DA Davidson upgraded shares of Mentor Graphics Corp. (NASDAQ:MENT) from a neutral rating to a buy rating in a report published on Monday morning. The firm currently has $32.00 price objective on the stock, up from their prior price objective of $24.00. The analysts noted that the move was a valuation call.

A number of other equities research analysts also recently issued reports on MENT. KeyCorp reiterated a hold rating on shares of Mentor Graphics Corp. in a research report on Tuesday, August 16th. Zacks Investment Research downgraded shares of Mentor Graphics Corp. from a hold rating to a sell rating in a research report on Thursday, October 6th. Finally, Pacific Crest reiterated a hold rating on shares of Mentor Graphics Corp. in a research report on Thursday, August 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Mentor Graphics Corp. has an average rating of Hold and a consensus price target of $27.33.

Mentor Graphics Corp. (NASDAQ:MENT) traded down 0.63% during midday trading on Monday, hitting $27.00. The stock had a trading volume of 216,069 shares. The stock has a 50-day moving average price of $24.51 and a 200 day moving average price of $21.91. The firm has a market cap of $2.92 billion, a P/E ratio of 46.96 and a beta of 0.86. Mentor Graphics Corp. has a 12-month low of $16.10 and a 12-month high of $28.09.

Mentor Graphics Corp. (NASDAQ:MENT) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.15 earnings per share 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 quarter in the previous year, the company earned $0.36 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Mentor Graphics Corp. will post $1.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.22 annualized dividend and a dividend yield of 0.81%. Mentor Graphics Corp.’s dividend payout ratio is presently 40.74%.

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake 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. Acrospire Investment Management LLC bought a new stake in shares of Mentor Graphics Corp. during the first quarter valued at about $122,000. LS Investment Advisors LLC boosted its stake 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 in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Mentor Graphics Corp. by 844.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,375 shares of the company’s stock valued at $136,000 after buying an additional 5,700 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake 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 in the last quarter. 97.77% of the stock is owned by institutional investors.

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.

5 Day Chart for NASDAQ:MENT

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