Astera LabsALAB
Market Cap: $6.48B
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 Q2 SEC filings by fund managers ($100M+ AUM)
64% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 22
57% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 47
23% more funds holding
Funds holding: 118 [Q1] → 145 (+27) [Q2]
6.73% more ownership
Funds ownership: 25.97% [Q1] → 32.69% (+6.73%) [Q2]
2% less capital invested
Capital invested by funds: $3.15B [Q1] → $3.08B (-$67.5M) [Q2]
8% less call options, than puts
Call options by funds: $69.2M | Put options by funds: $75.4M
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Morgan Stanley Joseph Moore 47% 1-year accuracy 20 / 43 met price target | 33%upside $55 | Overweight Upgraded | 4 Sept 2024 |
JP Morgan Harlan Sur 50% 1-year accuracy 13 / 26 met price target | 69%upside $70 | Overweight Maintained | 7 Aug 2024 |
Deutsche Bank Ross Seymore 23% 1-year accuracy 3 / 13 met price target | 45%upside $60 | Buy Maintained | 7 Aug 2024 |
Roth MKM Suji Desilva 37% 1-year accuracy 13 / 35 met price target | 45%upside $60 | Buy Maintained | 7 Aug 2024 |
Barclays Tom O'Malley 55% 1-year accuracy 18 / 33 met price target | 69%upside $70 | Overweight Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 7 articles about ALAB published over the past 30 days