Mentor Graphics Corp. Insider Unloads $58,878 in Stock (MENT)
Mentor Graphics Corp. (NASDAQ:MENT) Insider Richard Trebing sold 2,750 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $21.41, for a total value of $58,877.50. Following the completion of the sale, the insider now directly owns 1,891 shares in the company, valued at approximately $40,486. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.94% during mid-day trading on Tuesday, hitting $21.52. The stock had a trading volume of 610,357 shares. Mentor Graphics Corp. has a 52 week low of $19.14 and a 52 week high of $24.31. The stock has a 50-day moving average of $21.0 and a 200-day moving average of $21.20. The company has a market cap of $2.450 billion and a P/E ratio of 17.68.
Mentor Graphics Corp. (NASDAQ:MENT) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.08. The company had revenue of $260.20 million for the quarter. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Mentor Graphics Corp. will post $1.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.94%.
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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