Insider Selling: Mentor Graphics Corp. Director Sells 12,000 Shares of Stock (MENT)
Mentor Graphics Corp. (NASDAQ:MENT) Director Peter L. Bonfield unloaded 12,000 shares of the company’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $21.31, for a total value of $255,720.00. Following the transaction, the director now directly owns 51,199 shares in the company, valued at approximately $1,091,051. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
MENT has been the subject of a number of recent research reports. 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, The company has an average rating of “Buy” and a consensus target price of $26.37.
Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.37% on Friday, hitting $21.60. 859,294 shares of the company’s stock traded hands. Mentor Graphics Corp. has a one year low of $18.80 and a one year high of $24.31. The stock has a 50-day moving average of $21.15 and a 200-day moving average of $21.6. The company has a market cap of $2.461 billion and a price-to-earnings ratio of 17.04.
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. Analysts expect that Mentor Graphics Corp. will post $1.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, June 6th.
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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