Berenberg Bank initiated coverage on shares of Altair Engineering (NASDAQ:ALTR) in a research report released on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $33.00 price objective on the semiconductor manufacturer’s stock.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada began 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 objective for the company. Canaccord Genuity initiated coverage on shares of Altair Engineering in a research note on Monday, November 27th. They set a hold rating and a $25.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Altair Engineering in a research note on Monday, November 27th. They set a neutral rating and a $25.00 target price for the company. Deutsche Bank initiated coverage on shares of Altair Engineering in a research note on Monday, November 27th. They set a buy rating and a $28.00 target price for the company. Finally, William Blair initiated coverage on shares of Altair Engineering in a research note on Monday, November 27th. They set an outperform rating for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $27.40.

Altair Engineering (NASDAQ ALTR) opened at $27.29 on Tuesday. Altair Engineering has a 1 year low of $16.55 and a 1 year high of $28.90. The company has a debt-to-equity ratio of -1.31, a quick ratio of 0.51 and a current ratio of 0.52.

Altair Engineering (NASDAQ:ALTR) last issued its quarterly earnings data on Thursday, November 30th. The semiconductor manufacturer reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.63). The business had revenue of $84.90 million for the quarter, compared to analyst estimates of $83.07 million. Altair Engineering’s quarterly revenue was up 8.7% on a year-over-year basis. analysts forecast that Altair Engineering will post 0.22 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Altair Engineering stock. Schwab Charles Investment Management Inc. bought a new position in shares of Altair Engineering Inc (NASDAQ:ALTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,601 shares of the semiconductor manufacturer’s stock, valued at approximately $1,283,000. Schwab Charles Investment Management Inc. owned approximately 0.09% of Altair Engineering as of its most recent SEC filing. Institutional investors own 0.09% of the company’s stock.

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About Altair Engineering

Altair Engineering Inc is a United States-based software company. The Company is focused on developing engineering software and computing technologies. The Company’s products include HyperWorks, solidThinking, PBS Works, and Carriots. The Company offers a range of solutions such as product engineering, industrial design, and tailored solutions.

Analyst Recommendations for Altair Engineering (NASDAQ:ALTR)

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