Strs Ohio increased its stake in Mentor Graphics Corp. (NASDAQ:MENT) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,600 shares of the company’s stock after buying an additional 4,400 shares during the period. Strs Ohio’s holdings in Mentor Graphics Corp. were worth $1,288,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Acrospire Investment Management LLC bought a new position in shares of Mentor Graphics Corp. during the first quarter valued at approximately $122,000. LS Investment Advisors LLC increased its position in shares of Mentor Graphics Corp. by 70.6% in the second quarter. LS Investment Advisors LLC now owns 5,938 shares of the company’s stock valued at $126,000 after buying an additional 2,457 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of Mentor Graphics Corp. by 7,915.5% in the second quarter. Checchi Capital Advisers LLC now owns 8,256 shares of the company’s stock valued at $176,000 after buying an additional 8,153 shares during the last quarter. Sterling Ridge Capital Management LP bought a new position in shares of Mentor Graphics Corp. during the first quarter valued at approximately $449,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Mentor Graphics Corp. during the second quarter valued at approximately $491,000. 97.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.52% on Wednesday, hitting $27.23. The stock had a trading volume of 2,052,232 shares. Mentor Graphics Corp. has a 1-year low of $16.10 and a 1-year high of $28.09. The firm has a 50 day moving average of $24.61 and a 200-day moving average of $21.95. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 47.36 and a beta of 0.86.
Mentor Graphics Corp. (NASDAQ:MENT) last issued its quarterly earnings data on Thursday, August 18th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. Mentor Graphics Corp. had a return on equity of 6.15% and a net margin of 5.85%. The company had revenue of $254.34 million for the quarter, compared to the consensus estimate of $245.17 million. During the same quarter last year, the business posted $0.36 earnings per share. The firm’s revenue was down 9.5% compared to the same quarter last year. Equities analysts predict that Mentor Graphics Corp. will post $1.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were given a $0.055 dividend. The ex-dividend date was Thursday, September 15th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.81%. Mentor Graphics Corp.’s dividend payout ratio (DPR) is presently 40.74%.
Several brokerages have commented on MENT. DA Davidson downgraded Mentor Graphics Corp. from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a report on Thursday, August 18th. They noted that the move was a valuation call. KeyCorp reaffirmed a “hold” rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. Pacific Crest reaffirmed a “hold” rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. TheStreet raised Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 7th. Finally, Zacks Investment Research downgraded Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Mentor Graphics Corp. currently has a consensus rating of “Hold” and a consensus target price of $27.33.
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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