LSV Asset Management boosted its position in shares of Mentor Graphics Corp. (NASDAQ:MENT) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,347,164 shares of the company’s stock after buying an additional 139,400 shares during the period. LSV Asset Management owned about 3.09% of Mentor Graphics Corp. worth $88,499,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC raised 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 last quarter. Alambic Investment Management L.P. increased its position in Mentor Graphics Corp. by 0.3% in the third quarter. Alambic Investment Management L.P. now owns 63,800 shares of the company’s stock valued at $1,687,000 after buying an additional 200 shares during the period. United Services Automobile Association increased its position 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 valued at $3,721,000 after buying an additional 440 shares during the period. State Treasurer State of Michigan increased its position 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 valued at $858,000 after buying an additional 500 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position 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 valued at $905,000 after buying an additional 693 shares during the period. 98.89% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Mentor Graphics Corp. (NASDAQ:MENT)

Mentor Graphics Corp. (NASDAQ:MENT) opened at 36.59 on Wednesday. The company’s 50 day moving average is $30.93 and its 200-day moving average is $24.56. The firm has a market cap of $3.98 billion, a P/E ratio of 44.03 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 posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.09. The company had revenue of $322.52 million for the quarter. Mentor Graphics Corp. had a net margin of 8.06% and a return on equity of 8.42%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Equities analysts expect that Mentor Graphics Corp. will post $1.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 8th will be paid 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 of this dividend is Tuesday, December 6th. Mentor Graphics Corp.’s dividend payout ratio is currently 27.85%.

COPYRIGHT VIOLATION NOTICE: “Mentor Graphics Corp. (MENT) Shares Bought by LSV Asset Management” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally copied and republished in violation of United States and international copyright and trademark law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/30/mentor-graphics-corp-ment-shares-bought-by-lsv-asset-management.html.

Several research firms have commented on MENT. DA Davidson downgraded shares of Mentor Graphics Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, August 19th. Credit Suisse Group AG downgraded shares of Mentor Graphics Corp. from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $37.25 in a research note on Monday. 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. Finally, Pacific Crest restated a “hold” rating on shares of Mentor Graphics Corp. in a research note on Thursday, August 18th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.42.

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

Receive News & Stock Ratings for Mentor Graphics Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mentor Graphics Corp. and related stocks with our FREE daily email newsletter.