Altera (ALTR) - FREE Research Report Nevens Thomas Michael who is Director at Altera sold 8,381 shares at $38.66 on Sept. 13, 2013. Following this transaction, the Director owned 0 shares meaning that the stake was reduced by 100% with the 8,381 share transaction. The shares most recently traded at $38.05, down $0.61, or 1.6% since the insider transaction. Historical insider transactions for Altera go as follows:
12-Week # shares sold: 58,511
24-Week # shares sold: 77,823
The average volume for Altera has been 3.0 million shares per day over the past 30 days. Altera has a market cap of $12.4 billion and is part of the technology sector and electronics industry. Shares are up 12.82% year to date as of the close of trading on Friday. Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and proprietary development software. The stock currently has a dividend yield of 1.55%. The company has a P/E ratio of 24.9. Currently there are 10 analysts that rate Altera a buy, no analysts rate it a sell, and 10 rate it a hold. Exclusive Offer: Get the latest Stock Analysis on ALTR - FREETheStreet Quant Ratings rates Altera as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Altera Ratings Report from TheStreet Quant Ratings now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.