Canaccord Genuity Reiterates a 'Hold' on Altera (ALTR); Q1 Review
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Price: $80.77 --0%
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 6
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 6
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Canaccord Genuity reiterates a 'Hold' on Altera (NASDAQ: ALTR) price target of $40.00.
Analyst, Bobby Burleson, said, "We reiterate our rating following the company’s revenue miss and soft guidance, based on our expectation for a slower FPGA recovery versus general semis. We are encouraged by strong Q/Q growth, and expect the pick-up in LTE base station demand to accelerate in the September quarter. Our favorite LTE base station play is Integrated Device Technology (Nasdaq: IDTI)(BUY), whose new product revenue in F2013 (ends March 2013) should benefit from a ramp for serial rapid I/O. "
For an analyst ratings summary and ratings history on Altera click here. For more ratings news on Altera click here.
Shares of Altera closed at $38.50 yesterday.
Analyst, Bobby Burleson, said, "We reiterate our rating following the company’s revenue miss and soft guidance, based on our expectation for a slower FPGA recovery versus general semis. We are encouraged by strong Q/Q growth, and expect the pick-up in LTE base station demand to accelerate in the September quarter. Our favorite LTE base station play is Integrated Device Technology (Nasdaq: IDTI)(BUY), whose new product revenue in F2013 (ends March 2013) should benefit from a ramp for serial rapid I/O. "
For an analyst ratings summary and ratings history on Altera click here. For more ratings news on Altera click here.
Shares of Altera closed at $38.50 yesterday.
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