NEW YORK (TheStreet) -- Shares of Altera  (ALTR) ended Monday's trading day up almost 6%, making it TheStreet's Move of  the Day. 

The stock rose after Intel  (INTC) said it was buying the San Jose, Calif.-based chip manufacturer for roughly $16.7 billion in cash, or $54 per share.

As for Intel, S&P holds a buy rating.

At $51.70 a share, Altera is trading roughly 35 times greater than its pre-share earnings last year, compared to Intel's multiple of about 14, according to data compiled by Bloomberg.

Shares of Altera have returned about 40% since the start of the year, while Intel shares have fallen 6.5%. 

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