) declared that its clients can now access its latest Cyclone V GX
FPGA development kit. The kit, which is considered as the first 28
nanometer(nm) development kit in the market, is especially designed
for high-volume applications, such as industrial networking,
surveillance cameras and automotive infotainment systems.
The new product has various features including FPGA boards,
development software, reference designs and documentation.
Management averred that, with the help of this new platform,
clients will be able to easily increase the efficacy of their
products with less time spent on designing. In addition, the latest
kit would heighten the integration process of programmable logic
devices (PLDs) and ASIC facilities and will also offer a unique
low-power and minimized cost solution to customers.
Altera manufactures a wide array of products such as
programmable logic devices (PLDs), which consist of
field-programmable gate arrays (FPGAs) and complex programmable
logic devices (CPLDs). These are standard semiconductor integrated
circuits or chips, which customers program to execute required
logic functions in their electronic systems.
Altera has a pipeline of 28 nanometer products, which it
believes will maintain growth momentum in future. In the second
quarter of 2012, Altera registered growth in the 28nm products.
28nm products grew 166% sequentially. Altera expects revenue from
this node to exceed $20 million in the third quarter of 2012.
Altera's main rival is
). Together, they hold nearly 87% of the PLD market. However, the
company has a strategic advantage over Xilinx regarding its
HardCopy offering (a new type of high performance
application-specific integrated circuit for which Xilinx does not
really have a competing product).
The current Zacks Consensus Estimates for the third quarter of
2012 and for 2012 are 46 cents and $1.79 per share, representing
year-over-year growth of (19.78%) and (23.87%), respectively.
We currently maintain a 'Neutral' recommendation on Altera. The
stock carries a Zacks #4 Rank, translating into a short-term (1-3
months) 'Sell' rating.
ALTERA CORP (ALTR): Free Stock Analysis Report
XILINX INC (XLNX): Free Stock Analysis Report
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