Shares of Mentor Graphics Corp. (NASDAQ:MENT) have received a consensus rating of “Hold” from the nine research firms that are covering the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $32.00.
Several equities analysts have recently commented on MENT shares. DA Davidson cut 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 restated a “hold” rating on shares of Mentor Graphics Corp. in a research report on Thursday, August 18th. Zacks Investment Research lowered shares of Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. KeyCorp reaffirmed a “hold” rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. Finally, TheStreet raised shares of Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 7th.
A number of large investors have recently bought and sold shares of MENT. Ngam Advisors L.P. acquired a new stake in Mentor Graphics Corp. during the first quarter worth $522,000. TIAA CREF Investment Management LLC raised its stake in 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 worth $17,893,000 after buying an additional 146,083 shares during the last quarter. Franklin Resources Inc. raised its stake in Mentor Graphics Corp. by 5.8% in the first quarter. Franklin Resources Inc. now owns 1,311,300 shares of the company’s stock worth $26,659,000 after buying an additional 71,400 shares during the last quarter. BlackRock Inc. raised its stake in Mentor Graphics Corp. by 3.3% in the first quarter. BlackRock Inc. now owns 96,090 shares of the company’s stock worth $1,954,000 after buying an additional 3,074 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in Mentor Graphics Corp. by 3.4% in the first quarter. BlackRock Group LTD now owns 177,706 shares of the company’s stock worth $3,613,000 after buying an additional 5,875 shares during the last quarter. 97.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 27.52 on Friday. Mentor Graphics Corp. has a 12-month low of $16.10 and a 12-month high of $28.54. The firm has a 50-day moving average of $24.91 and a 200 day moving average of $22.08. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 47.86 and a beta of 0.86.
Mentor Graphics Corp. (NASDAQ:MENT) last issued its earnings results on Thursday, August 18th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. The company earned $254.34 million during the quarter, compared to analysts’ expectations of $245.17 million. Mentor Graphics Corp. had a net margin of 5.85% and a return on equity of 6.15%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 EPS. On average, equities research analysts expect 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. Shareholders of record on Monday, September 19th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Thursday, September 15th. Mentor Graphics Corp.’s payout ratio is 40.74%.
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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