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Altera (ALTR) Soars On Potential Merger With Intel (INTC)

|Includes: Intel Corporation (INTC)

Shares of Altera Corp. (Nasdaq:ALTR) touched a new 52-week high of $45.00 during Friday's market activity, following media reports indicating that tech giant Intel Corporation (Nasdaq:INTC) is in talks to acquire the company

ALTR recently reported fourth quarter 2014 sales of $479.9 million and net income of $111.1 million, $0.36 per diluted share for the period

Altera Corp. (Nasdaq:ALTR) is at the forefront of technology innovation, providing customers programmable solutions for leading-edge electronic systems that are shaping our modern world.

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Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.