Professional
Added to YB: 2025-06-02
Pitch date: 2025-03-31
ALAB [neutral]
Astera Labs, Inc.
+585.02%
current return
Author Info
No bio for this author
Company Info
Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States.
Market Cap
$67.1B
Pitch Price
$59.33
Price Target
N/A
Dividend
N/A
EV/EBITDA
273.61
P/E
264.85
EV/Sales
65.91
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Alger Mid Cap Focus Fund Portfolio Holding: Astera Labs, Inc.
ALAB (holding update): Semiconductor innovator for cloud/AI connectivity with high-margin Intelligent Connectivity Platform (hardware + COSMOS software). Strong Q4 beat with industry-leading margins, but shares pressured by market dynamics and competition concerns. Well-positioned in growing data center and AI infrastructure markets.
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