Trading Report: Today, BB&T Corp Reached $807,000 position of Mentor Graphics Corp. (MENT)

Today, BB&T Corp Reached $807,000 position  of Mentor Graphics Corp. (MENT)

BB&T Corp decreased its position in shares of Mentor Graphics Corp. (NASDAQ:MENT) by 11.5% during the third quarter, Holdings Channel reports. The firm owned 30,541 shares of the company’s stock after selling 3,967 shares during the period. BB&T Corp’s holdings in Mentor Graphics Corp. were worth $807,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Foundry Partners LLC increased its stake in shares of Mentor Graphics Corp. by 5.9% in the third quarter. Foundry Partners LLC now owns 430,555 shares of the company’s stock worth $11,384,000 after buying an additional 24,147 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Mentor Graphics Corp. by 4.2% in the second quarter. Oppenheimer & Co. Inc. now owns 241,784 shares of the company’s stock worth $5,140,000 after buying an additional 9,855 shares in the last quarter. Virginia Retirement Systems ET AL bought a new stake in shares of Mentor Graphics Corp. during the second quarter worth about $1,233,000. LSV Asset Management increased its stake in shares of Mentor Graphics Corp. by 54.7% in the second quarter. LSV Asset Management now owns 3,207,764 shares of the company’s stock worth $68,197,000 after buying an additional 1,134,128 shares in the last quarter. Finally, Chicago Equity Partners LLC increased its stake in shares of Mentor Graphics Corp. by 262.8% in the second quarter. Chicago Equity Partners LLC now owns 79,535 shares of the company’s stock worth $1,691,000 after buying an additional 57,610 shares in the last quarter. Institutional investors own 94.13% of the company’s stock.

Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.55% during trading on Friday, reaching $36.76. 602,907 shares of the company traded hands. The firm has a 50 day moving average of $30.64 and a 200 day moving average of $24.38. Mentor Graphics Corp. has a 52 week low of $16.10 and a 52 week high of $37.03. The stock has a market capitalization of $3.98 billion, a PE ratio of 63.93 and a beta of 0.66.

Mentor Graphics Corp. (NASDAQ:MENT) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $322.52 million for the quarter. During the same period last year, the company posted $0.28 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts predict that Mentor Graphics Corp. will post $1.68 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 8th will be issued 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 dividend payout ratio (DPR) is presently 27.85%.

A number of analysts have issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. Zacks Investment Research upgraded shares of Mentor Graphics Corp. from a “strong sell” rating to a “hold” rating in a report on Thursday, October 20th. Pacific Crest restated a “hold” rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. DA Davidson downgraded shares of Mentor Graphics Corp. from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a report on Thursday, August 18th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG began coverage on shares of Mentor Graphics Corp. in a report on Wednesday, October 19th. They issued an “outperform” rating and a $34.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.33.

About Mentor Graphics Corp.

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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