The semiconductor industry remains one of the stronger parts of the economy, and Altera (ALTR) released their 2015 guidance last Wednesday AOC. The guidance includes gross margin expansion to the 67%-69% range from the current gross margin around 66%-67%. Altera also guided down R&D and SG&A expenses and capital expenditures. The stock had a positive reaction Thursday, but was taken down in the market selloff Friday. Keep an eye on ALTR, because if 2015 pans out as management forecasts, this stock should move higher.