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Mentor Graphics Corp. (NASDAQ:MENT) Director Keith Barnes sold 1,636 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $21.13, for a total value of $34,568.68. Following the completion of the transaction, the director now directly owns 6,453 shares of the company’s stock, valued at approximately $136,352. 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) opened at 21.475 on Wednesday. Mentor Graphics Corp. has a 1-year low of $18.80 and a 1-year high of $24.31. The stock’s 50-day moving average is $20.95 and its 200-day moving average is $21.64. The company has a market cap of $2.446 billion and a price-to-earnings ratio of 16.62.

Mentor Graphics Corp. (NASDAQ:MENT) last released its earnings data on Thursday, May 22nd. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Mentor Graphics Corp. will post $1.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors 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 0.93%. The ex-dividend date of this dividend is Friday, June 6th.

A number of analysts have recently weighed in on MENT shares. 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 equities research analysts have rated the stock with a buy rating, Mentor Graphics Corp. presently has an average rating of “Buy” and an average 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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