Mentor Graphics Corp. Director Keith Barnes Sells 2,231 Shares (MENT)
Mentor Graphics Corp. (NASDAQ:MENT) Director Keith Barnes sold 2,231 shares of the company’s stock on the open market in a transaction dated Monday, June 2nd. The shares were sold at an average price of $21.19, for a total transaction of $47,274.89. Following the sale, the director now directly owns 4,453 shares of the company’s stock, valued at approximately $94,359. The sale was disclosed in a document filed with the SEC, which is available at this link.
Mentor Graphics Corp. (NASDAQ:MENT) traded down 0.24% on Wednesday, hitting $20.61. The stock had a trading volume of 75,024 shares. Mentor Graphics Corp. has a 52-week low of $18.80 and a 52-week high of $24.31. The stock’s 50-day moving average is $20.85 and its 200-day moving average is $21.71. The company has a market cap of $2.369 billion and a price-to-earnings ratio of 16.36.
Mentor Graphics Corp. (NASDAQ:MENT) last released its earnings data on Thursday, May 22nd. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.05. The company had revenue of $252.20 million for the quarter, compared to the consensus estimate of $245.90 million. During the same quarter last year, the company posted $0.10 earnings per share. Mentor Graphics Corp.’s revenue was up 11.3% compared to the same quarter last year. Analysts expect that Mentor Graphics Corp. will post $1.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, June 6th.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Mentor Graphics Corp. from $25.00 to $27.00 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Separately, analysts at Summit Research upgraded shares of Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. They now have a $30.00 price target on the stock, up previously from $25.00. Finally, analysts at Zacks upgraded shares of Mentor Graphics Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 30th. They now have a $23.60 price target on the stock. Seven analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $26.37.
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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