J.P. Morgan Reiterates Neutral Rating On Altera (ALTR)

J.P. Morgan (NYSE: JPM) released a research report today reiterating their Neutral rating and $22.00 price target on shares of Altera (NASDAQ: ALTR). The analysts wrote that they believe ALTR is overshipping end demand, and are worried about an inventory build at the company. During the current trading session, ALTR shares have fallen 1.49% to $22.92, which is still above JPM's price target.

Altera Corporation (ALTR) is a semiconductor company. The Company designs, manufactures and markets programmable logic devices (PLDs), HardCopy application-specific integrated circuits (ASICs), pre-defined design building blocks, known as intellectual property (IP) cores, and associated development tools.