Astera Labs (ALAB)

• Market cap: $18.3B
• 1 day: -1.06%
• 5 days: 8.99%
• 1 month: 65.50%
• 3 months: 176.49%
• 6 months: 88.32%
• Year to date: 85.83%
• 1 year: 85.83%
• 5 years: 85.83%
• 10 years: 85.83%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

About: Astera Labs Inc is a company that offers an Intelligent Connectivity Platform, comprised of Semiconductor-based, high-speed mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors. COSMOS, their software suite which is embedded in its connectivity products and integrated into their customers' systems. The Company delivers critical connectivity performance, enables flexibility and customization, and supports observability and predictive analytics. This approach addresses the data, network, and memory bottlenecks, scalability, and other infrastructure requirements of hyperscalers and system original equipment manufacturers.

Employees: 267

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

352% more first-time investments, than exits

New positions opened: 122 | Existing positions closed: 27

174% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 27

141% more call options, than puts

Call options by funds: $250M | Put options by funds: $104M

65% more funds holding

Funds holding: 146 [Q2] → 241 (+95) [Q3]

50% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 6 (+2) [Q3]

23% more capital invested

Capital invested by funds: $3.13B [Q2] → $3.85B (+$716M) [Q3]

13.87% more ownership

Funds ownership: 33.26% [Q2] → 47.14% (+13.87%) [Q3]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $65 44% downside
• Avg. target: $96 17% downside
• High target: $120 4% upside

10 analyst ratings

• positive: 10 100%
• neutral: 0 0%
• negative: 0 0%

Citigroup Atif Malik 58% 1-year accuracy 25 / 43 met price target	4% upside $120	Buy Initiated	18 Nov 2024
Roth MKM Suji Desilva 55% 1-year accuracy 12 / 22 met price target	9% downside $105	Buy Maintained	5 Nov 2024
Morgan Stanley Joseph Moore 72% 1-year accuracy 28 / 39 met price target	18% downside $94	Overweight Maintained	5 Nov 2024
Stifel Tore Svanberg 64% 1-year accuracy 25 / 39 met price target	13% downside $100	Buy Maintained	5 Nov 2024
JP Morgan Harlan Sur 48% 1-year accuracy 15 / 31 met price target	5% downside $110	Overweight Maintained	5 Nov 2024