UPDATE: JMP Securities Initiates Coverage on Altera on Appropriate Premium, Positive Outlook

In a report published Thursday, JMP Securities analyst Alex Gauna initiated coverage on Altera (NASDAQ: ALTR ) with a Market Outperform rating and $41.00 price target. In the report, JMP Securities noted, “Altera is the second largest worldwide supplier of programmable logic ICs and it has a consistent track record