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33.91 (1y: +1%)
Market Cap 10.85 B P/E(ttm) 19.60
Enterprise Value 8.23 B P/B 3.30
ALTR- NAS (USA)
Altera Corp.
  • Currently 4.5/5
Business Predictability Rank: 4.5-Star (On Watch)
Back Testing Results:
Average gain of all 4.5-Star stocks: 10.6% per year.
% of Stocks that are in still loss if held for 10yrs: 10%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$33.91
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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 6.035
ALTR's Cash to Debt is ranked higher than
50% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 10000.00 vs. ALTR: 6.035 )
ALTR' s 10-Year Cash to Debt Range
Min: 2.43   Max: No Debt
Current: 6.04
Equity to Asset 0.716
ALTR's Equity to Asset is ranked higher than
66% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 0.59 vs. ALTR: 0.716 )
ALTR' s 10-Year Equity to Asset Range
Min: 0.43   Max: 0.83
Current: 0.72
0.43
0.83
Interest Coverage No Debt
ALTR's Interest Coverage is ranked higher than
70% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 10000.00 vs. ALTR: No Debt )
ALTR' s 10-Year Interest Coverage Range
Min: 1693   Max: No Debt
Current: No Debt
F-Score: 5
Z-Score: 6.98
M-Score: -0.2
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 : 8/10

vs
industry		 vs
history
Operating margin (%) 33.20
ALTR's Operating margin (%) is ranked higher than
97% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.60 vs. ALTR: 33.20 )
ALTR' s 10-Year Operating margin (%) Range
Min: -6.3   Max: 44.4
Current: 33.2
-6.3
44.4
Net-margin (%) 31.2
ALTR's Net-margin (%) is ranked higher than
98% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.40 vs. ALTR: 31.2 )
ALTR' s 10-Year Net-margin (%) Range
Min: -4.7   Max: 40.1
Current: 31.2
-4.7
40.1
ROE (%) 16.7
ALTR's ROE (%) is ranked higher than
93% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.00 vs. ALTR: 16.7 )
ALTR' s 10-Year ROE (%) Range
Min: -3.6   Max: 45
Current: 16.7
-3.6
45
ROA (%) 12
ALTR's ROA (%) is ranked higher than
94% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.20 vs. ALTR: 12 )
ALTR' s 10-Year ROA (%) Range
Min: -2.9   Max: 24.8
Current: 12
-2.9
24.8
ROC (Joel Greenblatt) (%) 181.50
ALTR's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 4.80 vs. ALTR: 181.50 )
ALTR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -18.1   Max: 1429.5
Current: 181.5
-18.1
1429.5
Revenue Growth (%) 8.1
ALTR's Revenue Growth (%) is ranked higher than
89% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 4.80 vs. ALTR: 8.1 )
ALTR' s 10-Year Revenue Growth (%) Range
Min: -10.5   Max: 14.8
Current: 8.1
-10.5
14.8
EBITDA Growth (%) 14.7
ALTR's EBITDA Growth (%) is ranked higher than
94% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 5.00 vs. ALTR: 14.7 )
ALTR' s 10-Year EBITDA Growth (%) Range
Min: -17   Max: 106.5
Current: 14.7
-17
106.5
EPS Growth (%) 19.6
ALTR's EPS Growth (%) is ranked higher than
93% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.90 vs. ALTR: 19.6 )
ALTR' s 10-Year EPS Growth (%) Range
Min: -23.9   Max: 33.9
Current: 19.6
-23.9
33.9
» ALTR's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

ALTR Guru Trades in Q2 2012

Ray Dalio 77,777 sh (New)
Louis Moore Bacon 25,000 sh (New)
Paul Tudor Jones 75,000 sh (New)
Bruce Kovner 17,999 sh (New)
Steven Cohen 20,100 sh (+165.38%)
John Hussman 952,000 sh (unchged)
Jim Simons 4,679,600 sh (-7.74%)
Pioneer Investments 1,181,735 sh (-8.07%)
PRIMECAP Management 14,931,351 sh (-18.99%)
Joel Greenblatt 28,325 sh (-31.11%)
» More
Q3 2012

ALTR Guru Trades in Q3 2012

Steven Cohen 61,663 sh (+206.78%)
Joel Greenblatt 40,800 sh (+44.04%)
Bruce Kovner Sold Out
John Hussman Sold Out
Paul Tudor Jones Sold Out
Louis Moore Bacon Sold Out
Pioneer Investments 1,146,330 sh (-3%)
PRIMECAP Management 13,895,735 sh (-6.94%)
Jim Simons 3,875,400 sh (-17.19%)
Ray Dalio 19,177 sh (-75.34%)
» More
Q4 2012

ALTR Guru Trades in Q4 2012

George Soros 50,000 sh (New)
Steven Cohen 491,477 sh (+697.04%)
Ray Dalio Sold Out
Joel Greenblatt Sold Out
PRIMECAP Management 13,119,135 sh (-5.59%)
Pioneer Investments 973,253 sh (-15.1%)
Jim Simons 2,455,200 sh (-36.65%)
» More
Q1 2013

ALTR Guru Trades in Q1 2013

Chris Davis 48,800 sh (New)
George Soros 75,000 sh (+50%)
PRIMECAP Management 9,724,400 sh (-25.88%)
Jim Simons 1,541,500 sh (-37.21%)
Pioneer Investments 541,404 sh (-44.37%)
Steven Cohen 144,600 sh (-70.58%)
» More
» Details

Insider Trades

Latest Guru Trades with ALTR

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
PRIMECAP Management 2013-03-31 Reduce -25.88%0.19%$33.27 - $36.25 $ 33.91-3%9724400
George Soros 2013-03-31 Add 50%0.01%$33.27 - $36.25 $ 33.91-3%75000
Joel Greenblatt 2012-12-31 Sold Out 0.09%$29.89 - $34.74 $ 33.915%0
George Soros 2012-12-31 New Buy0.02%$29.89 - $34.74 $ 33.915%50000
Ray Dalio 2012-12-31 Sold Out 0.01%$29.89 - $34.74 $ 33.915%0
John Hussman 2012-09-30 Sold Out 0.61%$30.67 - $38.16 $ 33.91-3%0
Joel Greenblatt 2012-09-30 Add 44.04%0.03%$30.67 - $38.16 $ 33.91-3%40800
Ray Dalio 2012-09-30 Reduce -75.34%0.03%$30.67 - $38.16 $ 33.91-3%19177
Joel Greenblatt 2012-06-30 Reduce -31.11%0.04%$32.2 - $39.45 $ 33.91-2%28325
Ray Dalio 2012-06-30 New Buy0.04%$32.2 - $39.45 $ 33.91-2%77777
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 19.60
ALTR's P/E(ttm) is ranked higher than
75% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 18.76 vs. ALTR: 19.60 )
ALTR' s 10-Year P/E(ttm) Range
Min: 11.82   Max: 238.57
Current: 19.6
11.82
238.57
P/B 3.30
ALTR's P/B is ranked lower than
83% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.28 vs. ALTR: 3.30 )
ALTR' s 10-Year P/B Range
Min: 2.91   Max: 22.22
Current: 3.3
2.91
22.22
P/S 6.10
ALTR's P/S is ranked lower than
94% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.10 vs. ALTR: 6.10 )
ALTR' s 10-Year P/S Range
Min: 3.11   Max: 25.1
Current: 6.1
3.11
25.1
PFCF 18.30
ALTR's PFCF is ranked higher than
53% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 15.69 vs. ALTR: 18.30 )
ALTR' s 10-Year PFCF Range
Min: 10   Max: 347.11
Current: 18.3
10
347.11
EV-to-EBIT 13.5
ALTR's EV-to-EBIT is ranked higher than
80% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 14.70 vs. ALTR: 13.5 )
ALTR' s 10-Year EV-to-EBIT Range
Min: 8   Max: 317
Current: 13.5
8
317
PEG 1.2
ALTR's PEG is ranked higher than
99% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.93 vs. ALTR: 1.2 )
ALTR' s 10-Year PEG Range
Min: 0.37   Max: 26.53
Current: 1.2
0.37
26.53
Shiller P/E 20.2
ALTR's Shiller P/E is ranked higher than
87% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 14.80 vs. ALTR: 20.2 )
ALTR' s 10-Year Shiller P/E Range
Min: 16.81   Max: 53.1
Current: 20.2
16.81
53.1

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.20
ALTR's Dividend Yield is ranked higher than
60% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.71 vs. ALTR: 1.20 )
ALTR' s 10-Year Dividend Yield Range
Min: 0.16   Max: 1.36
Current: 1.2
0.16
1.36
Dividend Payout 0.2191
ALTR's Dividend Payout is ranked higher than
98% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 0.71 vs. ALTR: 0.2191 )
ALTR' s 10-Year Dividend Payout Range
Min: 0.09   Max: 0.24
Current: 0.22
0.09
0.24
Dividend growth (3y) 15.8
ALTR's Dividend growth (3y) is ranked higher than
99% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.55 vs. ALTR: 15.8 )
ALTR' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 16.4
Current: 15.8
0
16.4
Yield on cost (5-Year) 2.69
ALTR's Yield on cost (5-Year) is ranked higher than
76% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.83 vs. ALTR: 2.69 )
ALTR' s 10-Year Yield on cost (5-Year) Range
Min: 0.36   Max: 3.05
Current: 2.69
0.36
3.05
Share Buyback Rate -2.2
ALTR's Share Buyback Rate is ranked higher than
82% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: -1.55 vs. ALTR: -2.2 )
ALTR' s 10-Year Share Buyback Rate Range
Min: 5.2   Max: -2.2
Current: -2.2

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 6.4
ALTR's Price/Net Cash is ranked higher than
94% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 5.30 vs. ALTR: 6.4 )
ALTR' s 10-Year Price/Net Cash Range
Min: 5.7   Max: 60.4
Current: 6.4
5.7
60.4
Price/Net Current Asset Value 33.6
ALTR's Price/Net Current Asset Value is ranked higher than
97% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 6.80 vs. ALTR: 33.6 )
ALTR' s 10-Year Price/Net Current Asset Value Range
Min: 31.8   Max: 124.8
Current: 33.6
31.8
124.8
Price/Tangible Book 3.3
ALTR's Price/Tangible Book is ranked higher than
90% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.40 vs. ALTR: 3.3 )
ALTR' s 10-Year Price/Tangible Book Range
Min: 3.3   Max: 8.8
Current: 3.3
3.3
8.8
Price/DCF (Projected) 1
ALTR's Price/DCF (Projected) is ranked higher than
89% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.10 vs. ALTR: 1 )
ALTR' s 10-Year Price/DCF (Projected) Range
Min: 0.9   Max: 2.7
Current: 1
0.9
2.7
Price/Median PS Value 0.9
ALTR's Price/Median PS Value is ranked higher than
90% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 0.80 vs. ALTR: 0.9 )
ALTR' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.6
Current: 0.9
0.6
1.6
Price/Peter Lynch Fair Value 1.1
ALTR's Price/Peter Lynch Fair Value is ranked higher than
96% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.70 vs. ALTR: 1.1 )
ALTR' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.6   Max: 3.5
Current: 1.1
0.6
3.5
Price/Graham Number 1.7
ALTR's Price/Graham Number is ranked higher than
88% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 1.10 vs. ALTR: 1.7 )
ALTR' s 10-Year Price/Graham Number Range
Min: 1.7   Max: 4.6
Current: 1.7
1.7
4.6
Earnings Yield (Greenblatt) 7.40
ALTR's Earnings Yield (Greenblatt) is ranked higher than
87% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 5.60 vs. ALTR: 7.40 )
ALTR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 12.6
Current: 7.4
0.3
12.6
Forward Rate of Return (Yacktman) 23
ALTR's Forward Rate of Return (Yacktman) is ranked higher than
95% of the 622 Companies
in the Global Semiconductors industry.

( Industry Median: 2.30 vs. ALTR: 23 )
ALTR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -15.3   Max: 38.1
Current: 23
-15.3
38.1

Business Description

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, Broadcom Corporation, Freescale Semiconductor Inc., Intel
Company Website
SEC Reports
Industry: Semiconductors
Compare:INTC, TSM, BRCM, ARMH, ADI
Traded in other countries:ALR.Germany
» More Articles for ALTR

Headlines

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Dividend Roundup: ALTR, NUS, XTEX, XTXI, CMRE, LNN Jul 19 2011 
Altera Corp. (ALTR) Sr Vice President & CFO Ronald J Pasek sells 18,750 Shares Feb 17 2011 

More From Our Partners
Altera' Enpirion Buy Boosts FPGA Line - Analyst Blog May 16 2013 - ZACKS

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