NEW YORK (TheStreet) -- Shares of Altera were falling 6.4% to $39.31 on heavy trading volume Thursday following a report that the company it now longer in talks with Intel . Discussions of a potential Intel takeover of Altera have ended, according to CNBC. The two companies were unable to come to an agreement on price, CNBC said, citing unnamed sources. Intel reportedly offered an all-cash deal in the low $50 range. The news comes two weeks after reports that Intel was in discussions to buy Altera in a deal that could have exceeded $10 billion. Altera is a San Jose, CA-based company that makes a range of low-power programmable semiconductors for use in data center servers and embedded devices. About 8.1 million shares of Altera were traded by 9:42 a.m. Thursday, above the company's average trading volume of about 4.1 million shares a day. TheStreet Ratings team rates ALTERA CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate ALTERA CORP (ALTR) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook." Highlights from the analysis by TheStreet Ratings Team goes as follows: The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year. ALTERA CORP has improved earnings per share by 16.1% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, ALTERA CORP increased its bottom line by earning $1.52 versus $1.36 in the prior year. This year, the market expects an improvement in earnings ($1.65 versus $1.52). Despite its growing revenue, the company underperformed as compared with the industry average of 10.1%. Since the same quarter one year prior, revenues slightly increased by 5.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share. The current debt-to-equity ratio, 0.45, is low and is below the industry average, implying that there has been successful management of debt levels. Along with this, the company maintains a quick ratio of 5.14, which clearly demonstrates the ability to cover short-term cash needs. Net operating cash flow has increased to $150.78 million or 15.30% when compared to the same quarter last year. In addition, ALTERA CORP has also modestly surpassed the industry average cash flow growth rate of 7.37%. You can view the full analysis from the report here: ALTR Ratings Report Must Read: Warren Buffett's Top 25 Stocks for 2015
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