Mentor Graphics Corporation (MENT) Stake Decreased by Zacks Investment Management
Zacks Investment Management lowered its stake in Mentor Graphics Corporation (NASDAQ:MENT) by 28.5% during the third quarter, Holdings Channel reports. The institutional investor owned 55,754 shares of the company’s stock after selling 22,243 shares during the period. Zacks Investment Management owned about 0.05% of Mentor Graphics Corporation worth $1,474,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in Mentor Graphics Corporation by 20.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,952 shares of the company’s stock valued at $105,000 after buying an additional 857 shares during the period. LS Investment Advisors LLC increased its stake in Mentor Graphics Corporation by 70.6% in the second quarter. LS Investment Advisors LLC now owns 5,938 shares of the company’s stock valued at $126,000 after buying an additional 2,457 shares during the period. Acrospire Investment Management LLC increased its stake in Mentor Graphics Corporation by 29.6% in the third quarter. Acrospire Investment Management LLC now owns 7,000 shares of the company’s stock valued at $185,000 after buying an additional 1,600 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Mentor Graphics Corporation during the second quarter valued at approximately $188,000. Finally, Pacer Advisors Inc. acquired a new stake in Mentor Graphics Corporation during the second quarter valued at approximately $191,000. Institutional investors and hedge funds own 99.89% of the company’s stock.
Mentor Graphics Corporation (NASDAQ:MENT) traded down 0.03% during trading on Friday, hitting $36.91. 4,055,547 shares of the stock were exchanged. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 44.52 and a beta of 0.79. Mentor Graphics Corporation has a one year low of $16.10 and a one year high of $37.03. The stock’s 50 day moving average is $36.69 and its 200-day moving average is $27.55.
Mentor Graphics Corporation (NASDAQ:MENT) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $322.52 million for the quarter. During the same quarter last year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, 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 of this dividend was Tuesday, December 6th. Mentor Graphics Corporation’s dividend payout ratio (DPR) is presently 27.85%.
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Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Mentor Graphics Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 20th. DA Davidson raised shares of Mentor Graphics Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $24.00 to $32.00 in a research note on Monday, October 10th. They noted that the move was a valuation call. Credit Suisse Group reissued a “buy” rating and issued a $34.00 price objective on shares of Mentor Graphics Corporation in a research note on Monday, November 14th. Finally, TheStreet raised shares of Mentor Graphics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, October 7th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Mentor Graphics Corporation has a consensus rating of “Hold” and a consensus target price of $30.42.
Mentor Graphics Corporation Company Profile
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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