Mentor Graphics Corp. Announces Quarterly Dividend of $0.06 (MENT)
Mentor Graphics Corp. (NASDAQ:MENT) announced a quarterly dividend on Tuesday, November 22nd. Investors of record on Thursday, December 8th will be given a dividend of 0.055 per share on Tuesday, January 3rd. This represents a $0.22 annualized dividend and a yield of 0.60%.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 36.53 on Wednesday. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 63.53 and a beta of 0.66. Mentor Graphics Corp. has a 1-year low of $16.10 and a 1-year high of $37.03. The company has a 50-day moving average price of $29.95 and a 200 day moving average price of $24.17.
Mentor Graphics Corp. (NASDAQ:MENT) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. Mentor Graphics Corp. had a return on equity of 6.15% and a net margin of 5.85%. The firm had revenue of $322.52 million for the quarter, compared to analysts’ expectations of $309.43 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Mentor Graphics Corp. will post $1.68 EPS for the current year.
A number of brokerages have recently commented on MENT. KeyCorp reaffirmed a “hold” rating on shares of Mentor Graphics Corp. in a research report on Tuesday, August 16th. Zacks Investment Research raised Mentor Graphics Corp. from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 20th. Pacific Crest reaffirmed a “hold” rating on shares of Mentor Graphics Corp. in a research report on Thursday, August 18th. DA Davidson cut 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. Finally, Credit Suisse Group AG began coverage on Mentor Graphics Corp. in a research report on Wednesday, October 19th. They set an “outperform” rating and a $34.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.33.
Several hedge funds have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. acquired a new position in shares of Mentor Graphics Corp. during the second quarter worth $188,000. Pacer Advisors Inc. acquired a new position in shares of Mentor Graphics Corp. during the second quarter worth $191,000. Veritable L.P. acquired a new position in shares of Mentor Graphics Corp. during the second quarter worth $216,000. Hsbc Holdings PLC acquired a new position in shares of Mentor Graphics Corp. during the third quarter worth $219,000. Finally, Panagora Asset Management Inc. raised its position in shares of Mentor Graphics Corp. by 1,183.9% in the second quarter. Panagora Asset Management Inc. now owns 12,338 shares of the company’s stock worth $262,000 after buying an additional 11,377 shares in the last quarter. Institutional investors own 94.13% of the company’s stock.
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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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