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Altair Engineering Inc

Altair Engineering Inc (ALTR)

96.61
-0.33
(-0.34%)
Closed June 14 4:00PM
96.61
0.00
(0.00%)
After Hours: 7:28PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
96.61
Bid
95.93
Ask
97.25
Volume
731,815
95.60 Day's Range 97.55
57.59 52 Week Range 98.41
Market Cap
Previous Close
96.94
Open
96.17
Last Trade
5
@
97.29
Last Trade Time
Financial Volume
$ 70,638,420
VWAP
96.525
Average Volume (3m)
406,165
Shares Outstanding
82,489,000
Dividend Yield
-
PE Ratio
-892.79
Earnings Per Share (EPS)
-0.11
Revenue
612.7M
Net Profit
-8.93M

About Altair Engineering Inc

Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassi... Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Most of its revenue comes from the software segment within the United States. Show more

Sector
Prepackaged Software
Industry
Prepackaged Software
Website
Headquarters
Wilmington, Delaware, USA
Founded
1970
Altair Engineering Inc is listed in the Prepackaged Software sector of the NASDAQ with ticker ALTR. The last closing price for Altair Engineering was $96.94. Over the last year, Altair Engineering shares have traded in a share price range of $ 57.59 to $ 98.41.

Altair Engineering currently has 82,489,000 shares outstanding. The market capitalization of Altair Engineering is $7.97 billion. Altair Engineering has a price to earnings ratio (PE ratio) of -892.79.

Altair Engineering (ALTR) Options Flow Summary

Overall Flow

Bearish

Net Premium

-29k

Calls / Puts

0.00%

Buys / Sells

100.00%

OTM / ITM

0.00%

Sweeps Ratio

0.00%

ALTR Latest News

Altair Establishes New Office in Dubai, United Arab Emirates

Altair Establishes New Office in Dubai, United Arab Emirates PR Newswire TROY, Mich., June 13, 2024 TROY, Mich., June 13, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in...

Altair's Leading Computational Intelligence Technology Drives NYYC American Magic Team's Quest to Win the 37th America's Cup

Altair's Leading Computational Intelligence Technology Drives NYYC American Magic Team's Quest to Win the 37th America's Cup Canada NewsWire TROY, Mich., June 12, 2024 TROY, Mich., June 12, 2024...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
111.1613.060269163385.4598.4185105390594.37571594CS
45.486.0133874684591.1398.4184.6949115492.19935976CS
129.1710.487191216887.4498.4177.406940616587.20666659CS
2622.1929.817253426574.4298.4173.21542448185.39225525CS
5219.4325.174915781377.1898.4157.5935184378.38446981CS
15631.0947.451159951265.5298.4143.1729951867.46107782CS
26061.12172.21752606435.4998.4123.0430954956.90807524CS

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ALTR Discussion

View Posts
Monksdream Monksdream 4 months ago
ALTR new 52 week high
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Monksdream Monksdream 6 months ago
ALTR new 52 week high
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whytestocks whytestocks 5 years ago
News: $ALTR Altair Announces Sale of $230 Million Aggregate Principal Amount of Convertible Senior Notes

TROY, Mich., June 14, 2019 (GLOBE NEWSWIRE) -- Altair Engineering Inc. (Nasdaq: ALTR) (“Altair”) today announced the closing of its public offering of convertible senior notes and the exercise in full of the underwriters’ option to purchase additional convertible senior...

In case you are interested https://marketwirenews.com/news-releases/altair-announces-sale-of-230-million-aggregate-principal-amount-of-convertible-senior-notes-8360256.html
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nimbustux nimbustux 7 years ago
King

trying to figure out where is ALTR - Altair Engineering?

Any ideas?

Thanks
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nimbustux nimbustux 7 years ago
oxnous,

i cant find that symbol here on Ihub. why did you say they are dead? i
did it trading @20.00

Thanks
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oxnous oxnous 7 years ago
Anyone think ALTR is a dead cat? Or just dead?

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KingDMC KingDMC 9 years ago
I'm all out $51.84. Not worth holding for several weeks to get $54...
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T695 T695 9 years ago
3 300k blocks in the last hr. When whoever is accumulating is done this should shoot up to 54 with no problem....hopefully anyway
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KingDMC KingDMC 9 years ago
What's it trading at though?.. I'm not gonna wait weeks for $54. Made some nice gains from $48.84.
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MONEYMADE MONEYMADE 9 years ago
$54 is the buyout..
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KingDMC KingDMC 9 years ago
Yeah this looks pinned at 51.80. I'll hold til EOD and see what happens. Hope that's not a mistake...
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KingDMC KingDMC 9 years ago
May be time for me to unload (considering). Looking too stuck in place here.
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KingDMC KingDMC 9 years ago
Gonna be held down tho for shit loads of covering
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KingDMC KingDMC 9 years ago
Yeah $54 and all cash deal. Heavy short position though I wonder how this shall play out.
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Pennylanepam Pennylanepam 9 years ago
So does this mean the stock is worth 54 now?
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KingDMC KingDMC 9 years ago
Nice job on those calls
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KingDMC KingDMC 9 years ago
Buyout price had been known for a whole month with all that crazy insider buying. Hundreds of thousands of shares.....
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KingDMC KingDMC 9 years ago
Shares halted!
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KingDMC KingDMC 9 years ago
Deal is official in all cash let's see what PPS does...
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KingDMC KingDMC 9 years ago
Intel to Acquire Altera

Source: Business Wire
Enables New Classes of Products in High-Growth Data Center and Internet of Things Market Segments

Combination Harnesses the Power of Moore’s Law to Accelerate Altera’s Existing Businesses

Expected to be Accretive to Non-GAAP EPS and Free Cash Flow in First Year After Close

Intel Corporation (NASDAQ: INTC) and Altera Corporation (NASDAQ: ALTR) today announced a definitive agreement under which Intel would acquire Altera for $54 per share in an all-cash transaction valued at approximately $16.7 billion.

The acquisition will couple Intel’s leading-edge products and manufacturing process with Altera’s leading field-programmable gate array (FPGA) technology. The combination is expected to enable new classes of products that meet customer needs in the data center and Internet of Things (IoT) market segments. Intel plans to offer Altera’s FPGA products with Intel Xeon® processors as highly customized, integrated products. The companies also expect to enhance Altera’s products through design and manufacturing improvements resulting from Intel’s integrated device manufacturing model.

“Intel’s growth strategy is to expand our core assets into profitable, complementary market segments,” said Brian Krzanich, CEO of Intel. “With this acquisition, we will harness the power of Moore’s Law to make the next generation of solutions not just better, but able to do more. Whether to enable new growth in the network, large cloud data centers or IoT segments, our customers expect better performance at lower costs. This is the promise of Moore’s Law and it’s the innovation enabled by Intel and Altera joining forces. We look forward to working with the talented team at Altera to deliver this value to our customers and stockholders.”

“Given our close partnership, we’ve seen firsthand the many benefits of our relationship with Intel—the world’s largest semiconductor company and a proven technology leader, and look forward to the many opportunities we will have together,” said John Daane, President, CEO and Chairman of Altera. “We believe that as part of Intel we will be able to develop innovative FPGAs and system-on-chips for our customers in all market segments. Together, we expect to drive meaningful value for our customers, partners and employees around the world. This is an exciting transaction that provides immediate and significant value to our stockholders. We look forward to working closely with the Intel team to ensure a smooth transition and complete the transaction as quickly as possible.”

Altera will become an Intel business unit to facilitate continuity of existing and new customer sales and support. Intel plans to continue support and development for Altera’s ARM-based and power management product lines.

The transaction is expected to be accretive to Intel’s non-GAAP EPS and free cash flow in the first year after close. Intel intends to fund the acquisition, which is expected to close within six to nine months, with a combination of cash from the balance sheet and debt.

The transaction has been unanimously approved by the Intel and Altera Boards of Directors and is subject to certain regulatory approvals and customary closing conditions, including the approval of Altera’s stockholders.

J.P. Morgan Securities LLC and Rothschild Inc. are serving as financial advisors and Gibson, Dunn & Crutcher LLP and Weil, Gotshal & Manges LLP are serving as legal advisors to Intel. Goldman, Sachs & Co. is serving as the exclusive financial advisor to Altera and Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as legal advisor to Altera.

For more information, investors are encouraged to visit intelacquiresaltera.transactionannouncement.com, which will be used by Intel and Altera to disclose information about the transaction and comply with Regulation FD.
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KingDMC KingDMC 9 years ago
Intel Nears Agreement to Buy Altera for About $54 a Share -- Update

Source: Dow Jones News
By Dana Cimilluca, Dana Mattioli and Don Clark
Intel Corp.'s on-again-off-again attempt to buy Altera Corp. is on the cusp of succeeding, as the chip maker prepares to announce the roughly $17 billion acquisition Monday, a move that would allow it to boost revenue and help defend a key business.

Altera stockholders will receive about $54 a share, people familiar with the matter said, around the price the company rejected in April in an earlier round of negotiations.

There is, as always, a chance the deal could fall apart at the last minute.

The expected price is 56% higher than the one at which Altera traded before The Wall Street Journal first reported talks between the companies on March 27. Altera's shares closed Friday at $48.85.

Intel's bid continues a consolidation wave in the semiconductor industry, as companies search for new sources of revenue growth and target chip makers finding it hard to boost profitability on their own. Avago Technologies Ltd. on Thursday announced a $37 billion deal to buy Broadcom Corp., the largest technology acquisition on record.

The companies in the latest transaction are already partners. Intel's factories churn out some high-end semiconductors for Altera, which designs chips but turns to external manufacturers to make them.

Intel, the kingpin of processor chips, is expected to use the smaller company's line of programmable chips to get revenue growth at a time when a slowdown in personal-computer demand is crimping its own growth.

Altera's business is also widely seen as a way for Intel to protect its stronghold in chips for server systems, a market that generated more than half of Intel's operating profit in the quarter ended in March. Companies have lately been using chips from Altera and rival Xilinx Inc. to help speed up their servers, and some analysts believe Intel needs to have an internal source of the technology to respond to the trend.

Talks between the companies broke off in April, when Altera rejected an offer from Intel around $54 a share, people familiar with the matter have said. Altera's decision angered some of its major investors, who were skeptical that the company could reach such a price any time soon based on its own efforts. Talks then resumed in May, people familiar with the situation said.

Intel, based in Santa Clara, Calif., is known for general-purpose microprocessor chips that can be programmed to perform a near-infinite variety of computing tasks. But some kinds of operations--like converting a video from one format into another, or encrypting data so unauthorized people can't read it--can be executed more quickly using circuitry that is custom-tailored for the specific task.

Some big electronics companies still design custom chips for their products. But the cost of doing so has risen steadily over the years, so the practice only makes sense for hardware makers that have large sales volumes that will generate a return for their design investment.

Altera, along with Xilinx, popularized a middle path. They sell chips called field-programmable gate arrays, or FPGAs, that are configured by customers after they leave the factory. Each chip contains blocks of circuitry for specific kinds of processing or data-storage jobs, and programmers can select and arrange how electrical signals travel between them.

The result isn't as fast as a specialized chip designed from scratch but has long been an attractive option in certain markets---particularly in hardware such as cellular base stations and switching systems. And a newer trend--using FPGAs alongside server systems in large data centers--is making the technology particular important for Intel's future.

Intel sells more than 90% of the chips used in servers, the mainstay for jobs like delivering email and Web pages. While the company gets most of its revenue from chips for personal computers, its Xeon server chips are much more profitable. So Intel has an incentive to go to great lengths to keep server buyers happy.

Some of those companies, particularly Wall Street investment banks and big Web services, have been experimenting with non-Intel technologies to carry out computing chores faster or with lower power consumption. International Business Machines Corp. is working with a series of partners to try to position its Power chips for Web applications. Users of technology from ARM Holdings PLC, the standard in smartphones, are also trying to penetrate the data center.

Still another tack is to use FPGAs along with Intel's chips or other processors to speed up computing jobs. Microsoft Corp., for example, has been testing the use of Altera FPGAs to get answers faster with its Bing search engine.

Intel has responded to the technology changes in several ways, including customizing chips for some big customers and packaging its Xeon chips with FPGAs. But there is another approach that could pose an even bigger threat in the future, analysts say--putting a processor and an FPGA on one piece of silicon, which allows much faster communications than putting two chips next to each other.

Altera and Xilinx have recently been offering customers FPGAs that have ARM processors embedded in them. Intel, to help get comparable speed benefits and counter rivals like ARM, needs to be able to sell chips that have a similar combination of processor and FPGA technology, some analysts say.
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KingDMC KingDMC 9 years ago
$17B / 300M = $56.67 a share. Looks like $56 or $57 rounded up.
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KingDMC KingDMC 9 years ago
Yeah had to take off some risk just in case. Was nervous. I'm still learning.
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Pennylanepam Pennylanepam 9 years ago
You already anead buying 48.78 sold half 50.50 AM
No worries, I just was scared , almost pulled the trigger at EOD but then didnt

Thats the difference between a pro and a amateur trader
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KingDMC KingDMC 9 years ago
Sounds a bit more confirmed check stocktwits. I'm sure it's a done deal im just hoping the PPS reflects the buyout. Should be an interesting day...
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Pennylanepam Pennylanepam 9 years ago
They referring to the same aony same anonymous source that was quoted on friday, no news so far, still hoping you right. I am kinda careful with lottery play since the chinese flop
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KingDMC KingDMC 9 years ago
$15B equated to $54, and $18B equates to about $58....so I agree, I'm thinking $56-$57. We'll find out tomorrow. Idk how $17B would pay $54 a share so I def agree with you.
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T695 T695 9 years ago
I got a funny feeling it's going to be slightly over 54
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T695 T695 9 years ago
Great
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KingDMC KingDMC 9 years ago
WSJ reporting deal to be announced Monday for about $17 billion. Should equate to about $56-$58 a share, but depends on number of OS shares that could make it less.

Intel Nears Agreement to Buy Altera for About $54 a Share

Deal valuing Altera at about $17 billion to be announced Monday
By DANA CIMILLUCA, DANA MATTIOLI and DON CLARK

Updated May 31, 2015 2:57 p.m. ET
Intel Corp.’s on-again-off-again attempt to buy Altera Corp. is on the cusp of succeeding, as the chip maker prepares to announce the roughly $17 billion acquisition Monday, a move that would allow it to boost revenue and help defend a key business.

Altera stockholders will receive about $54 a share, people familiar with the matter said, around...
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KingDMC KingDMC 9 years ago
WSJ reporting deal to be announced Monday for about $17 billion. Should equate to about $56-$58 a share, but depends on number of OS shares that could make it less.

Intel Nears Agreement to Buy Altera for About $54 a Share

Deal valuing Altera at about $17 billion to be announced Monday
By DANA CIMILLUCA, DANA MATTIOLI and DON CLARK

Updated May 31, 2015 2:57 p.m. ET
Intel Corp.’s on-again-off-again attempt to buy Altera Corp. is on the cusp of succeeding, as the chip maker prepares to announce the roughly $17 billion acquisition Monday, a move that would allow it to boost revenue and help defend a key business.

Altera stockholders will receive about $54 a share, people familiar with the matter said, around...

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Mma20 Mma20 9 years ago
Says 54 it spiked ah for some reason
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Pennylanepam Pennylanepam 9 years ago
I hope thats whats going to happen, I just didnt see the market buy it today, for a possible $54 buyout plus since they rejected the $54 before, I wouldve expected a minimum of a $51 close today

However it might close on tuesday and monday we see a runner

I just dont have that kinda $$ to invest into a speculator play

Whish you a home run my friend
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KingDMC KingDMC 9 years ago
Counted about 33 insider buys (most of them between 10k and 30k shares) from 5/4-5/14. Wonder if it has anything to do with this takeover. Monday will be interesting. Have a good weekend.
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KingDMC KingDMC 9 years ago
Sold half mid $50's. Holding the rest.
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KingDMC KingDMC 9 years ago
Right on. Already up close to $4k just AH. Hope they come through on the BO.
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T695 T695 9 years ago
This is ALTR power hour right here
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KingDMC KingDMC 9 years ago
Understandable. Thanks!
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Pennylanepam Pennylanepam 9 years ago
Didnt touch it, something is not right, just a feeling, why the dumping it below 49 all day long

Will see on monday

Glty
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KingDMC KingDMC 9 years ago
In 48.84 for a weekend gamble.
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Mma20 Mma20 9 years ago
I got the 52 for next week
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KingDMC KingDMC 9 years ago
Probably waiting to see how much is in cash and how much is in shares. The more cash the better!
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Mma20 Mma20 9 years ago
I don't get it Brotha .. If share price is 54 why we at 49 still.. And I think brcm will get a higher bid
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KingDMC KingDMC 9 years ago
No the market is down. I'll be buying the close wherever it is.
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KingDMC KingDMC 9 years ago
Looks like a deal may have struck...
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T695 T695 9 years ago
Easy money
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KingDMC KingDMC 9 years ago
This is a buy and hold over the weekend for $54 a share easy money.
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KingDMC KingDMC 9 years ago
Altera Speeds IEC 61508-compliant Designs with Certified 28 nm FPGAs, SoCs, and Toolflows

Source: PR Newswire (US)
SAN JOSE, Calif., May 18, 2015 /PRNewswire/ -- Altera Corporation (NASDAQ: ALTR) today announced the availability of the latest version of its Industrial Functional Safety Data Package (Ver. 3), for systems designers using Altera field programmable gate arrays (FPGAs). The safety pack provides TUV Rheinland-certified toolflows, IP and devices including Cyclone V FPGAs, enabling faster time for market for industrial safety solutions to IEC 61508 up to Safety Integrity Level 3 (SIL3).

Altera Corporation addresses safety mandates in industrial and manufacturing settings with its new Functional Safety Data Package 3. The solution, aimed at systems designers using Altera field programmable gate arrays, provides T?V Rhineland-certified tool flows, IP and devices including Cyclone V FPGAs, enabling faster time for market for industrial safety solutions to IEC 61508 up to Safety Integrity Level 3 (SIL3).
Under industrial safety mandates, industrial equipment must be certified to ensure electrical, electronic or programmable electronic systems that carry out safety functions meet industry-standard safety guidelines. Generally, such products must fulfill requirements of the IEC 61508 standard to safety integrity level 3 (SIL 3), and meet the ISO 13849 standard to performance level category 4 (PL e Cat 4.)

In addition, as the complexity of safety designs increases, the need to provide advanced safety functions and to integrate safety functionality with the application, has led to the need for advanced certified toolflows, such as Altera Safety Design Partitioning toolflow, offered in this latest version of the Functional Safety Data Package. This partitioning toolflow gives designers the ability to separate the safe and non-safe portions of the design, allowing user updates of the non-safe portion with minimal safety re-certification effort.

"Without certified toolflows such as those Altera's safety package provides, customers are left with the challenge of certifying the tools and devices themselves, which require they use older versions of the tools and subsequently, older less-capable technology," said Roger May, system architect and Functional Safety lead in the Altera Industrial Business Unit, "With the release of our third generation of our Functional Safety Data Package, customers can continue to confidently use Altera's latest devices and toolflows to address the challenges they are seeing today in designing safety systems."

For more information on the Altera industrial automation and functional safety solutions, please visit https://www.altera.com/solutions/industry/industrial/applications/automation/functional-safety.html.

Altera-based Board from NewTec Now Available

Altera today, also announced the availability the Cyclone V-based SafeFlex Functional Safety board from partner NewTec GmbH, which was demonstrated at the SPS IC Drives event in Nuremberg, in November, 2014 and satisfies the requirement for IEC 61508 to SIL 3in addition to ISO 13849 to PL e Cat 4. The board and associated documentation and reference design will allow systems designers who are new to safety to understand best industry practices when implementing safety systems up to SIL3 & PL e Cat 4 on Altera FPGA's,. allowing Altera customers to accelerate their designs. For more information on the SafeFlex board visit www.newtec.de/web/en/spectrum/SafetySolutions/SafeFlex/SafeFlex.php

Altera Cyclone FPGAs

Altera's Cyclone® V FPGAs provide the industry's lowest system cost and power, along with performance levels that make the device family ideal for differentiating your high-volume applications. With up to 40 percent lower total power compared with the previous generation, they offer efficient logic integration capabilities, integrated transceiver variants enabling great flexibility for systems designers.
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KingDMC KingDMC 9 years ago
Volume spike
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Positivevibes Positivevibes 9 years ago
Why did these greedy *%&W# turn down $54 a share. WTF! I am officially out of the game now and will never come back.
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