Trading Report: Today, 579,612 Shares of Mentor Graphics Corp. (MENT) are sold by Victory Capital Management Inc.

Today, 579,612 Shares of Mentor Graphics Corp. (MENT) are sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of Mentor Graphics Corp. (NASDAQ:MENT) by 16.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,934,000 shares of the company’s stock after selling 579,612 shares during the period. Victory Capital Management Inc. owned 2.71% of Mentor Graphics Corp. worth $77,575,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position 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 worth $105,000 after buying an additional 857 shares during the period. LS Investment Advisors LLC raised its position 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 worth $126,000 after buying an additional 2,457 shares during the period. Fuller & Thaler Asset Management Inc. raised its position 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 worth $136,000 after buying an additional 5,700 shares during the period. Palouse Capital Management Inc. acquired a new position in Mentor Graphics Corp. during the third quarter worth $210,000. Finally, Checchi Capital Advisers LLC raised its position 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 worth $176,000 after buying an additional 8,153 shares during the period. 94.13% of the stock is owned by hedge funds and other institutional investors.

Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.55% during mid-day trading on Friday, reaching $36.76. The company had a trading volume of 602,907 shares. The stock’s 50-day moving average price is $30.23 and its 200 day moving average price is $24.26. The company has a market capitalization of $3.98 billion, a PE ratio of 63.93 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.

Mentor Graphics Corp. (NASDAQ:MENT) last announced its earnings results on Tuesday, November 22nd. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.09. The business earned $322.52 million during the quarter. Mentor Graphics Corp. had a return on equity of 8.42% and a net margin of 8.06%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. Equities analysts expect that Mentor Graphics Corp. will post $1.68 EPS for the current year.

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

A number of research analysts recently weighed in on the stock. DA Davidson lowered shares of Mentor Graphics Corp. from a “buy” rating to a “neutral” rating in a report on Friday, August 19th. TheStreet raised shares of Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 7th. KeyCorp reissued a “hold” rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. Pacific Crest reissued a “hold” rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. Finally, Zacks Investment Research lowered shares of Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Mentor Graphics Corp. has a consensus rating of “Hold” and an average target price of $29.33.

Mentor Graphics Corp. Company Profile

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