Mentor Graphics Corporation (MENT) Position Cut by Champlain Investment Partners LLC
Champlain Investment Partners LLC reduced its position in shares of Mentor Graphics Corporation (NASDAQ:MENT) by 15.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,358,295 shares of the company’s stock after selling 255,990 shares during the period. Champlain Investment Partners LLC owned 1.24% of Mentor Graphics Corporation worth $50,108,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in MENT. Amalgamated Bank increased its stake in Mentor Graphics Corporation by 18.0% in the second quarter. Amalgamated Bank now owns 13,204 shares of the company’s stock worth $285,000 after buying an additional 2,018 shares during the period. Legal & General Group Plc increased its stake in Mentor Graphics Corporation by 7.8% in the second quarter. Legal & General Group Plc now owns 28,033 shares of the company’s stock worth $591,000 after buying an additional 2,028 shares during the period. Claar Advisors LLC increased its stake in Mentor Graphics Corporation by 55.6% in the second quarter. Claar Advisors LLC now owns 420,000 shares of the company’s stock worth $8,929,000 after buying an additional 150,000 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Mentor Graphics Corporation by 6.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 168,578 shares of the company’s stock worth $3,584,000 after buying an additional 10,945 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its stake in Mentor Graphics Corporation by 12.6% in the second quarter. Silvercrest Asset Management Group LLC now owns 2,069,435 shares of the company’s stock worth $43,996,000 after buying an additional 231,791 shares during the period. 99.98% of the stock is owned by institutional investors.
Mentor Graphics Corporation (NASDAQ:MENT) traded down 0.05% during midday trading on Thursday, reaching $36.90. The company’s stock had a trading volume of 1,918,152 shares. Mentor Graphics Corporation has a 1-year low of $17.82 and a 1-year high of $37.03. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 44.51 and a beta of 0.81. The company’s 50-day moving average price is $36.91 and its 200-day moving average price is $30.67.
Mentor Graphics Corporation (NASDAQ:MENT) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.09. The firm earned $322.52 million during the quarter. Mentor Graphics Corporation had a return on equity of 8.43% and a net margin of 8.06%. Mentor Graphics Corporation’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 earnings per share. On average, analysts predict that Mentor Graphics Corporation will post $1.69 earnings per share for the current fiscal year.
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A number of research firms have commented on MENT. Credit Suisse Group downgraded Mentor Graphics Corporation from an “outperform” rating to a “neutral” rating and raised their target price for the company from $34.00 to $37.25 in a report on Monday, November 28th. DA Davidson downgraded Mentor Graphics Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday, November 15th. Finally, Zacks Investment Research raised Mentor Graphics Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, October 20th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average 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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