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Altera (NASDAQ:ALTR) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Thursday, American Banking & Market News reports.

The analysts wrote, “Altera (ALTR) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company’s earnings per share.”

Altera (NASDAQ:ALTR) traded down 0.64% on Thursday, hitting $34.14. 5,023,078 shares of the company’s stock traded hands. Altera has a 52 week low of $30.73 and a 52 week high of $39.18. The stock has a 50-day moving average of $35.42 and a 200-day moving average of $33.92. The company has a market cap of $10.842 billion and a price-to-earnings ratio of 25.26.

Altera (NASDAQ:ALTR) last released its earnings data on Thursday, April 24th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $461.10 million for the quarter, compared to the consensus estimate of $437.97 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Altera will post $1.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.76%.

ALTR has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Altera in a research note on Friday, April 11th. They now have a $36.00 price target on the stock. Separately, analysts at Piper Jaffray initiated coverage on shares of Altera in a research note on Thursday, April 3rd. They set an “overweight” rating and a $41.00 price target on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Altera in a research note on Thursday, April 3rd. They set an “outperform” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $38.19.

Altera Corporation is a global semiconductor company. The Company designs, manufactures, and markets high-density programmable logic devices (NASDAQ:ALTR), HardCopy ASIC devices, pre-defined design building blocks known as intellectual property (IP) cores, and associated development tools.

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