While we continue to like the long-term fundamentals of the FPGA industry, we view ALTR stock as fairly valued at current levels.

FORBES: Altera: Auriga Downgrades

After the close of trading yesterday, chip makers Texas Instruments (TXN) and Altera (ALTR) both cut their forecasts for the fourth quarter.

FORBES: Texas Instruments, Altera Cut Outlooks

Last week, both Texas Instruments (TXN) and Altera (ALTR) cut their fourth quarter outlooks on weaker demand in the markets they supply chips to.

FORBES: Intel Cuts Q4 Revenue Guidance