According to Zacks, “MENTOR GRAPHICS CORP. designs, manufactures, markets and supports electronic design automation (EDA) software for the integrated circuit and systems design markets. The company provides a broad range of EDA tools developed either by the Company or together with third parties to support the entire electronic design process. The Company’s software products enable engineers and designers to design, analyze, place and route, and test custom (ASICs), printed circuit boards, multichip modules and other electronic systems and subsystems. “
A number of other equities analysts have also issued reports on the stock. DA Davidson lowered shares of Mentor Graphics Corp. from a buy rating to a neutral rating and set a $24.00 target price for the company. in a research report on Thursday, August 18th. They noted that the move was a valuation call. Pacific Crest reiterated a hold rating on shares of Mentor Graphics Corp. in a research report on Thursday, August 18th. Finally, KeyCorp reiterated a hold rating on shares of Mentor Graphics Corp. in a research report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $24.67.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded down 0.385% during trading on Thursday, reaching $26.159. 263,059 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $24.28 and its 200 day moving average price is $21.78. Mentor Graphics Corp. has a 52 week low of $16.10 and a 52 week high of $28.09. The firm has a market capitalization of $2.83 billion, a PE ratio of 45.494 and a beta of 0.86.
Mentor Graphics Corp. (NASDAQ:MENT) last released its quarterly earnings results on Thursday, August 18th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. The business earned $254.34 million during the quarter, compared to analyst estimates of $245.17 million. Mentor Graphics Corp. had a net margin of 5.85% and a return on equity of 6.15%. The company’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Analysts predict that Mentor Graphics Corp. will post $1.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Thursday, September 15th. Mentor Graphics Corp.’s payout ratio is 40.74%.
A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Mentor Graphics Corp. by 100.8% in the second quarter. Bank of New York Mellon Corp now owns 2,727,073 shares of the company’s stock worth $57,979,000 after buying an additional 1,369,135 shares during the last quarter. LSV Asset Management increased its stake in shares of Mentor Graphics Corp. by 54.7% in the second quarter. LSV Asset Management now owns 3,207,764 shares of the company’s stock worth $68,197,000 after buying an additional 1,134,128 shares during the last quarter. Teachers Advisors Inc. increased its stake in shares of Mentor Graphics Corp. by 188.2% in the first quarter. Teachers Advisors Inc. now owns 1,308,224 shares of the company’s stock worth $26,596,000 after buying an additional 854,362 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Mentor Graphics Corp. during the second quarter worth $13,906,000. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Mentor Graphics Corp. during the second quarter worth $12,237,000. 97.77% of the stock is owned by institutional investors.
About Mentor Graphics Corp.
Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools, which include computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components.
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