The Los Angeles Capital Management & Equity Research Inc. Invests $537,000 in Mentor Graphics Corporation (MENT)

The Los Angeles Capital Management & Equity Research Inc. Invests $537,000 in Mentor Graphics Corporation (MENT)

Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Mentor Graphics Corporation (NASDAQ:MENT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,303 shares of the company’s stock, valued at approximately $537,000.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Mentor Graphics Corporation 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 during the last quarter. LSV Asset Management raised its stake in shares of Mentor Graphics Corporation by 4.3% in the third quarter. LSV Asset Management now owns 3,347,164 shares of the company’s stock valued at $88,499,000 after buying an additional 139,400 shares during the last quarter. State Street Corp raised its stake in shares of Mentor Graphics Corporation 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 during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Mentor Graphics Corporation by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,044,810 shares of the company’s stock valued at $80,505,000 after buying an additional 37,682 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Mentor Graphics Corporation by 3.9% in the third quarter. Bank of New York Mellon Corp now owns 2,833,679 shares of the company’s stock valued at $74,924,000 after buying an additional 106,606 shares during the last quarter. Hedge funds and other institutional investors own 99.18% of the company’s stock.

Mentor Graphics Corporation (NASDAQ:MENT) traded up 0.05% during trading on Wednesday, reaching $36.95. The company had a trading volume of 1,075,407 shares. The firm has a market capitalization of $4.05 billion, a P/E ratio of 44.57 and a beta of 0.79. Mentor Graphics Corporation has a one year low of $16.18 and a one year high of $37.03. The firm’s 50-day moving average price is $36.76 and its 200 day moving average price is $28.44.

Mentor Graphics Corporation (NASDAQ:MENT) last issued its earnings results on Tuesday, November 22nd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.41 by $0.09. Mentor Graphics Corporation had a return on equity of 8.43% and a net margin of 8.06%. The business had revenue of $322.52 million for the quarter. During the same quarter in the prior year, the business posted $0.28 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts forecast that Mentor Graphics Corporation will post $1.69 earnings per share for the current fiscal year.

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

Several equities analysts have recently weighed in on MENT shares. TheStreet upgraded Mentor Graphics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, October 7th. DA Davidson upgraded Mentor Graphics Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $32.00 in a research report on Monday, October 10th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “buy” rating and issued a $34.00 price target on shares of Mentor Graphics Corporation in a research report on Monday, November 14th. Finally, Zacks Investment Research upgraded Mentor Graphics Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 20th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.42.

About Mentor Graphics Corporation

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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