Altera SVP Jeffrey Waters Unloads 10,000 Shares (ALTR)
Altera (NASDAQ:ALTR) SVP Jeffrey Waters sold 10,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $33.58, for a total transaction of $335,800.00. Following the completion of the transaction, the senior vice president now directly owns 7,503 shares in the company, valued at approximately $251,951. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ALTR shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of Altera in a research note on Friday, July 25th. They now have a $37.00 price target on the stock, down previously from $38.00. Analysts at FBR Capital Markets raised their price target on shares of Altera from $45.00 to $47.00 in a research note on Thursday, June 19th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $39.18.
Altera (NASDAQ:ALTR) traded up 0.17% on Wednesday, hitting $34.55. 644,676 shares of the company’s stock traded hands. Altera has a one year low of $30.73 and a one year high of $39.18. The stock’s 50-day moving average is $34.10 and its 200-day moving average is $34.33. The company has a market cap of $10.675 billion and a P/E ratio of 23.97.
Altera (NASDAQ:ALTR) last released its earnings data on Thursday, July 24th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. The company had revenue of $491.50 million for the quarter, compared to the consensus estimate of $480.22 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, analysts predict that Altera will post $1.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, August 7th. This is an increase from Altera’s previous quarterly dividend of $0.15.
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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