Altera (ALTR) was upgraded from Hold to Buy, Citigroup said. $25 price target. Stock has pulled back sharply since the recent earnings call, and the company is still expected to deliver 8% earnings growth in 2008.

Altera repurchased 10.8 million shares of its common stock during the quarter at a cost of $255 million. As of the end of the third quarter, Altera has, year to date, repurchased 32 million shares at a cost of $717 million. Repurchases in 2007 are part of a previously announced plan to repurchase up to $1.5 billion of the company's common stock through 2007 and the first half of 2008. Altera ended the quarter with $1.2 billion in cash and investments.

Altera recently announced a $500 million dollar buyback which adds to its prior plan.

The programmable chipmaker also recently reaffirmed its forecast that third-quarter sales would be flat to 3 percent higher compared with the second quarter of this year.

The stock has a forward PE of 21.

90
mkt cap - 8.05B
roa - 10.88
roe - 23.89
trailing p/e - 24.86
fwd p/e - 20.87
PEG - 1.44
# qtrs missed in last 4: 0

Sep 25 - .20

Downgraded by AG Edwards from Buy to Hold

it MOVES and is at a good point to watch

good tech stock

Upgraded by AG Edwards from Hold to Buy

Downgraded by Caris & Company from Buy to Above Average

prefer wallmart