DA Davidson cut shares of Mentor Graphics Corp (NASDAQ:MENT) from a buy rating to a neutral rating in a research note published on Tuesday.

MENT has been the topic of several other reports. Credit Suisse Group AG restated a buy rating and set a $34.00 target price on shares of Mentor Graphics Corp in a research report on Monday. KeyCorp restated 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 note on Thursday, August 18th. TheStreet raised Mentor Graphics Corp from a hold rating to a buy rating in a research note on Friday, October 7th. Finally, Zacks Investment Research downgraded Mentor Graphics Corp from a hold rating to a sell rating in a research note on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Mentor Graphics Corp presently has an average rating of Hold and an average target price of $29.00.

Analyst Recommendations for Mentor Graphics Corp (NASDAQ:MENT)

Shares of Mentor Graphics Corp (NASDAQ:MENT) traded down 1.072% during midday trading on Tuesday, hitting $36.465. 5,551,308 shares of the company were exchanged. The company has a 50-day moving average price of $28.39 and a 200-day moving average price of $23.58. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 63.417 and a beta of 0.66. Mentor Graphics Corp has a 52-week low of $16.10 and a 52-week high of $37.03.

Mentor Graphics Corp (NASDAQ:MENT) last issued its earnings results on Thursday, August 18th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. The company had revenue of $254.34 million for the quarter, compared to analyst estimates of $245.17 million. Mentor Graphics Corp had a net margin of 5.85% and a return on equity of 6.15%. The business’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. On average, analysts forecast that Mentor Graphics Corp will post $1.68 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in 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 during the period. LS Investment Advisors LLC boosted its stake in 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 during the period. Fuller & Thaler Asset Management Inc. boosted its stake in 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 during the period. Checchi Capital Advisers LLC boosted its stake in 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 during the period. Finally, Acrospire Investment Management LLC boosted its stake in Mentor Graphics Corp by 29.6% in the third quarter. Acrospire Investment Management LLC now owns 7,000 shares of the company’s stock valued at $185,000 after buying an additional 1,600 shares during the period. Institutional investors own 96.44% 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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