Commonwealth Equity Services 13F: Adds $1.9M to ALAB Stake
Commonwealth Equity Services boosted its investment in Astera Labs by nearly 16%, reflecting confidence in the semiconductor company.
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Commonwealth Equity Services added 3,896 shares to its stake in Astera Labs, Inc. ($ALAB), a 15.97% increase, according to a 13F filing with the SEC dated April 27, 2026. It reported 28,297 shares worth $13.99 million at the end of the quarter.
Since the filing, $ALAB is up 2.3% after 1 week, up 65.4% after 1 month and up 45.4% to date (from the $196.64 close on Apr 27, 2026).
Find the original: Commonwealth Equity Services 13F filings on SEC EDGAR
ALAB
Astera Labs, Inc.
Key Points
- Commonwealth Equity Services increased its stake in Astera Labs by 3,896 shares, or 15.97%, bringing its total to 28,297 shares valued at $11.53 million.
- Astera Labs, trading on NasdaqGS under ALAB, has a market cap of $71.49 billion and a forward P/E of 99.14, with a 52-week high of $421.20.
- Recent insider activity includes planned sales by Jack Lazar and purchases by several executives, while analysts maintain a 'buy' consensus on the stock.
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Commonwealth Equity Services recently increased its holdings in Astera Labs, Inc. (NasdaqGS: ALAB), as revealed in its latest 13F filing with the SEC. The firm added 3,896 shares, raising its total stake by 15.97% to 28,297 shares, valued at approximately $11.53 million as of the reporting period.
Commonwealth Equity Services vs. the S&P 500
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What Changed in Commonwealth Equity Services' Astera Labs Position
Commonwealth Equity Services boosted its position in Astera Labs by 3,896 shares, taking its total to 28,297 shares. This represents a 15.97% increase from its previous holding of 24,401 shares. The value of this investment is now approximately $11.53 million.
Other Institutional Activity in Astera Labs
In other institutional moves, FMR LLC increased its stake in Astera Labs by 194,944 shares, bringing its total to 25,529,885 shares, valued at about $2.80 billion. BlackRock, Inc. trimmed its position by 1,519,089 shares, now holding 11,449,769 shares worth approximately $1.25 billion. Atreides Management, LP doubled its shares, adding 1,754,593 to end with a total of 3,365,787 shares valued at $368.89 million.
Astera Labs, Inc. Stock Up 64.6%
Shares of Astera Labs (NasdaqGS: ALAB) are trading around $407.43. The company has a market capitalization of $71.49 billion and a forward P/E ratio of 99.14. With a beta of 3.96, the stock has experienced significant volatility. It has a 52-week low of $84.78 and a high of $421.20. The 50-day moving average is $258.03, while the 200-day moving average is $186.22.
Recent Earnings
Astera Labs reported revenues of approximately $1.00 billion, with a robust growth rate of 93.4%. The net margin stands at 26.72%, and return on equity is 21.11%. The company's next earnings report is scheduled for August 4, 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.
Recent insider transactions include a planned sale by Jack Lazar, who sold 10,000 shares at an average price of $355.17 on June 4, 2026. Meanwhile, Craig Barratt, Michael Hurlston, Bethany Mayer, and Stefan Dyckerhoff each purchased 837 shares on the same date, with these being unplanned acquisitions.
Analysts Set New Price Targets
On May 19, 2026, Evercore ISI Group maintained its 'buy' rating on Astera Labs, setting a price target of $297. Barclays and TD Cowen both maintained 'hold' ratings with targets of $200 and $225, respectively. The consensus among analysts is a 'buy', with an average target price of $244.97 based on 22 opinions.
About Astera Labs, Inc.
Astera Labs, Inc. is a technology company specializing in semiconductor-based connectivity solutions for cloud and AI infrastructure. Headquartered in San Jose, California, and led by CEO Jitendra Mohan, the company designs and manufactures high-speed connectivity products. It serves hyperscalers and OEMs with products like PCIe/CXL smart DSP retimers and connectivity controllers. Founded in 2017, Astera Labs employs 756 people.
Bottom Line
Commonwealth Equity Services' increased stake in Astera Labs reflects a significant vote of confidence in the company. The semiconductor firm is known for its strong growth and innovative solutions in cloud and AI infrastructure. Keep in mind that 13F filings are historical data and may not reflect current positions.
Related Filing Alerts
Source: Commonwealth Equity Services's 13F filing on $ALAB (Apr 27, 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: Commonwealth Equity Services 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts