Mentor Graphics Corp. (NASDAQ:MENT) was downgraded by research analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They currently have a $37.25 price target on the stock, up from their prior price target of $34.00. Credit Suisse Group AG’s target price would suggest a potential upside of 1.80% from the company’s current price.

Several other analysts have also recently commented on MENT. DA Davidson cut shares of Mentor Graphics Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, August 19th. TheStreet upgraded shares of Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a research note on Friday, October 7th. KeyCorp restated a “hold” rating on shares of Mentor Graphics Corp. in a research note on Tuesday, August 16th. Pacific Crest reiterated a “hold” rating on shares of Mentor Graphics Corp. in a research note on Thursday, August 18th. Finally, Zacks Investment Research cut shares of Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, October 6th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.42.

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

Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 36.59 on Monday. The stock has a market cap of $3.98 billion, a PE ratio of 44.03 and a beta of 0.66. The company’s 50-day moving average is $30.93 and its 200 day moving average is $24.56. 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 released its earnings results on Tuesday, November 22nd. The company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.09. Mentor Graphics Corp. had a net margin of 8.06% and a return on equity of 8.42%. The company earned $322.52 million during the quarter. During the same quarter last year, the business posted $0.28 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Analysts forecast that Mentor Graphics Corp. will post $1.68 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 8th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Tuesday, December 6th. Mentor Graphics Corp.’s payout ratio is currently 27.85%.

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Institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its position in shares of Mentor Graphics Corp. by 1.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 157,633 shares of the company’s stock worth $3,205,000 after buying an additional 2,260 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Mentor Graphics Corp. by 11.1% in the second quarter. BNP Paribas Arbitrage SA now owns 94,408 shares of the company’s stock worth $2,007,000 after buying an additional 9,408 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Mentor Graphics Corp. by 4.2% in the second quarter. Fisher Asset Management LLC now owns 1,806,122 shares of the company’s stock worth $38,994,000 after buying an additional 73,033 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Mentor Graphics Corp. by 2,680.8% in the second quarter. Foundry Partners LLC now owns 406,408 shares of the company’s stock worth $8,640,000 after buying an additional 391,793 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Mentor Graphics Corp. during the second quarter worth about $491,000. Institutional investors own 98.89% 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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