The Mentor Graphics Corp. (MENT) Given Average Rating of “Hold” by Brokerages

The Mentor Graphics Corp. (MENT) Given Average Rating of “Hold” by Brokerages

Shares of Mentor Graphics Corp. (NASDAQ:MENT) have received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $32.00.

MENT has been the subject of several research analyst reports. Zacks Investment Research lowered Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Pacific Crest reaffirmed a “hold” rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. TheStreet raised Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 7th. DA Davidson raised Mentor Graphics Corp. from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $32.00 in a report on Monday. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “hold” rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th.

Mentor Graphics Corp. (NASDAQ:MENT) traded down 1.65% during trading on Friday, reaching $27.46. The company had a trading volume of 1,294,590 shares. The firm has a market capitalization of $2.97 billion, a P/E ratio of 47.76 and a beta of 0.86. Mentor Graphics Corp. has a 52-week low of $16.10 and a 52-week high of $28.54. The company has a 50-day moving average of $24.81 and a 200-day moving average of $22.03.

Mentor Graphics Corp. (NASDAQ:MENT) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The firm earned $254.34 million during the quarter, compared to analyst estimates of $245.17 million. Mentor Graphics Corp. had a return on equity of 6.15% and a net margin of 5.85%. Mentor Graphics Corp.’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 earnings per share. Analysts expect that Mentor Graphics Corp. will post $1.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were given a dividend of $0.055 per share. The ex-dividend date was Thursday, September 15th. This represents a $0.22 annualized dividend and a dividend yield of 0.79%. Mentor Graphics Corp.’s dividend payout ratio is presently 40.74%.

Several institutional investors have recently modified their holdings of MENT. Dimensional Fund Advisors LP increased its position in shares of Mentor Graphics Corp. by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,813,779 shares of the company’s stock valued at $81,079,000 after buying an additional 16,493 shares in the last quarter. State Street Corp increased its position in shares of Mentor Graphics Corp. by 5.0% in the second quarter. State Street Corp now owns 3,271,521 shares of the company’s stock valued at $69,555,000 after buying an additional 155,823 shares in the last quarter. LSV Asset Management increased its position 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 valued at $68,197,000 after buying an additional 1,134,128 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Mentor Graphics Corp. by 7.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,007,128 shares of the company’s stock valued at $63,932,000 after buying an additional 215,509 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Mentor Graphics Corp. by 100.8% in the second quarter. Bank of New York Mellon Corp now owns 2,727,073 shares of the company’s stock valued at $57,979,000 after buying an additional 1,369,135 shares in the last quarter. Institutional investors and hedge funds own 97.77% of the company’s stock.

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