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ALAB vs. MCHP: Astera Labs vs. Microchip Stock Comparison

How do Astera Labs (ALAB) and Microchip (MCHP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Astera Labs (ALAB) and Microchip (MCHP) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Microchip (MCHP) carries decades of public-market history since March 19, 1993, while Astera Labs (ALAB) listed on March 20, 2024 — long-window comparisons have far more historical data on the MCHP side.

Company profile comparison for Astera Labs (ALAB) and Microchip (MCHP)
Profile ItemALABMCHP
NameAstera Labs, Inc.Microchip Technology Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS Sub-IndustrySemiconductorsSemiconductors
Market Capitalization33.33 billion USD31.76 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateMarch 20, 2024March 19, 1993
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ALAB
MCHP
GSPC
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Astera Labs (ALAB) vs. Microchip (MCHP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Astera Labs (ALAB) and Microchip (MCHP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Astera Labs (ALAB) and Microchip (MCHP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Astera Labs (ALAB) and Microchip (MCHP)
MetricALABMCHP
Total Return (1Y)31.42%11.53%
Total Return (3Y, Annualized)---3.63%
Total Return (5Y, Annualized)---3.83%

Risk Profile

Drawdown History

ALAB
MCHP
GSPC
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Astera Labs (ALAB) vs. Microchip (MCHP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Astera Labs (ALAB) and Microchip (MCHP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Astera Labs (ALAB) and Microchip (MCHP)
MetricALABMCHP
Volatility (1Y, Annualized)101.55%52.96%
Beta (5Y)3.951.91
Max Drawdown (5Y)-63.69%-63.77%
Avg. Volume (3M)4.15M10.34M

Risk-Adjusted Performance

Risk-Return Positioning

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ALAB and MCHP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Astera Labs (ALAB) and Microchip (MCHP)
MetricALABMCHP
Sharpe Ratio (1Y)0.270.14
Sortino Ratio (1Y)0.390.21

Profitability

ROE (TTM)

Astera Labs (ALAB) at 28.21% sits in the top ROE quartile, while Microchip (MCHP) at 12.57% is closer to the peer norm — stronger capital efficiency for ALAB.

ALAB

Semiconductors & Semiconductor Equipment industry group

28.21%

Max
52.82%
ALAB
28.21%
Q3
22.26%
Median
10.58%
Q1
1.29%
Min
-16.89%

MCHP

Semiconductors & Semiconductor Equipment industry group

12.57%

Max
52.82%
Q3
22.26%
MCHP
12.57%
Median
10.58%
Q1
1.29%
Min
-16.89%
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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Astera Labs (ALAB) at 29.64% retains a top-quartile share of revenue as profit, ahead of Microchip (MCHP) at 14.96%, which keeps about the industry-typical share.

ALAB

Semiconductors & Semiconductor Equipment industry group

29.64%

Max
63.80%
ALAB
29.64%
Q3
28.36%
Median
11.44%
Q1
0.90%
Min
-37.77%

MCHP

Semiconductors & Semiconductor Equipment industry group

14.96%

Max
63.80%
Q3
28.36%
MCHP
14.96%
Median
11.44%
Q1
0.90%
Min
-37.77%
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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Astera Labs (ALAB) at 30.61% operates in the top operating margin quartile, ahead of Microchip (MCHP) at 29.13%, which runs around its industry’s norm.

ALAB

Semiconductors & Semiconductor Equipment industry group

30.61%

Max
58.66%
ALAB
30.61%
Q3
30.23%
Median
15.91%
Q1
7.54%
Min
-25.74%

MCHP

Semiconductors & Semiconductor Equipment industry group

29.13%

Max
58.66%
Q3
30.23%
MCHP
29.13%
Median
15.91%
Q1
7.54%
Min
-25.74%
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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Astera Labs (ALAB) and Microchip (MCHP)
MetricALABMCHP
ROE (TTM)28.21%12.57%
ROA (TTM)13.41%5.19%
Net Margin (TTM)29.64%14.96%
Operating Margin (TTM)30.61%29.13%
Gross Margin (TTM)73.89%62.70%

Growth

Revenue Growth

Astera Labs (ALAB) at 115.13% clears its industry range for revenue growth, far stronger top-line momentum than Microchip (MCHP) at 7.08%, which is closer to a typical peer reading.

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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Neither Astera Labs (ALAB) nor Microchip (MCHP) reports a EPS growth value for this period, so a direct comparison isn't possible.

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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Astera Labs (ALAB) and Microchip (MCHP)
MetricALABMCHP
Revenue Growth (YoY)115.13%7.08%
Revenue Growth (3Y CAGR)120.18%-17.65%
EPS Growth (YoY)----
EPS Growth (3Y CAGR)---62.03%

Financial Strength

Current Ratio (MRQ)

Astera Labs (ALAB) at 8.03 carries current ratio above its industry’s typical mid-range, while Microchip (MCHP) at 2.24 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

ALAB

Semiconductors & Semiconductor Equipment industry group

8.03

Max
10.33
ALAB
8.03
Q3
5.62
Median
3.33
Q1
2.35
Min
1.03

MCHP

Semiconductors & Semiconductor Equipment industry group

2.24

Max
10.33
Q3
5.62
Median
3.33
Q1
2.35
MCHP
2.24
Min
1.03
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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Astera Labs (ALAB) at 0.02 keeps leverage in the lower quartile, while Microchip (MCHP) at 0.84 sits in the higher-leverage quartile.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.02

Max
1.46
Q3
0.65
Median
0.27
Q1
0.04
ALAB
0.02
Min
0.00

MCHP

Semiconductors & Semiconductor Equipment industry group

0.84

Max
1.46
MCHP
0.84
Q3
0.65
Median
0.27
Q1
0.04
Min
0.00
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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Astera Labs (ALAB) and Microchip (MCHP)
MetricALABMCHP
Current Ratio (MRQ)8.032.24
Debt / Equity (MRQ)0.020.84
Net Debt / EBITDA-3.232.73

Dividends

Dividend Yield (TTM)

Astera Labs (ALAB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Microchip (MCHP) reports a yield of 2.81%, ranking against industry peers normally.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Max
1.37%
Q3
0.65%
ALAB
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

MCHP

Semiconductors & Semiconductor Equipment industry group

2.81%

MCHP
2.81%
Max
1.37%
Q3
0.65%
Median
0.00%
Q1
0.00%
Min
0.00%
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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Microchip (MCHP) reports payout ratio above 100% at 136.84%, meaning dividends exceeded current-period earnings; Astera Labs (ALAB) pays no dividend (payout 0.00%).

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Max
49.64%
Q3
21.71%
ALAB
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

MCHP

Semiconductors & Semiconductor Equipment industry group

136.84%

MCHP
136.84%
Max
49.64%
Q3
21.71%
Median
0.00%
Q1
0.00%
Min
0.00%
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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Astera Labs (ALAB) and Microchip (MCHP)
MetricALABMCHP
Dividend Yield (TTM)0.00%2.81%
Dividend Payout Ratio (TTM)0.00%136.84%

Valuation

P/E Ratio (TTM)

Microchip (MCHP) at 43.87 is near its industry’s usual P/E ratio, while Astera Labs (ALAB) at 75.38 sits in the richer quartile — ALAB needs stronger growth or earnings quality to justify the premium.

ALAB

Semiconductors & Semiconductor Equipment industry group

75.38

Max
110.34
ALAB
75.38
Q3
66.81
Median
37.02
Q1
23.96
Min
8.12

MCHP

Semiconductors & Semiconductor Equipment industry group

43.87

Max
110.34
Q3
66.81
MCHP
43.87
Median
37.02
Q1
23.96
Min
8.12
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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

Microchip (MCHP) at 5.67 is priced about in line with its industry on P/S ratio, while Astera Labs (ALAB) at 21.42 sits in the pricier quartile — ALAB costs more per dollar of sales.

ALAB

Semiconductors & Semiconductor Equipment industry group

21.42

ALAB
21.42
Max
21.42
Q3
12.27
Median
5.76
Q1
2.73
Min
0.00

MCHP

Semiconductors & Semiconductor Equipment industry group

5.67

Max
21.42
Q3
12.27
Median
5.76
MCHP
5.67
Q1
2.73
Min
0.00
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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Microchip (MCHP) at 4.78 sits near its industry’s typical P/B ratio, while Astera Labs (ALAB) at 16.67 prices above its benchmark range — ALAB looks rich relative to book.

ALAB

Semiconductors & Semiconductor Equipment industry group

16.67

ALAB
16.67
Max
14.06
Q3
7.44
Median
4.29
Q1
2.30
Min
0.20

MCHP

Semiconductors & Semiconductor Equipment industry group

4.78

Max
14.06
Q3
7.44
MCHP
4.78
Median
4.29
Q1
2.30
Min
0.20
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Astera Labs (ALAB) vs. Microchip (MCHP): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Astera Labs (ALAB) and Microchip (MCHP)
MetricALABMCHP
P/E Ratio (TTM)75.3843.87
P/S Ratio (TTM)21.425.67
P/B Ratio (MRQ)16.674.78
Free Cash Flow Yield (TTM)0.39%4.85%