Mentor Graphics Corp. (NASDAQ:MENT) has received an average rating of “Hold” from the nine brokerages that are presently covering the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $32.00.

MENT has been the topic of a number of recent analyst reports. KeyCorp reiterated a “hold” rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. DA Davidson downgraded Mentor Graphics Corp. from a “buy” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a report on Thursday, August 18th. They noted that the move was a valuation call. Pacific Crest reiterated a “hold” rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. Zacks Investment Research downgraded Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Finally, TheStreet upgraded Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 7th.

Hedge funds have recently made changes to their positions in the stock. Ngam Advisors L.P. bought a new stake in Mentor Graphics Corp. during the first quarter worth $522,000. TIAA CREF Investment Management LLC boosted 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. boosted 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. boosted 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 boosted 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 owned by hedge funds and other institutional investors.

Mentor Graphics Corp. (NASDAQ:MENT) traded down 1.65% during midday trading on Friday, hitting $27.46. The company had a trading volume of 1,294,590 shares. 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 price of $24.81 and a 200-day moving average price of $22.03. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 47.76 and a beta of 0.86.

Mentor Graphics Corp. (NASDAQ:MENT) last issued its quarterly earnings results on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $245.17 million. During the same quarter in the prior year, the business earned $0.36 EPS. Mentor Graphics Corp.’s revenue was down 9.5% on a year-over-year basis. Equities analysts anticipate that Mentor Graphics Corp. will post $1.68 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were given a $0.055 dividend. The ex-dividend date was Thursday, September 15th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.79%. Mentor Graphics Corp.’s dividend payout ratio (DPR) is presently 40.74%.

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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