Altera Corp (NASDAQ:ALTR)

12/17

Revenue recognition policies and its cash advances to distributer policies show potential room for fraud in its accounting in the 10-K

Current Quarter vs. Prior Year: For the third quarter 2011, analysts estimate ALTR will earn $0.64 per share, a decrease of 7.97% over the prior year third quarter results.
+27.5%Annualized 5 Year growth rate
Growth Rates
1 Yr 3 Yr 5 Yr
+69.1% +44.6% +27.5%

Used the FPGA chips designed by Altera while I was in school. They were definitely a bit tricky to code, but boy were they amazing. Lots you can do with these things. In my case, wrote a wonderful blackjack program that outputted to VGA screen. These things if done right, can replace any type of logic chips.
Great and fun products.

Profitability, industry leadership, market growth, efficiency, and stability -- all these are positive signs coming from ALTR.

Overvalued given its projected 3% projected EPS growth. This one is going back to $30 by January.

5/16/11 Here is a firm that has beaten sales and profit expectations while also raising expectations on future profits.

Its PLDs consist of field-programmable gate arrays (FPGA) and complex programmable logic devices (CPLD)

Altera is coming off of a record Q4 that benefited from new product offerings.

The place to be in high tech stocks! A leader in its field!

Target price 47$

Covestor Model Manager Alphamark Advisors bought ALTR in his Large Cap Growth Covestor Model ( http://covestor.com/Alphamark-Advisors )

Altera and Xilinx (NASDAQ: XLNX) have a virtual duopoly when it comes to the PLD market. ALTR currently has a smaller market share but is the more profitable of the two.

good cashflow, growth rate, good forward P/E

semiconductor company. I think the company will benefit from the innovations happening in cell/smart phones and increased players in the on-demand content providers.

Profile
Altera Corp.
101 Innovation Drive
San Jose, CA 95134
United States - Map
Phone: 408-544-7000
Fax: 408-954-8186
Website: www.altera.com

Details
Index Membership: S&P 500
S&P 1500 Super Comp
Nasdaq 100
Sector: Technology
Industry: Semiconductor - Specialized
Full Time Employees: 2,551

Business Summary

Altera Corporation designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and associated development tools. Its PLDs consist of field-programmable gate arrays (FPGA) and complex programmable logic devices (CPLD), which are semiconductor integrated circuits manufactured as standard chips that can be programmed to perform logic functions in electronic systems; and HardCopy structured ASIC devices that enable customers to transition from a high-density FPGA to a low-cost non-programmable implementation of design for volume production. The company?s products primarily include Stratix III and Stratix IV high-end, system-level FPGAs; Arria and Arria II GX mid-range, transceiver-equipped FPGAs; Cyclone III and Cyclone IV low-cost FPGAs; MAX II CPLDs; and HardCopy ASICs. It also offers intellectual property cores that are pre-verified building blocks that execute system-level functions in their PLD design; and development tools consisting primarily of the Quartus II software for design entry, design compilation, design verification, and device programming. Altera Corporation serves customers primarily in the telecom and wireless, industrial automation, military and auto, networking, and computer and storage sectors. The company markets its products through a network of distributors, independent sales representatives, and direct sales personnel. It has operations in North America, the Asia Pacific, Europe, and Japan. The company was founded in 1983 and is headquartered in San Jose, California.

***All above information from YAHOO FINANCE***

These folks have a good track record of providing the components for the widgets we love to buy. Should have bought the stock long ago.

the company has maintained its profitable position throughout recession and has a low PE ratio. It could be a buyout candidate.

Top stock in IBD ELEC-SEMICONDCTOR group. Group rank #9/197