Equities research analysts at Credit Suisse Group AG started coverage on shares of Mentor Graphics Corp. (NASDAQ:MENT) in a research note issued on Wednesday. The firm set an “outperform” rating on the stock.

MENT has been the topic of a number of other research reports. DA Davidson downgraded Mentor Graphics Corp. from a “buy” rating to a “neutral” rating and set a $24.00 price target on the stock. in a research report on Thursday, August 18th. They noted that the move was a valuation call. Zacks Investment Research downgraded Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, October 6th. Pacific Crest reissued a “hold” rating on shares of Mentor Graphics Corp. in a research report on Thursday, August 18th. KeyCorp reissued a “hold” rating on shares of Mentor Graphics Corp. in a research report on Tuesday, August 16th. Finally, TheStreet raised Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a research report on Friday, October 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.33.

Analyst Recommendations for Mentor Graphics Corp. (NASDAQ:MENT)

Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 28.81 on Wednesday. Mentor Graphics Corp. has a 12-month low of $16.10 and a 12-month high of $28.92. The company has a 50-day moving average price of $25.17 and a 200 day moving average price of $22.23. The company has a market capitalization of $3.12 billion, a P/E ratio of 50.10 and a beta of 0.86.

Mentor Graphics Corp. (NASDAQ:MENT) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The company had revenue of $254.34 million for the quarter, compared to the consensus estimate of $245.17 million. Mentor Graphics Corp. had a return on equity of 6.15% and a net margin of 5.85%. Mentor Graphics Corp.’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. 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. Investors of record on Monday, September 19th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, September 15th. Mentor Graphics Corp.’s dividend payout ratio (DPR) is currently 40.74%.

Large investors have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC boosted 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 worth $369,000 after buying an additional 133 shares during the period. United Services Automobile Association boosted its stake in Mentor Graphics Corp. by 0.3% in the second quarter. United Services Automobile Association now owns 175,040 shares of the company’s stock worth $3,721,000 after buying an additional 440 shares during the period. State Treasurer State of Michigan boosted its stake in Mentor Graphics Corp. by 1.3% in the second quarter. State Treasurer State of Michigan now owns 40,360 shares of the company’s stock worth $858,000 after buying an additional 500 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in 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 worth $905,000 after buying an additional 693 shares during the period. Finally, ProShare Advisors LLC boosted its stake in Mentor Graphics Corp. by 3.5% in the second quarter. ProShare Advisors LLC now owns 24,840 shares of the company’s stock worth $528,000 after buying an additional 835 shares during the period. Hedge funds and other institutional investors own 97.71% 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.

5 Day Chart for NASDAQ:MENT

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