completion of the sale, the general counsel now owns 248,745 shares of the company’s stock, valued at $22,588,533.45. The trade was a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 846,452 shares of company stock worth $86,427,256.

Astera Labs Stock Performance

Shares of ALAB stock opened at $101.29 on Monday. Astera Labs, Inc. has a twelve month low of $36.22 and a twelve month high of $147.39. The stock’s fifty day simple moving average is $122.39 and its 200 day simple moving average is $81.91.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ALAB shares. Craig Hallum upped their target price on Astera Labs from $75.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Northland Capmk upgraded shares of Astera Labs from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 28th. Barclays boosted their target price on shares of Astera Labs from $87.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Stifel Nicolaus increased their price target on shares of Astera Labs from $100.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Astera Labs from $60.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $107.42.

Astera Labs Company Profile

Astera Labs, Inc designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale.