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. “
MENT has been the subject of several other reports. DA Davidson cut shares of Mentor Graphics Corp. from a buy rating to a neutral rating in a research report on Friday, August 19th. Pacific Crest restated a hold rating on shares of Mentor Graphics Corp. in a research report on Thursday, August 18th. Finally, KeyCorp restated a hold rating on shares of Mentor Graphics Corp. in a research report on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Mentor Graphics Corp. has a consensus rating of Hold and an average price target of $27.33.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 27.17 on Thursday. Mentor Graphics Corp. has a one year low of $16.10 and a one year high of $28.09. The company’s 50 day moving average is $24.51 and its 200-day moving average is $21.91. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 47.25 and a beta of 0.86.
Mentor Graphics Corp. (NASDAQ:MENT) last announced its quarterly earnings results on Thursday, August 18th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Mentor Graphics Corp. had a net margin of 5.85% and a return on equity of 6.15%. The firm earned $254.34 million during the quarter, compared to analysts’ expectations of $245.17 million. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue was down 9.5% on a year-over-year basis. Equities analysts expect that Mentor Graphics Corp. will post $1.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Thursday, September 15th. Mentor Graphics Corp.’s dividend payout ratio is currently 40.74%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Foundry Partners LLC raised its position in shares of Mentor Graphics Corp. by 5.9% in the third quarter. Foundry Partners LLC now owns 430,555 shares of the company’s stock valued at $11,384,000 after buying an additional 24,147 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Mentor Graphics Corp. by 0.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 17,361 shares of the company’s stock valued at $369,000 after buying an additional 133 shares in the last quarter. Mason Street Advisors LLC bought a new position in shares of Mentor Graphics Corp. during the second quarter valued at about $975,000. Royal Bank of Canada raised its position in shares of Mentor Graphics Corp. by 99.5% in the second quarter. Royal Bank of Canada now owns 59,690 shares of the company’s stock valued at $1,269,000 after buying an additional 29,770 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Mentor Graphics Corp. by 20.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,952 shares of the company’s stock valued at $105,000 after buying an additional 857 shares in the last quarter. 97.77% of the stock is currently owned by institutional investors and hedge funds.
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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