Altera (ALTR) stock soared just before the close Friday on a Wall Street Journal report that Intel is in talks to acquire the chipmaker. The deal would likely be No. 1 chipmaker Intel’s biggest acquisition, if it goes through. Altera’s market capitalization is roughly $11.5 billion. The Wall Street Journal reported that “terms of the potential deal and its timing couldn’t be learned, and it is possible there ultimately won’t be one.” Neither
John Daane was 13 years old when he first worked summers at his father’s company, which tested and repaired printed circuit boards. He never left electronics after that, though he didn’t take his dad’s preferred route. “The advice I got from my father was not to go into semiconductors,” Daane, CEO and president of Altera (ALTR), said with a laugh. Daane’s father didn’t like the cyclical nature of the chip industry or the paltry profits that came
Chip stocks got a boost Monday from a positive report by RBC Capital Markets analyst Doug Freedman. He upgraded five semiconductor stocks to outperform from market perform: Altera (ALTR), Broadcom (BRCM), Micron Technology (MU), Nvidia (NVDA) and Texas Instruments (TXN). Freedman also raised his price targets on the five stocks. And he reiterated his outperform rating and raised price targets on five other chip stocks: Avago Technologies (AVGO),