Mentor Graphics Corporation (NASDAQ:MENT) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the firm. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $37.25.
Several research firms have weighed in on MENT. Credit Suisse Group cut shares of Mentor Graphics Corporation from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $37.25 in a research report on Monday, November 28th. DA Davidson cut shares of Mentor Graphics Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 15th. Zacks Investment Research upgraded shares of Mentor Graphics Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 20th. Finally, TheStreet upgraded shares of Mentor Graphics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, October 7th.
Shares of Mentor Graphics Corporation (NASDAQ:MENT) opened at 36.91 on Wednesday. The company has a 50 day moving average of $36.85 and a 200 day moving average of $29.47. Mentor Graphics Corporation has a 12 month low of $16.18 and a 12 month high of $37.03. The stock has a market cap of $4.04 billion, a P/E ratio of 44.52 and a beta of 0.79.
Mentor Graphics Corporation (NASDAQ:MENT) last announced its earnings results on Tuesday, November 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The business earned $322.52 million during the quarter. Mentor Graphics Corporation had a net margin of 8.06% and a return on equity of 8.43%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. Equities research analysts expect that Mentor Graphics Corporation will post $1.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Thursday, December 8th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.60%. The ex-dividend date was Tuesday, December 6th. Mentor Graphics Corporation’s payout ratio is 27.85%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Credit Suisse AG raised its position in Mentor Graphics Corporation by 2,172.4% in the third quarter. Credit Suisse AG now owns 3,560,973 shares of the company’s stock valued at $94,153,000 after buying an additional 3,404,271 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in Mentor Graphics Corporation during the second quarter valued at $13,906,000. Bank of Montreal Can purchased a new position in Mentor Graphics Corporation during the second quarter valued at $8,427,000. Governors Lane LP purchased a new position in Mentor Graphics Corporation during the third quarter valued at $10,166,000. Finally, JPMorgan Chase & Co. raised its position in Mentor Graphics Corporation by 47.9% in the third quarter. JPMorgan Chase & Co. now owns 1,092,640 shares of the company’s stock valued at $28,889,000 after buying an additional 354,034 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.
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.