Altera (ALTR) Shares Given New $43.00 Price Target by Jeffries Analysts Posted by LUSA Staff on Oct 21st, 2011 // No Comments
 Equities research analysts at Jeffries lowered their price target on shares of Altera (NASDAQ: ALTR) to $43.00 in a research issued note to investors on Friday.
Separately, analysts at Credit Agricole upgraded shares of Altera from an “outperform” rating to a “buy” rating in a research note to investors on Friday. Analysts at Mizuho upgraded shares of Altera from a “neutral” rating to a “buy” rating in a research note to investors on Friday. Also, analysts at Miller Tabak raised their price target on shares of Altera from $40.00 to $43.00 in a research note to investors on Friday. They now have a “buy” rating on the stock.
Altera Corporation (Altera) is a semiconductor company. The Company designs, manufactures and markets programmable logic devices (PLDs), HardCopy application-specific integrated circuits (ASICs), pre-defined design building blocks, known as intellectual property (IP) cores, and associated development tools. Altera is a supplier of complementary metal oxide semiconductor (CMOS) PLDs. The Company’s PLDs consist of field-programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs), which are semiconductor integrated circuits, or chips, that its customers program to perform logic functions in their electronic systems. Its HardCopy ASICs enables its customer transition designs from FPGAs to non-programmable implementations. Altera’s IP cores can be licensed by customers to add functions to their PLD designs.
Shares of Altera traded up 9.84% during mid-day trading on Friday, hitting $36.28. Altera has a 52 week low of $28.58 and a 52 week high of $49.59. The stock’s 50-day moving average is $34.94 and its 200-day moving average is $41.11. The company has a market cap of $11.755 billion and a price-to-earnings ratio of 12.13. |
