Media headlines about Altair Engineering (NASDAQ:ALTR) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Altair Engineering earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave media stories about the semiconductor manufacturer an impact score of 46.3372955599365 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several analysts have commented on the stock. J P Morgan Chase & Co assumed coverage on shares of Altair Engineering in a research report on Monday, November 27th. They issued a “neutral” rating and a $25.00 price objective on the stock. William Blair assumed coverage on shares of Altair Engineering in a research report on Monday, November 27th. They issued an “outperform” rating on the stock. Deutsche Bank assumed coverage on shares of Altair Engineering in a research report on Monday, November 27th. They issued a “buy” rating and a $28.00 price objective on the stock. Canaccord Genuity assumed coverage on shares of Altair Engineering in a research report on Monday, November 27th. They issued a “hold” rating and a $25.00 price target on the stock. Finally, Royal Bank Of Canada assumed coverage on shares of Altair Engineering in a research report on Monday, November 27th. They issued a “sector perform” rating and a $26.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $26.00.

Altair Engineering (ALTR) opened at $23.46 on Friday. Altair Engineering has a 12 month low of $16.55 and a 12 month high of $25.59. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of -1.46.

Altair Engineering (NASDAQ:ALTR) last issued its quarterly earnings data on Thursday, November 30th. The semiconductor manufacturer reported ($0.59) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.63). The company had revenue of $84.90 million for the quarter, compared to the consensus estimate of $83.07 million. Altair Engineering’s revenue was up 8.7% on a year-over-year basis. sell-side analysts expect that Altair Engineering will post 0.23 earnings per share for the current fiscal year.

In other news, CEO James Ralph Scapa sold 1,734,996 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $12.09, for a total value of $20,976,101.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Gc Investments Llc sold 800,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $12.09, for a total transaction of $9,672,000.00. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

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About Altair Engineering

Altera Corporation is a semiconductor company that designs and sells a range of products, including programmable logic devices (PLDs), highly integrated power devices, pre-defined design building blocks and development software. PLDs consist of field-programmable gate arrays (FPGAs), which are semiconductor integrated circuits, or chips, that the Company’s customers program to perform desired logic and processing functions in their electronic systems.

Insider Buying and Selling by Quarter for Altair Engineering (NASDAQ:ALTR)

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