Mentor Graphics Corp. President Gregory Hinckley Sells 98,995 Shares (MENT)
Mentor Graphics Corp. (NASDAQ:MENT) President Gregory Hinckley unloaded 98,995 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $23.40, for a total transaction of $2,316,483.00. Following the completion of the sale, the president now directly owns 403,868 shares of the company’s stock, valued at approximately $9,450,511. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded down 0.13% on Friday, hitting $23.38. 592,212 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 has a 50-day moving average of $23.11 and a 200-day moving average of $22.01. The company has a market cap of $2.680 billion and a price-to-earnings ratio of 26.75.
Mentor Graphics Corp. (NASDAQ:MENT) last posted its quarterly 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.