BNP Paribas Asset Management Holding S.A. 13F: Adds $28M to ALAB Stake
BNP Paribas Asset Management Holding S.A. raised its holdings in Astera Labs, Inc. during the period, adding 57,214 shares to its portfolio.
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BNP Paribas Asset Management Holding S.A. added 57,214 shares to its stake in Astera Labs, Inc. ($ALAB), a 30.71% increase, according to a 13F filing with the SEC dated May 14, 2026. It reported 243,543 shares worth $120.41 million at the end of the quarter.
Since the filing, $ALAB is up 30.3% after 1 week, up 70.2% after 1 month and up 25.0% to date (from the $228.64 close on May 14, 2026).
Find the original: BNP Paribas Asset Management Holding S.A. 13F filings on SEC EDGAR
ALAB
Astera Labs, Inc.
Key Points
- BNP Paribas Asset Management Holding S.A. raised its stake in Astera Labs, Inc. (NasdaqGS: ALAB) by 30.7%, adding 57,214 shares to bring its total holding to 243,543 shares.
- The institutional filing values the fund's end-of-period position at roughly $120.4 million, based on holdings reported for the period ending May 14, 2026.
- Astera Labs shares traded near $494.40 on Friday, backed by a forward P/E ratio of 47.2 and strong analyst sentiment.
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BNP Paribas Asset Management Raises Astera Labs Stock Stake
BNP Paribas Asset Management Holding S.A. added to its holdings in Astera Labs, Inc. (NasdaqGS: ALAB), according to a recent Form 13F filing with the SEC. The filing reflects holdings as of the reporting period and may not represent the investor's current position today. The fund boosted its position by buying 57,214 shares during the period, marking a 30.7% increase from the prior quarter. That brings the fund's total stake to 243,543 shares.
BNP Paribas Asset Management Holding S.A. vs. the S&P 500
Hypothetical returns from BNP Paribas Asset Management Holding S.A.'s disclosed trades, not real profit or advice. How we model this.
Position Value Climbs on Share Growth
The added shares pushed the total value of the fund's investment in Astera Labs to about $120.4 million. This move follows a period of active portfolio adjustments among institutional investors tracking the semiconductor firm. Because 13F filings look backward, this report captures portfolio choices made as of May 14, 2026, and does not account for subsequent market trades.
Astera Labs Stock Trades Near Highs
Astera Labs shares changed hands around $494.40 on Friday. The company trades close to its 52-week high of $499.48, well above its 200-day moving average of $248.58. The stock carries a forward P/E ratio of 47.2 based on earnings estimates.
Recent Earnings Highlight Growth
Astera Labs reported annual revenue of $1.20 billion alongside revenue growth of 104.5%. The company posted an earnings per share figure of $2.03, supported by a net margin of 30.7% and a return on equity of 25.8%. Its next quarterly earnings report is scheduled for November 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 11.6%. Revenue beat estimates by 3.5%.
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Profit surprise
EBITDA missed by 34 percent. Operating income missed by 40 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
10 target raises.
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Earnings quality
Gross margin up 1.4 points. Operating margin up 13.0 points.
Earnings Call Summary
Astera Labs delivered strong Q1 results with revenue of $308 million, up 93 percent year over year, driven by broad growth across signal conditioning and fabric switch products. PCIe Gen 6 products contributed over one third of total revenue. The company shipped initial production volumes of the new Scorpio X 320-lane switch and is expanding optical capabilities through the XScale acquisition, with near-package optics expected to ship in 2027 and chiplet-package optics in 2028.
Guidance Management expects revenue between $355 million and $365 million in the next quarter, up 15 to 18 percent sequentially. They expect non-GAAP earnings per share between $0.68 and $0.70, with gross margin around 73 percent before a one-time customer agreement charge. The Scorpio product line is expected to become their largest business by year end.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Astera Labs, Inc.
Insider transactions included a filing by Bethany Mayer, who sold 686 shares on June 24, 2026, at an average price of $395.04 for a total value of $270,998.67. This transaction was executed under a planned Rule 10b5-1 trading arrangement. Insider sales do not automatically signal a negative outlook and often reflect scheduled personal financial planning.
Analysts Set New Price Targets
Wall Street firms continue to update their views on the stock. On August 17, 2026, Northland Capital Markets upgraded its rating to Outperform with a $350.00 price target. Earlier in the month, several other firms adjusted targets, including RBC Capital maintaining an Outperform rating with a target of $500.00 and Evercore ISI Group holding an Outperform rating with a target of $452.00. Overall, the stock holds a consensus buy recommendation with a mean price target of $391.77 across 22 analyst opinions.
Semiconductor Connectivity Solutions Provider
Astera Labs, Inc. designs and sells high-speed, mixed-signal connectivity products and software for cloud and AI infrastructure. Based in San Jose, California, the company provides custom semiconductor solutions and management software to hyperscalers and system makers.
What to Watch Next for Investors
Investors tracking BNP Paribas Asset Management and Astera Labs should monitor upcoming SEC disclosures and the company's next earnings release on November 3, 2026. Institutional filings provide a retroactive look at portfolio management strategies rather than real-time trading signals.
Related Filing Alerts
Source: BNP Paribas Asset Management Holding S.A.'s 13F filing on $ALAB (May 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: BNP Paribas Asset Management Holding S.A. 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts