Catamount Maintains Buy Ratings on XLNX and ALTR

A report from Catamount reiterates its Buy ratings on Xilinx Inc. XLNX and Altera Corporation ALTR. Catamount states that it, “flipped [its] preference from XLNX to ALTR”. Catamount goes on to write, “Given roughly parity in terms of valuation, we prefer Altera shares now given market share gains at 40 nm for the next several quarters and valuation.” Yesterday ALTR closed at $32.53 and XLNX closed at $28.28.