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Mentor Graphics Corp. (NASDAQ:MENT) Director Patrick Mcmanus unloaded 24,000 shares of Mentor Graphics Corp. stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $22.24, for a total transaction of $533,760.00. Following the sale, the director now directly owns 41,699 shares of the company’s stock, valued at approximately $927,386. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.36% on Wednesday, hitting $22.23. 653,574 shares of the company’s stock traded hands. Mentor Graphics Corp. has a 52-week low of $19.14 and a 52-week high of $24.31. The stock’s 50-day moving average is $21.02 and its 200-day moving average is $21.28. The company has a market cap of $2.531 billion and a P/E ratio of 18.37.

Mentor Graphics Corp. (NASDAQ:MENT) last announced its earnings results 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 last year, the company posted $0.26 earnings per share. Mentor Graphics Corp.’s revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Mentor Graphics Corp. will post $1.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders 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 0.90%. The ex-dividend date is Monday, September 8th.

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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