Mentor Graphics Corp. (NASDAQ:MENT) shares saw strong trading volume on Wednesday . 1,340,130 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 1,323,715 shares.The stock last traded at $23.94 and had previously closed at $23.92.

Several equities research analysts have weighed in on the stock. Pacific Crest restated a “hold” rating on shares of Mentor Graphics Corp. in a research note on Thursday, August 18th. DA Davidson downgraded shares of Mentor Graphics Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, August 19th. Finally, KeyCorp restated a “hold” rating on shares of Mentor Graphics Corp. in a research note on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Mentor Graphics Corp. has an average rating of “Hold” and an average target price of $24.67.

The stock has a 50-day moving average price of $23.07 and a 200-day moving average price of $21.32. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 41.95 and a beta of 0.98.

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Mentor Graphics Corp. (NASDAQ:MENT) last announced its earnings results on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. Mentor Graphics Corp. had a net margin of 5.85% and a return on equity of 6.15%. The firm had revenue of $254.34 million for the quarter, compared to the consensus estimate of $245.17 million. During the same period in the prior year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities analysts expect that Mentor Graphics Corp. will post $1.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 19th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, September 15th. Mentor Graphics Corp.’s payout ratio is currently 40.74%.

Large investors have recently made changes to their positions in the company. State Street Corp increased its stake in shares of Mentor Graphics Corp. by 2.4% in the first quarter. State Street Corp now owns 3,115,698 shares of the company’s stock valued at $63,334,000 after buying an additional 74,165 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Mentor Graphics Corp. by 3.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,837,644 shares of the company’s stock valued at $37,360,000 after buying an additional 60,444 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Mentor Graphics Corp. by 4.2% in the second quarter. Oppenheimer & Co. Inc. now owns 241,784 shares of the company’s stock valued at $5,140,000 after buying an additional 9,855 shares during the last quarter. BTC Capital Management Inc. increased its stake in shares of Mentor Graphics Corp. by 30.8% in the first quarter. BTC Capital Management Inc. now owns 89,205 shares of the company’s stock valued at $1,815,000 after buying an additional 21,002 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Mentor Graphics Corp. by 54.7% in the second quarter. LSV Asset Management now owns 3,207,764 shares of the company’s stock valued at $68,197,000 after buying an additional 1,134,128 shares during the last quarter. 97.77% of the stock is currently owned by hedge funds and other institutional investors.

About Mentor Graphics Corp.

Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools, which include computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components.

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