Mentor Graphics Corp. (MENT) Stock Rating Upgraded by DA Davidson
DA Davidson upgraded shares of Mentor Graphics Corp. (NASDAQ:MENT) from a neutral rating to a buy rating in a report released on Monday. They currently have $32.00 price target on the stock, up from their previous price target of $24.00. The analysts noted that the move was a valuation call.
MENT has been the subject of a number of other research reports. Zacks Investment Research lowered Mentor Graphics Corp. from a hold rating to a sell rating in a report on Thursday, October 6th. Pacific Crest restated a hold rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. Finally, KeyCorp restated a hold rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Mentor Graphics Corp. presently has a consensus rating of Hold and an average price target of $27.33.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 27.92 on Monday. The company has a 50 day moving average price of $24.81 and a 200 day moving average price of $22.03. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 48.56 and a beta of 0.86. Mentor Graphics Corp. has a one year low of $16.10 and a one year high of $28.41.
Mentor Graphics Corp. (NASDAQ:MENT) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the 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 analysts’ expectations of $245.17 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Mentor Graphics Corp.’s revenue was down 9.5% compared to the same quarter last year. Equities analysts predict that Mentor Graphics Corp. will post $1.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were paid a $0.055 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.22 annualized dividend and a dividend yield of 0.79%. Mentor Graphics Corp.’s dividend payout ratio (DPR) is 40.74%.
Institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in Mentor Graphics Corp. by 2.4% in the first quarter. State Street Corp now owns 3,115,698 shares of the company’s stock valued at $63,334,000 after buying an additional 74,165 shares during the period. Zebra Capital Management LLC increased its position in Mentor Graphics Corp. by 24.4% in the first quarter. Zebra Capital Management LLC now owns 72,970 shares of the company’s stock valued at $1,483,000 after buying an additional 14,304 shares during the period. Spark Investment Management LLC increased its position in Mentor Graphics Corp. by 88.4% in the first quarter. Spark Investment Management LLC now owns 103,600 shares of the company’s stock valued at $2,106,000 after buying an additional 48,600 shares during the period. Royce & Associates LP increased its position in Mentor Graphics Corp. by 8.0% in the first quarter. Royce & Associates LP now owns 1,242,672 shares of the company’s stock valued at $25,264,000 after buying an additional 92,200 shares during the period. Finally, Acrospire Investment Management LLC acquired a new position in Mentor Graphics Corp. during the first quarter valued at approximately $122,000. Institutional investors and hedge funds own 97.77% of the company’s stock.
Mentor Graphics Corp. Company Profile
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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