Altair Selected As Electronic Design Automation Partner For Samsung Advanced Foundry Ecosystem

7/9/24 2:06:26 AM ET

Computer Software: Prepackaged Software

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Altair's EDA solutions enable verification from semiconductor design to production in one place, addressing various design requirements

Through this collaboration, Altair and Samsung Electronics will combine Altair's comprehensive EDA technology with Samsung Foundry's manufacturing capabilities to establish a more innovative, more efficient semiconductor design and production process.

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Recent Analyst Ratings for
$ALTR

Date	Price Target	Rating	Analyst
8/2/2024	$85.00 → $71.00	Neutral → Sell	Goldman
7/15/2024	$95.00	Overweight → Neutral	JP Morgan
2/23/2024	$74.00 → $88.00	Buy → Neutral	Rosenblatt
12/22/2023	$86.00	Overweight	JP Morgan
5/5/2023	$44.00 → $67.00	Sell → Neutral	Goldman
11/16/2022	$60.00	Buy	Needham
8/17/2022	$70.00	Outperform	Wolfe Research
7/27/2022	$60.00	Outperform	Oppenheimer

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Altair Technology Powers Cleveland Golf's New HiBore XL Driver
Altair® HyperWorks® platform empowers Cleveland Golf to break free from traditional design limits TROY, Mich., Nov. 19, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, announced its latest collaboration with Cleveland Golf, a leading golf equipment manufacturer, on the design of the new HiBore XL Driver. With Altair's advanced simulation and design technology, Cleveland Golf is raising the bar for golf equipment and redefining the limits of driver design. "Altair's technology and expertise is helping Cleveland Golf shape the future of
11/19/24 7:00:00 AM ET
$ALTR
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Altair Solutions Now Supported on NVIDIA Grace Hopper and Grace CPU Superchip Architectures
Altair simulations run twice as fast on NVIDIA Hopper series as its predecessor TROY, Mich., Nov. 18, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, announced that several products from the Altair® HyperWorks® design and simulation platform now support NVIDIA Grace CPU and Grace Hopper Superchip architectures. This highlights the years of Altair's deep collaboration with NVIDIA and gives customers more flexibility to run Altair tools on NVIDIA and Arm architectures. "Altair's solutions achieving peak performance on Grace and Grace Hop
11/18/24 7:00:00 AM ET
$ALTR
Computer Software: Prepackaged Software
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Altair Collaborates with Aerospace Startup Moya Aero to Develop eVTOLs
The collaboration, established within Altair's Aerospace Startup Acceleration Program (ASAP), will accelerate product development and slash prototyping costs TROY, Mich., Nov. 13, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, has signed a collaboration agreement with aerospace startup Moya Aero as part of Altair's Aerospace Startup Acceleration Program (ASAP). Within the agreement, Moya Aero will leverage an array of solutions in the Altair® HyperWorks® design and simulation platform and the organizations will collaborate in the development of eVTOL and unmanned aerial vehicles.
11/13/24 7:00:00 AM ET
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Altair Announces Third Quarter 2024 Financial Results
TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), today released its financial results for the third quarter and nine months ended September 30, 2024. Immediately prior to the dissemination of this press release, Altair issued a press release announcing that it has entered into a merger agreement with a subsidiary of Siemens pursuant to which Altair will be acquired and stockholders of Altair will receive cash merger consideration as more fully described in that press release. Third Quarter 2024 Financial Results Software revenue was $138.7 million compared to $119.1 million for the third quarter of 2023, an increase of 16.5% in reported currency an
10/30/24 4:36:06 PM ET
$ALTR
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Altair Signs Definitive Agreement with Siemens to be Acquired for $10.6 Billion
TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today announced that it has entered into a definitive agreement to be acquired by Siemens, a leading technology company focused on industry, infrastructure, mobility, and healthcare. Altair stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion. The $113.00 per share cash consideration represents a 19% premium to the closing price of Altair common stock on October 21, 2024, the last trading day prior to media speculation regarding a potential transaction, and a 13% premium to Altair's unaffected all-time high closing
10/30/24 4:33:49 PM ET
$ALTR
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Altair Announces Date of Third Quarter 2024 Financial Results Conference Call
TROY, Mich., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, will release its financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, October 30, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's third quarter 2024 results and fourth quarter and full year 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Third Quarter 2024 Financial Results Conference CallWhen:Wednesday, October 30, 2024Time:5 p.m. ETWebcast:http://investor.altair.
10/16/24 4:05:00 PM ET
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Altair Selected As Electronic Design Automation Partner For Samsung Advanced Foundry Ecosystem

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Recent Analyst Ratings for $ALTR

$ALTR Press Releases

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Altair Technology Powers Cleveland Golf's New HiBore XL Driver

Altair Solutions Now Supported on NVIDIA Grace Hopper and Grace CPU Superchip Architectures

Altair Collaborates with Aerospace Startup Moya Aero to Develop eVTOLs

$ALTR Analyst Ratings

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Altair Engineering downgraded by Goldman with a new price target

Altair Engineering downgraded by JP Morgan with a new price target

Altair Engineering downgraded by Rosenblatt with a new price target

$ALTR Large Ownership Changes

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SEC Form SC 13G filed by Altair Engineering Inc.

Amendment: SEC Form SC 13G/A filed by Altair Engineering Inc.

Amendment: SEC Form SC 13G/A filed by Altair Engineering Inc.

$ALTR SEC Filings

SEC Form DEFA14A filed by Altair Engineering Inc.

SEC Form DEFA14A filed by Altair Engineering Inc.

SEC Form DEFA14A filed by Altair Engineering Inc.

$ALTR Insider Trading

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Chief Product Strategy Officer Kunju Ravi sold $37,314 worth of shares (360 units at $103.65), decreasing direct ownership by 1% to 30,305 units (SEC Form 4)

Officer Marraccini Jeffrey converted options into 1,824 shares and sold $189,878 worth of shares (1,824 units at $104.10) (SEC Form 4)

Director Harris Teresa A converted options into 620 shares and sold $64,542 worth of shares (620 units at $104.10) (SEC Form 4)

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Altair Announces Third Quarter 2024 Financial Results

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$ALTR Leadership Updates

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