DA Davidson upgraded shares of Mentor Graphics Corp. (NASDAQ:MENT) from a neutral rating to a buy rating in a research report report published on Monday. DA Davidson currently has $32.00 target price on the stock, up from their previous target price of $24.00. The analysts noted that the move was a valuation call.
Other equities analysts have also issued reports about the company. KeyCorp reaffirmed a hold rating on shares of Mentor Graphics Corp. in a research report on Tuesday, August 16th. Pacific Crest reaffirmed a hold rating on shares of Mentor Graphics Corp. in a research report on Thursday, August 18th. Finally, Zacks Investment Research lowered Mentor Graphics Corp. from a hold rating to a sell rating in a research report on Thursday, October 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $27.33.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 27.23 on Monday. The firm has a market cap of $2.95 billion, a PE ratio of 47.36 and a beta of 0.86. The company has a 50-day moving average of $24.71 and a 200 day moving average of $21.98. Mentor Graphics Corp. has a one year low of $16.10 and a one year high of $28.09.
Mentor Graphics Corp. (NASDAQ:MENT) last announced its earnings results on Thursday, August 18th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $245.17 million. During the same period in the prior year, the company posted $0.36 EPS. Mentor Graphics Corp.’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities research analysts expect that Mentor Graphics Corp. will post $1.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, September 15th. Mentor Graphics Corp.’s dividend payout ratio is currently 40.74%.
Several large investors have recently bought and sold shares of the stock. Algert Global LLC raised its stake in Mentor Graphics Corp. by 41.3% in the third quarter. Algert Global LLC now owns 47,667 shares of the company’s stock valued at $1,260,000 after buying an additional 13,932 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Mentor Graphics Corp. by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 34,238 shares of the company’s stock valued at $905,000 after buying an additional 693 shares in the last quarter. Foundry Partners LLC raised its stake 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 stake 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. Finally, Mason Street Advisors LLC bought a new stake in shares of Mentor Graphics Corp. during the second quarter valued at $975,000. 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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