Royal Bank of Canada 13F: Cuts Astera Labs (ALAB) Stake by $18M
Royal Bank of Canada cuts its position in semiconductor firm Astera Labs, Inc. by 21.6% in its latest SEC filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Royal Bank of Canada sold 36,506 shares from its stake in Astera Labs, Inc. ($ALAB), a 21.63% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 132,292 shares worth $65.41 million at the end of the quarter.
Since the filing, $ALAB is up 31.9% after 1 week, up 67.3% after 1 month and up 22.8% to date (from the $232.68 close on May 15, 2026).
Find the original: Royal Bank of Canada 13F filings on SEC EDGAR
ALAB
Astera Labs, Inc.
Key Points
- Royal Bank of Canada cut its stake in Astera Labs, Inc. (NasdaqGS: ALAB) by 21.6%, selling 36,506 shares during the period.
- Royal Bank of Canada held 132,292 $ALAB shares at quarter end, down 21.63% from the prior quarter.
- The semiconductor stock trades near $494.40, well above its 200-day moving average of $248.58.
- Several Wall Street firms recently updated their targets on the stock, including Northland Capital Markets upgrading its view.
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Royal Bank of Canada Trims Astera Labs Position
Royal Bank of Canada trimmed its investment in Astera Labs, Inc. (NasdaqGS: ALAB) during the period, according to a recent Form 13F filing with the Securities and Exchange Commission. The filing reflects holdings as of the reporting period and may not represent the investor's current position today.
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Details on the Share Reduction
The bank reduced its holdings by 21.6%, selling 36,506 shares to end the period with 132,292 shares. The remaining stake carried a reported value of about $65.4 million based on the filing data. The fund previously held 168,798 shares.
Astera Labs Stock Performance
Shares of Astera Labs trade around $494.40, sitting high above both its 50-day moving average of $316.57 and its 200-day moving average of $248.58. The company carries a forward P/E ratio of 47.2 based on current estimates, reflecting strong expected earnings growth for the cloud and AI infrastructure provider.
Insider Buying and Selling at Astera Labs, Inc.
Recent insider activity includes a transaction by Bethany Mayer, who sold 686 shares on June 24, 2026, at an average price of $395.04 for a total value of $271,000 under a pre-arranged Rule 10b5-1 trading plan.
Analysts Set New Price Targets
Wall Street firms have kept a close eye on the chipmaker, with several updating their outlooks recently. On August 17, 2026, Northland Capital Markets upgraded the stock with an Outperform rating and a $350.00 price target. Earlier in the month on August 5, 2026, TD Cowen maintained its Hold rating while lowering its target from $425.00 to $375.00. On the same day, Morgan Stanley maintained an Overweight rating and lifted its target from $335.00 to $382.00, while RBC Capital maintained an Outperform rating and raised its target from $425.00 to $500.00. Evercore ISI Group also maintained an Outperform rating on August 5, 2026, raising its target from $297.00 to $452.00, and Needham kept a Buy rating while lifting its target from $260.00 to $425.00. Jefferies maintained a Buy rating on August 5, 2026, moving its target from $270.00 to $450.00. Rounding out the recent updates, Susquehanna maintained a Neutral rating on July 31, 2026, raising its target from $230.00 to $275.00. The stock holds a consensus Buy recommendation with a mean price target of $391.77 across 22 analyst opinions.
Inside the Semiconductor Business
Based in San Jose, California, Astera Labs designs mixed-signal connectivity products and software suites that help manage high-speed data traffic for cloud computing and artificial intelligence systems. The company serves large data center operators and system makers.
What to Watch at Astera Labs, Inc.
Investors tracking Royal Bank of Canada and other institutional holders will need to wait for subsequent quarterly filings to see how positions evolve. The company's next earnings report is scheduled for November 3, 2026.
Related Filing Alerts
Source: Royal Bank of Canada's 13F filing on $ALAB (May 15, 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: Royal Bank of Canada 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts