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News Breaks
January 23, 2013
16:25 EDTALTRAltera and Mouser sign distribution agreement
Mouser Electronics announced the signing of a distribution agreement with Altera Corporation (ALTR). Through this agreement, Mouser becomes an authorized global distributor of Altera FPGAs, CPLDs, development tools, intellectual property cores and development kits.
News For ALTR From The Last 14 Days
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April 22, 2015
14:47 EDTALTREarnings Watch: Texas Instruments reports amid M&A focus in semiconductor space
Texas Instruments (TXN) is expected to report first quarter earnings after the close on Wednesday, April 22, with a conference call scheduled for 5:30 pm ET. Texas Instruments is a global semiconductor manufacturer operating in four segments: Analog, Embedded Processing, Wireless and Other. EXPECTATIONS: Analysts are looking for earnings per share of 62c on revenue of $3.2B. The consensus range is 61c-64c for EPS on revenue of $3.18B-$3.21B, according to First Call. On its last earning call, Texas Instruments said it expected Q1 EPS of 57c-67c and revenue of $3.07B-$3.33B. LAST QUARTER: On January 26, Texas Instruments reported adjusted fourth quarter EPS of 69c, which matched consensus expectations at that time. Its Q4 revenue of $3.27B came in just above the consensus forecast of $3.26B. Texas Instruments said its inventory ended the quarter at 117 days and noted on its associated conference call that it believe inventories were at "healthy levels." Texas Instruments also said then that it expected its embedded operating margins to increase. STREET RESEARCH: The day after TI's last quarterly report, Ascendiant raised its price target for Texas Instruments shares to $64 from $56 and reiterated a Buy rating on the stock. The firm attributed the post-earnings slide the stock experienced then to profit taking, rather than a fundamental disappointment. That same week, Argus increased its price target on Texas Instruments to $62 from $54 and said it expected the company's operating trends to continue to strengthen. Argus kept a Buy rating on the shares. Acquiring companies in the semiconductor space "can materially outperform the market," Jefferies analyst Mark Lipacis wrote in a note to investors on March 9. At that time, Lipacis identified Texas Instruments, NXP Semiconductors (NXPI), Avago (AVGO), Marvell (MRVL), Maxim Integrated (MXIM), Broadcom (BRCM), Altera (ALTR), and Xilinx (XLNX) as companies that were well-positioned to make acquisitions in the future. WHAT'S NOTABLE: On March 1, NXP Semiconductors and Freescale Semiconductor (FSL) announced that they have entered into a definitive agreement under which NXP will merge with Freescale in a transaction valuing the combined enterprise at just over $40B. Recent media reports suggested that Intel's (INTC) talks to acquire Altera stalled when the latter wanted more than Intel was willing to pay. PRICE ACTION: Since the day after last quarter's report, Texas Instruments' stock has rallied nearly 7%. In afternoon trading, Texas Instruments gained over 1% to $58.76.
10:02 EDTALTROn The Fly: Analyst Downgrade Summary
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09:37 EDTALTRAltera quarterly results 'may not be great,' CNBC's Faber reports
There is talk that Altera's (ALTR) earnings report "may not be great" when the chip company reports Q1 results on Thursday, April 23, CNBC's David Faber reports. Investors assume Altera will report a strong quarter after turning down Intel's takeover attempt, but that may not be the case, according to Faber. Shares of the chip maker are down 35c to $42.89 in early trading. Piper Jaffray this morning downgraded the stock to Neutral.
09:32 EDTALTRAltera earnings numbers 'may not be great,' CNBC's Faber reports
05:59 EDTALTRAltera implied volatility of 67 at upper end of index
05:43 EDTALTRAltera downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Ruben Roy downgraded Altera (ALTR) to Neutral from Overweight saying takeover speculation has driven the valuation above a fundamentals based fair value. He believes an acquisition by Intel (INTC) makes sense, but at a reasonable valuation. The analyst thinks a higher premium than $54 per share is unlikely. Piper keeps a $42 price target for shares of Altera. Roy still views the longer-term prospects for the programmable logic device companies favorably and thinks Altera is better positioned near-term versus Xilinx (XLNX). Shares of Altera closed yesterday up 8c to $43.24.
April 21, 2015
14:05 EDTALTRAltera volatility elevated into Q1 and outlook
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April 20, 2015
14:27 EDTALTRAltera volatility elevated into Q1 and outlook
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06:09 EDTALTRAltera implied volatility of 74 at upper end of index
April 17, 2015
05:58 EDTALTRAltera implied volatility of 69 at upper end of index
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April 16, 2015
09:57 EDTALTRXilinx rallies after dealReporter discusses potential takeout
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07:53 EDTALTRAltera options indicate traders still hoping for deal, Reuters says
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06:01 EDTALTRAltera implied volatility of 71 at upper end of index
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April 15, 2015
15:53 EDTALTRAltera cases illustrates challenges Intel may face in dealmaking, WSJ says
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14:26 EDTALTRAltera volatility elevated into Q1 and outlook
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April 13, 2015
19:18 EDTALTROn The Fly: After Hours Movers
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17:52 EDTALTRAltera holders Candid, Tig looking for sale to Intel, Bloomberg says
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16:48 EDTALTRAltera up 1.4% following Bloomberg report of holders pushing for sale to Intel
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16:45 EDTALTRAltera holders Candid, Tig looking for sale to Intel, Bloomberg says
05:51 EDTALTRStocks with implied volatility movement; ALTR GPO
Stocks with implied volatility movement; Altera (ALTR) 68, GoPro (GPRO) 62 according to iVolatility.
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