Stock Scrutiny: Altera Corporation
Altera Corporation manucatures several products for the telecom and industrial markets It has terrific earnings growth, with an EPS % Change of 260% from last quarter. Its estimate revisions are up and the average EPS growth for its last three quarters is 215%. Its sales % change from last quarter is 68% and its Debt/Equity ratio is an acceptable 46%. It is only about 2.1% off of its 52- week high, and has a market cap of around $9 Billion.
The 3 year EPS growth rate is only 13% and the 3 year Sales Growth Rate is 1%. Also, there is a decrease in the number of funds owning the stock. Also, according to a recent CNBC report, there has been heavy insider selling of Altera.