Swiss National Bank 13F: Adds $13M to Astera Labs (ALAB) Stake
The Swiss National Bank has increased its position in Astera Labs, adding 25,800 shares as of May 7, 2026.
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Swiss National Bank added 25,800 shares to its stake in Astera Labs, Inc. ($ALAB), a 7.08% increase, according to a 13F filing with the SEC dated May 7, 2026. It reported 390,164 shares worth $192.90 million at the end of the quarter.
Since the filing, $ALAB is up 16.9% after 1 week, up 77.0% after 1 month and up 46.1% to date (from the $195.65 close on May 7, 2026).
Find the original: Swiss National Bank 13F filings on SEC EDGAR
ALAB
Astera Labs, Inc.
Key Points
- The Swiss National Bank boosted its stake in Astera Labs, Inc. (ALAB) by 25,800 shares, bringing its total to 390,164 shares valued at approximately $192.9 million.
- Astera Labs stock is currently trading around $494.4, close to its 52-week high of $499.48, reflecting strong performance in the semiconductor sector.
- Analysts maintain a positive outlook with a consensus rating of 'buy' and a target mean price of $391.77, indicating confidence in the company's growth potential.
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Swiss National Bank Increases Stake in Astera Labs
The Swiss National Bank has boosted its position in Astera Labs, Inc. (NasdaqGS: ALAB) by adding 25,800 shares, bringing its total to 390,164 shares. This increase is valued at approximately $192.9 million based on the share price of $494.4 as of May 7, 2026.
Swiss National Bank vs. the S&P 500
Hypothetical returns from Swiss National Bank's disclosed trades, not real profit or advice. How we model this.
Details of the Position Change
The Swiss National Bank's stake grew by 7.08%, as it previously held 364,364 shares. This move shows the bank's continued interest in the semiconductor company, which has been performing well in the market.
Institutional Activity in Astera Labs
While there are no other funds listed as having changed their positions in Astera Labs recently, the stock's activity has been notable. Earlier this month, PNC Financial Services increased its stake by over 15%, while Tudor Investment and Voya Investment Management trimmed their holdings. This mixed activity reflects varying strategies among institutional investors regarding Astera Labs.
How Astera Labs, Inc. Stock Has Traded
Astera Labs shares are currently trading at $494.4, which is very close to its 52-week high of $499.48. The stock has shown strong performance, particularly as it trades well above its 50-day moving average of $316.57. This suggests that investor sentiment is positive around the company's future prospects.
Recent Earnings
Astera Labs reported revenues of approximately $1.2 billion, with a revenue growth rate of 1.05%. The company has a net margin of about 30.7% and an ROE of 25.8%. The next earnings report is scheduled for November 3, 2026, which could provide further insights into the company's financial health.
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.
On June 24, 2026, insider Bethany Mayer sold 686 shares at an average price of $395.04, totaling about $271,000. This sale was part of a planned transaction and does not necessarily indicate a negative outlook for the company.
Analysts Set New Price Targets
On August 5, 2026, multiple analysts, including Morgan Stanley and RBC Capital, maintained their ratings for Astera Labs. Morgan Stanley kept an 'Overweight' rating with a target price of $382, while RBC Capital maintained an 'Outperform' rating with a target of $500. Northland Capital Markets upgraded its rating to 'Outperform' with a target of $350 on August 17, 2026.
What Astera Labs, Inc. Does
Astera Labs, Inc. designs and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. The company serves major players in the tech industry, providing essential products for their operations. The Swiss National Bank's increased stake highlights ongoing institutional interest in Astera Labs as it continues to grow in the semiconductor market.
What’s Next for Astera Labs
Investors should watch for the upcoming earnings report on November 3, 2026, which may provide further insights into the company's performance. The Swiss National Bank's filing reflects its position as of May 7, 2026, and may not represent its current holdings.
Related Filing Alerts
Source: Swiss National Bank's 13F filing on $ALAB (May 7, 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: Swiss National Bank 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts