Mentor Graphics Corp. Insider Sells $243,688 in Stock (MENT)
Mentor Graphics Corp. (NASDAQ:MENT) Insider Richard Trebing sold 10,414 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.40, for a total value of $243,687.60. Following the completion of the transaction, the insider now directly owns 1,094 shares in the company, valued at approximately $25,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.30% during mid-day trading on Tuesday, hitting $23.59. 615,325 shares of the company’s stock traded hands. Mentor Graphics Corp. has a 52 week low of $13.21 and a 52 week high of $24.31. The stock’s 50-day moving average is $22.89 and its 200-day moving average is $21.93. The company has a market cap of $2.704 billion and a price-to-earnings ratio of 26.88.
Mentor Graphics Corp. (NASDAQ:MENT) last announced its earnings results on Thursday, November 21st. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.13. The company had revenue of $275.60 million for the quarter, compared to the consensus estimate of $260.27 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that Mentor Graphics Corp. will post $1.59 EPS for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Mentor Graphics Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 23rd. They now have a $25.70 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $24.96.
Mentor Graphics Corporation is a supplier of electronic design automation (NASDAQ:MENT) tools – computer software and emulation hardware systems used to automate the design, analysis, and testing of electro-mechanical systems, electronic hardware, and embedded systems software in electronic systems and components.
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