State Board of Administration of Florida Retirement System Reduces $1M in Astera Labs, Inc. ($ALAB)
Key Points
- State Board of Administration of Florida Retirement System changed its Astera Labs, Inc. ($ALAB) stake by 2.8% last quarter, cutting to 114,097 shares worth $42.75 million.
- Wall Street's consensus rating on $ALAB is Buy and an average price target of $244.97.
- $ALAB last traded around $374.68.
State Board of Administration of Florida Retirement System trimmed its position in Astera Labs, Inc. ($ALAB) by 2.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,097 shares of Astera Labs, Inc. after selling 3,327 shares during the quarter. State Board of Administration of Florida Retirement System's holdings in Astera Labs, Inc. were worth $42.75 million as of its most recent filing.
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About Astera Labs, Inc.
Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States. It offers an intelligent connectivity platform, comprised of semiconductor-based, high-speed, mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors, and COSMOS. The company provides COSMOS software suite, a connectivity system management and optimization software that enables management and optimization of resources for large fleets at cloud-scale via link, fleet, and RAS management capabilities. In addition, it offers PCIe/CXL smart DSP retimers and cable modules; ethernet smart cable modules for cloud and AI infrastructure; CXL memory connectivity controllers; and smart fabric switches. The company serves hyperscalers and system original equipment manufacturers. Astera Labs, Inc. was incorporated in 2017 and is based in San Jose, California.
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