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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 1.73
ALTR's Cash to Debt is ranked higher than
66% of the 1124 Companies
in the Global Semiconductors industry.

( Industry Median: 1.92 vs. ALTR: 1.73 )
ALTR' s 10-Year Cash to Debt Range
Min: 0.1   Max: No Debt
Current: 1.73

Equity to Asset 0.58
ALTR's Equity to Asset is ranked higher than
61% of the 1097 Companies
in the Global Semiconductors industry.

( Industry Median: 0.63 vs. ALTR: 0.58 )
ALTR' s 10-Year Equity to Asset Range
Min: 0.36   Max: 0.83
Current: 0.58

0.36
0.83
Interest Coverage 12.48
ALTR's Interest Coverage is ranked lower than
51% of the 645 Companies
in the Global Semiconductors industry.

( Industry Median: 10000.00 vs. ALTR: 12.48 )
ALTR' s 10-Year Interest Coverage Range
Min: 12.48   Max: 9999.99
Current: 12.48

12.48
9999.99
F-Score: 6
Z-Score: 4.56
M-Score: -2.72
WACC vs ROIC
7.27%
23.76%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 28.12
ALTR's Operating margin (%) is ranked higher than
97% of the 1109 Companies
in the Global Semiconductors industry.

( Industry Median: 4.71 vs. ALTR: 28.12 )
ALTR' s 10-Year Operating margin (%) Range
Min: -6.34   Max: 44.43
Current: 28.12

-6.34
44.43
Net-margin (%) 24.46
ALTR's Net-margin (%) is ranked higher than
96% of the 1109 Companies
in the Global Semiconductors industry.

( Industry Median: 3.91 vs. ALTR: 24.46 )
ALTR' s 10-Year Net-margin (%) Range
Min: -4.74   Max: 40.06
Current: 24.46

-4.74
40.06
ROE (%) 13.92
ALTR's ROE (%) is ranked higher than
87% of the 1109 Companies
in the Global Semiconductors industry.

( Industry Median: 4.89 vs. ALTR: 13.92 )
ALTR' s 10-Year ROE (%) Range
Min: -3.37   Max: 45.93
Current: 13.92

-3.37
45.93
ROA (%) 8.11
ALTR's ROA (%) is ranked higher than
86% of the 1125 Companies
in the Global Semiconductors industry.

( Industry Median: 2.74 vs. ALTR: 8.11 )
ALTR' s 10-Year ROA (%) Range
Min: -2.36   Max: 28.86
Current: 8.11

-2.36
28.86
ROC (Joel Greenblatt) (%) 156.93
ALTR's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 1121 Companies
in the Global Semiconductors industry.

( Industry Median: 7.91 vs. ALTR: 156.93 )
ALTR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -21.19   Max: 420.37
Current: 156.93

-21.19
420.37
Revenue Growth (3Y)(%) -0.60
ALTR's Revenue Growth (3Y)(%) is ranked higher than
74% of the 787 Companies
in the Global Semiconductors industry.

( Industry Median: -1.80 vs. ALTR: -0.60 )
ALTR' s 10-Year Revenue Growth (3Y)(%) Range
Min: -13.7   Max: 27
Current: -0.6

-13.7
27
EBITDA Growth (3Y)(%) -9.10
ALTR's EBITDA Growth (3Y)(%) is ranked higher than
69% of the 562 Companies
in the Global Semiconductors industry.

( Industry Median: -6.50 vs. ALTR: -9.10 )
ALTR' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -57.7   Max: 163
Current: -9.1

-57.7
163
EPS Growth (3Y)(%) -13.50
ALTR's EPS Growth (3Y)(%) is ranked higher than
69% of the 486 Companies
in the Global Semiconductors industry.

( Industry Median: -8.80 vs. ALTR: -13.50 )
ALTR' s 10-Year EPS Growth (3Y)(%) Range
Min: -30.5   Max: 47.6
Current: -13.5

-30.5
47.6
» ALTR's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

ALTR Guru Trades in Q1 2014

Ray Dalio 109,663 sh (New)
George Soros 800,000 sh (+1500%)
Steven Cohen 69,366 sh (+47.99%)
Chris Davis 52,438 sh (+7.45%)
PRIMECAP Management 9,988,532 sh (+1.28%)
Paul Tudor Jones Sold Out
Jim Simons Sold Out
» More
Q2 2014

ALTR Guru Trades in Q2 2014

Paul Tudor Jones 11,329 sh (New)
Ray Dalio 280,349 sh (+155.65%)
PRIMECAP Management 10,754,589 sh (+7.67%)
George Soros Sold Out
Chris Davis 52,370 sh (-0.13%)
» More
Q3 2014

ALTR Guru Trades in Q3 2014

John Rogers 42,950 sh (New)
George Soros 240,000 sh (New)
PRIMECAP Management 11,878,421 sh (+10.45%)
Paul Tudor Jones Sold Out
Chris Davis 38,800 sh (-25.91%)
Ray Dalio 110,049 sh (-60.75%)
» More
Q4 2014

ALTR Guru Trades in Q4 2014

Jean-Marie Eveillard 1,461,334 sh (New)
Joel Greenblatt 29,783 sh (New)
Ray Dalio 303,149 sh (+175.47%)
John Rogers 94,030 sh (+118.93%)
PRIMECAP Management 12,060,589 sh (+1.53%)
Chris Davis 38,800 sh (unchged)
George Soros Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with ALTR

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Jean-Marie Eveillard 2014-12-31 New Buy0.13%$30.83 - $38.27 $ 37.015%1461334
George Soros 2014-12-31 Sold Out 0.06%$30.83 - $38.27 $ 37.014%0
Ray Dalio 2014-12-31 Add 175.47%0.06%$30.83 - $38.27 $ 37.015%303149
John Rogers 2014-12-31 Add 118.93%0.02%$30.83 - $38.27 $ 37.015%94030
Joel Greenblatt 2014-12-31 New Buy0.01%$30.83 - $38.27 $ 37.014%29783
George Soros 2014-09-30 New Buy0.06%$32.67 - $37.065 $ 37.016%240000
Ray Dalio 2014-09-30 Reduce -60.75%0.04%$32.67 - $37.065 $ 37.016%110049
John Rogers 2014-09-30 New Buy0.02%$32.67 - $37.065 $ 37.016%42950
Chris Davis 2014-09-30 Reduce -25.91%$32.67 - $37.065 $ 37.016%38800
George Soros 2014-06-30 Sold Out 0.29%$32.08 - $36.43 $ 37.0110%0
Ray Dalio 2014-06-30 Add 155.65%0.04%$32.08 - $36.43 $ 37.0110%280349
George Soros 2014-03-31 Add 1500%0.27%$31.38 - $37.04 $ 37.018%800000
Ray Dalio 2014-03-31 New Buy0.03%$31.38 - $37.04 $ 37.018%109663
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 24.30
ALTR's P/E(ttm) is ranked higher than
77% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 57.60 vs. ALTR: 24.30 )
ALTR' s 10-Year P/E(ttm) Range
Min: 11.81   Max: 49.12
Current: 24.3

11.81
49.12
Forward P/E 17.51
ALTR's Forward P/E is ranked higher than
87% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 0.00 vs. ALTR: 17.51 )
N/A
PE(NRI) 24.30
ALTR's PE(NRI) is ranked higher than
77% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 58.00 vs. ALTR: 24.30 )
ALTR' s 10-Year PE(NRI) Range
Min: 11.82   Max: 48.7
Current: 24.3

11.82
48.7
P/B 3.43
ALTR's P/B is ranked higher than
52% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 2.10 vs. ALTR: 3.43 )
ALTR' s 10-Year P/B Range
Min: 2.79   Max: 10.33
Current: 3.43

2.79
10.33
P/S 5.97
ALTR's P/S is ranked lower than
56% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 1.98 vs. ALTR: 5.97 )
ALTR' s 10-Year P/S Range
Min: 3.11   Max: 10.49
Current: 5.97

3.11
10.49
PFCF 18.51
ALTR's PFCF is ranked higher than
82% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 117.74 vs. ALTR: 18.51 )
ALTR' s 10-Year PFCF Range
Min: 10   Max: 35.8
Current: 18.51

10
35.8
POCF 17.29
ALTR's POCF is ranked higher than
73% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 23.77 vs. ALTR: 17.29 )
ALTR' s 10-Year POCF Range
Min: 9.55   Max: 33.12
Current: 17.29

9.55
33.12
EV-to-EBIT 16.54
ALTR's EV-to-EBIT is ranked higher than
78% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 37.40 vs. ALTR: 16.54 )
ALTR' s 10-Year EV-to-EBIT Range
Min: 8   Max: 32.9
Current: 16.54

8
32.9
PEG 8.68
ALTR's PEG is ranked lower than
54% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 0.00 vs. ALTR: 8.68 )
ALTR' s 10-Year PEG Range
Min: 0.41   Max: 26.53
Current: 8.68

0.41
26.53
Shiller P/E 20.91
ALTR's Shiller P/E is ranked higher than
94% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 0.00 vs. ALTR: 20.91 )
ALTR' s 10-Year Shiller P/E Range
Min: 16.81   Max: 50
Current: 20.91

16.81
50
Current Ratio 5.72
ALTR's Current Ratio is ranked higher than
90% of the 1115 Companies
in the Global Semiconductors industry.

( Industry Median: 2.54 vs. ALTR: 5.72 )
ALTR' s 10-Year Current Ratio Range
Min: 2.34   Max: 6.78
Current: 5.72

2.34
6.78
Quick Ratio 5.45
ALTR's Quick Ratio is ranked higher than
92% of the 1115 Companies
in the Global Semiconductors industry.

( Industry Median: 1.92 vs. ALTR: 5.45 )
ALTR' s 10-Year Quick Ratio Range
Min: 1.98   Max: 6.5
Current: 5.45

1.98
6.5
Days Inventory 94.39
ALTR's Days Inventory is ranked higher than
62% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 90.27 vs. ALTR: 94.39 )
ALTR' s 10-Year Days Inventory Range
Min: 57.43   Max: 151.89
Current: 94.39

57.43
151.89
Days Sales Outstanding 71.40
ALTR's Days Sales Outstanding is ranked higher than
68% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 71.40 vs. ALTR: 71.40 )
ALTR' s 10-Year Days Sales Outstanding Range
Min: 14.75   Max: 101.76
Current: 71.4

14.75
101.76

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.86
ALTR's Dividend Yield is ranked higher than
56% of the 543 Companies
in the Global Semiconductors industry.

( Industry Median: 1.69 vs. ALTR: 1.86 )
ALTR' s 10-Year Dividend Yield Range
Min: 0.16   Max: 2.02
Current: 1.86

0.16
2.02
Dividend Payout 0.44
ALTR's Dividend Payout is ranked higher than
83% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 0.00 vs. ALTR: 0.44 )
ALTR' s 10-Year Dividend Payout Range
Min: 0.09   Max: 0.43
Current: 0.44

0.09
0.43
Dividend growth (3y) 33.10
ALTR's Dividend growth (3y) is ranked higher than
95% of the 227 Companies
in the Global Semiconductors industry.

( Industry Median: 2.00 vs. ALTR: 33.10 )
ALTR' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 33.1
Current: 33.1

0
33.1
Yield on cost (5-Year) 7.61
ALTR's Yield on cost (5-Year) is ranked higher than
92% of the 577 Companies
in the Global Semiconductors industry.

( Industry Median: 1.80 vs. ALTR: 7.61 )
ALTR' s 10-Year Yield on cost (5-Year) Range
Min: 0.64   Max: 8.1
Current: 7.61

0.64
8.1
Share Buyback Rate 1.60
ALTR's Share Buyback Rate is ranked higher than
94% of the 714 Companies
in the Global Semiconductors industry.

( Industry Median: -1.80 vs. ALTR: 1.60 )
ALTR' s 10-Year Share Buyback Rate Range
Min: 6.8   Max: -3.7
Current: 1.6

Valuation & Return

vs
industry
vs
history
Price/Net Cash 59.69
ALTR's Price/Net Cash is ranked higher than
81% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 0.00 vs. ALTR: 59.69 )
ALTR' s 10-Year Price/Net Cash Range
Min: 5.56   Max: 59.58
Current: 59.69

5.56
59.58
Price/Net Current Asset Value 20.56
ALTR's Price/Net Current Asset Value is ranked higher than
73% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 0.00 vs. ALTR: 20.56 )
ALTR' s 10-Year Price/Net Current Asset Value Range
Min: 5.01   Max: 20.63
Current: 20.56

5.01
20.63
Price/Tangible Book 3.59
ALTR's Price/Tangible Book is ranked higher than
58% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 2.78 vs. ALTR: 3.59 )
ALTR' s 10-Year Price/Tangible Book Range
Min: 3.08   Max: 9.27
Current: 3.59

3.08
9.27
Price/DCF (Projected) 1.24
ALTR's Price/DCF (Projected) is ranked higher than
92% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 0.00 vs. ALTR: 1.24 )
ALTR' s 10-Year Price/DCF (Projected) Range
Min: 0.87   Max: 3.36
Current: 1.24

0.87
3.36
Price/Median PS Value 1.00
ALTR's Price/Median PS Value is ranked higher than
79% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 1.17 vs. ALTR: 1.00 )
ALTR' s 10-Year Price/Median PS Value Range
Min: 0.62   Max: 2.02
Current: 1

0.62
2.02
Price/Graham Number 1.95
ALTR's Price/Graham Number is ranked higher than
76% of the 1177 Companies
in the Global Semiconductors industry.

( Industry Median: 4.50 vs. ALTR: 1.95 )
ALTR' s 10-Year Price/Graham Number Range
Min: 1.66   Max: 4.37
Current: 1.95

1.66
4.37
Earnings Yield (Greenblatt) 6.00
ALTR's Earnings Yield (Greenblatt) is ranked higher than
77% of the 1110 Companies
in the Global Semiconductors industry.

( Industry Median: 2.90 vs. ALTR: 6.00 )
ALTR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3   Max: 12.6
Current: 6

3
12.6
Forward Rate of Return (Yacktman) -0.29
ALTR's Forward Rate of Return (Yacktman) is ranked higher than
70% of the 436 Companies
in the Global Semiconductors industry.

( Industry Median: 7.01 vs. ALTR: -0.29 )
ALTR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -14.1   Max: 34.9
Current: -0.29

-14.1
34.9

Business Description

Industry: Semiconductors » Semiconductors
Compare:INTC, TSM, BRCM, ARMH, ADI » details
Traded in other countries:ALR.Germany,
Altera Corp was founded in 1983 and reincorporated in the State of Delaware in 1997. Altera is a global semiconductor company. The Company designs, manufactures, and markets high-performance, high-density programmable logic devices, or PLDs, HardCopy ASIC devices, pre-defined design building blocks known as intellectual property ('IP') cores, and associated development tools. Its PLDs, which consist of field-programmable gate arrays, or FPGAs, and complex programmable logic devices, or CPLDs, are semiconductor integrated circuits that are manufactured as standard chips that its customers program to perform desired logic functions within their electronic systems. With its HardCopy devices, the Company offers its customers a migration path from a PLD to a low-cost, high-volume, non-programmable implementation of their designs. Its customers could license IP cores from the Company for implementation of standard functions in their PLD designs. Customers develop, compile, and verify their PLD designs, and then program their designs into its PLDs using its proprietary development software, which operates on personal computers and engineering workstations. It serves over 13,000 customers within the Telecom and Wireless, Industrial Automation, Military and Automotive, Networking, Computer and Storage, and Other vertical markets. The Other vertical market includes sub-markets of broadcast, consumer, medical and test. The Company is first suppliers of complementary metal oxide semiconductor ('CMOS') PLDs. Its broad range of PLDs offer unique features as well as differing densities and performance specifications, and serve a range of customers. Its products consist primarily of devices, IP cores, and proprietary development tools. Its devices fall into the following four categories, spanning multiple architectures and families with numerous product options: FPGAs; CPLDs; HardCopy ASICs; and Configuration devices that store the programming code for its FPGAs. Its Stratix product families are built using advanced CMOS process technology and address a broad range of applications requiring system integration across all its markets. Its Arria product families are built using advanced CMOS process technology and enable a simplified transceiver-based design for applications requiring high-performance data transfer protocols. The Company's Cyclone product families are built using advanced CMOS process technology and bring programmable flexibility to cost-sensitive applications in all its markets. Its MAX families are instant-on, non-volatile CPLDs that are used in general purpose and portable designs for a broad range of electronics equipment. Its HardCopy ASICs offer customers a migration path from high density FPGA families to a low-cost ASIC for high-volume production. Semiconductor companies with whom the Company competes include Analog Devices Inc., Applied Micro Circuits Corporation, Avago Technologies, Broadcom Corporation, Freescale Semicon
» More Articles for ALTR

Headlines

Articles On GuruFocus.com
John Rogers Has Busy Third Quarter Nov 12 2014 
Altera: A Good Investment After The Dip Oct 28 2014 
Altera Benefits from Favorable Industry Trends Oct 07 2014 
Reasons of Xilinx´s Bright Future Oct 06 2014 
Why Is Altera A Better Pick in the FPGA market? Sep 23 2014 
Here's Why Investors Should Consider Altera for Their Portfolio Aug 31 2014 
LTE Traction and Intel Partnership Can Help Altera Deliver Long-Term Growth Aug 08 2014 
Why Altera Is the Best Pick in the Semiconductor Industry Jul 05 2014 
Is Taiwan Semiconductor Facing A Big Problem? Jun 23 2014 
Analyzing Intel's Partnership With Altera Jun 23 2014 

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