What are you guys take on this one:
Altera Corp; ticker: ALTR
Altera Corporation is a global semiconductor company. The Company designs, manufactures, and markets high-density programmable logic devices (PLDs), HardCopy ASIC devices, pre-defined design building blocks known as intellectual property (IP) cores, and associated development tools. Its PLDs, which consist of field-programmable gate arrays (FPGAs), and complex programmable logic devices (CPLDs), are semiconductor integrated circuits that are manufactured as standard chips that its customers program to perform desired logic functions within their electronic systems. With its HardCopy devices the Company offers its customers a migration path from a PLD to a non-programmable implementation of their designs. Its customers can license IP cores from the Company for implementation of standard functions in their PLD designs.
The company have almost no LT debt, excellent current and quick ratio (3,91 in 2011), Profit margin consistently above 30%, ROE 30% +, earning grow last 10 years 17% and last 5 year also 17%. This company is priced right now at 41,40. A bit on the expensive side right now, but it is good for your watch list.
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