Bank of America 13F: Adds $148M to Astera Labs (ALAB) Stake
Bank of America lifted its investment in semiconductor maker Astera Labs, Inc. by picking up nearly 300,000 more shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Bank of America added 299,415 shares to its stake in Astera Labs, Inc. ($ALAB), a 20.11% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 1,788,232 shares worth $884.10 million at the end of the quarter.
Since the filing, $ALAB is up 47.8% after 1 week, up 73.8% after 1 month and up 32.6% to date (from the $215.58 close on May 18, 2026).
ALAB
Astera Labs, Inc.
Key Points
- Bank of America increased its holdings in Astera Labs, Inc. (NasdaqGS: ALAB) by 20.1% during the reporting period, according to a Form 13F filing with the SEC.
- The major financial institution picked up 299,415 shares to bring its total ownership to 1,788,232 shares, valued at roughly $884.1 million.
- Astera Labs shares trade near $494.40, supported by strong revenue growth and a consensus buy recommendation from Wall Street analysts.
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Bank of America Boosts Position in Astera Labs Shares
Bank of America raised its stake in Astera Labs, Inc. (NasdaqGS: ALAB) by 20.1% during the period, according to a recent Form 13F filing with the Securities and Exchange Commission. The large institutional investor lifted its holdings by adding 299,415 shares, bringing its total ownership to 1,788,232 shares. Based on market prices, that sizeable block of stock carried an estimated value of $884.1 million at the close of the reporting window. Because 13F filings look backward at portfolio holdings from previous quarters, this update shows where the bank stood at that moment and may not reflect its current daily trading footprint.
Astera Labs Stock Trades Near Highs
Shares of Astera Labs changed hands around $494.40 on Friday, sitting close to the upper boundary of their 52-week range. The semiconductor firm has experienced strong upward momentum, trading well past its 50-day and 200-day moving averages as demand for cloud and artificial intelligence connectivity hardware expands.
Recent Insider Activity at Astera Labs
In corporate insider moves, insider Bethany Mayer parted with 686 shares on June 24, 2026. The transaction took place at an average price of $395.04 per share, resulting in a total value of $270,998.67 under a pre-arranged trading plan.
Wall Street Analyst Updates
Wall Street firms have adjusted their views on the chipmaker in recent weeks. On August 17, 2026, Northland Capital Markets upgraded the stock to an outperform rating with a $350.00 price target. Earlier in August, RBC Capital maintained an outperform rating and lifted its target to $500.00, while Evercore ISI Group maintained an outperform rating and raised its target to $452.00. Overall, the company holds a consensus buy rating from 22 analysts, with a mean price target of $391.77.
Inside Astera Labs and Its Technology
Based in San Jose, California, Astera Labs builds specialized semiconductor connectivity products and software suites designed for cloud data centers and artificial intelligence infrastructure. The company focuses on high-speed data transmission, helping hyperscalers manage massive workloads smoothly across large server fleets.
What to Watch Next for Astera Labs
Investors tracking Bank of America or Astera Labs should keep an eye out for upcoming SEC disclosures and the company's next scheduled earnings report in November. These upcoming milestones will offer clearer visibility into institutional sentiment and ongoing financial performance as the year moves forward.
Related Filing Alerts
Source: Bank of America's 13F filing on $ALAB (May 18, 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: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts