Mentor Graphics Corp. (NASDAQ:MENT) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 8,318,213 shares, an increase of 28.6% from the August 15th total of 6,469,683 shares. Based on an average trading volume of 1,703,086 shares, the days-to-cover ratio is presently 4.9 days. Approximately 7.8% of the company’s shares are sold short.

Several large investors have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Mentor Graphics Corp. by 0.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 17,361 shares of the company’s stock worth $369,000 after buying an additional 133 shares during the period. United Services Automobile Association increased its stake in shares of Mentor Graphics Corp. by 0.3% in the second quarter. United Services Automobile Association now owns 175,040 shares of the company’s stock worth $3,721,000 after buying an additional 440 shares during the period. State Treasurer State of Michigan increased its stake in shares of Mentor Graphics Corp. by 1.3% in the second quarter. State Treasurer State of Michigan now owns 40,360 shares of the company’s stock worth $858,000 after buying an additional 500 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Mentor Graphics Corp. by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 33,545 shares of the company’s stock worth $713,000 after buying an additional 815 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Mentor Graphics Corp. by 3.5% in the second quarter. ProShare Advisors LLC now owns 24,840 shares of the company’s stock worth $528,000 after buying an additional 835 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

A number of equities research analysts have issued reports on MENT shares. KeyCorp reiterated a “hold” rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. DA Davidson lowered shares of Mentor Graphics Corp. from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a report on Thursday, August 18th. They noted that the move was a valuation call. Finally, Pacific Crest reiterated a “hold” rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.67.

Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 23.92 on Wednesday. The stock has a market capitalization of $2.59 billion, a P/E ratio of 41.60 and a beta of 0.98. The firm has a 50 day moving average of $22.98 and a 200-day moving average of $21.29. Mentor Graphics Corp. has a 12 month low of $16.10 and a 12 month high of $28.09.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 19th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.92%. Mentor Graphics Corp.’s dividend payout ratio (DPR) is presently 40.74%.

Mentor Graphics Corp. 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.

5 Day Chart for NASDAQ:MENT

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