A number of other equities research analysts have also weighed in on the company. DA Davidson raised Mentor Graphics Corp. from a neutral rating to a buy rating and lifted their target price for the company from $24.00 to $32.00 in a research report on Monday. They noted that the move was a valuation call. Zacks Investment Research downgraded Mentor Graphics Corp. from a hold rating to a sell rating in a report on Thursday. Pacific Crest reiterated a hold rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. Finally, KeyCorp reiterated a hold rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $27.33.
Mentor Graphics Corp. (NASDAQ:MENT) traded up 2.64% on Friday, reaching $27.17. The company’s stock had a trading volume of 1,902,545 shares. Mentor Graphics Corp. has a 1-year low of $16.10 and a 1-year high of $28.09. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 47.25 and a beta of 0.86. The firm’s 50 day moving average price is $24.51 and its 200-day moving average price is $21.91.
Mentor Graphics Corp. (NASDAQ:MENT) last issued its earnings results on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ 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 return on equity of 6.15% and a net margin of 5.85%. Mentor Graphics Corp.’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. Equities analysts forecast that Mentor Graphics Corp. will post $1.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were paid a dividend of $0.055 per share. The ex-dividend date was Thursday, September 15th. This represents a $0.22 annualized dividend and a yield of 0.81%. Mentor Graphics Corp.’s dividend payout ratio (DPR) is 40.74%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Virginia Retirement System acquired a new position in shares of Mentor Graphics Corp. during the first quarter valued at $1,096,000. Ngam Advisors L.P. acquired a new position in shares of Mentor Graphics Corp. during the first quarter valued at $522,000. TIAA CREF Investment Management LLC increased its position in shares of Mentor Graphics Corp. by 19.9% in the first quarter. TIAA CREF Investment Management LLC now owns 880,146 shares of the company’s stock valued at $17,893,000 after buying an additional 146,083 shares during the period. Teachers Advisors Inc. increased its position 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 valued at $26,596,000 after buying an additional 854,362 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Mentor Graphics Corp. by 5.8% in the first quarter. Franklin Resources Inc. now owns 1,311,300 shares of the company’s stock valued at $26,659,000 after buying an additional 71,400 shares during the period. Hedge funds and other institutional investors own 97.77% of the company’s stock.
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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