Mentor Graphics Corp. (MENT) Cut to Sell at Zacks Investment Research
Mentor Graphics Corp. (NASDAQ:MENT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.
According to Zacks, “MENTOR GRAPHICS CORP. designs, manufactures, markets and supports electronic design automation (EDA) software for the integrated circuit and systems design markets. The company provides a broad range of EDA tools developed either by the Company or together with third parties to support the entire electronic design process. The Company’s software products enable engineers and designers to design, analyze, place and route, and test custom (ASICs), printed circuit boards, multichip modules and other electronic systems and subsystems. “
Several other equities research analysts have also recently weighed in on MENT. DA Davidson cut shares of Mentor Graphics Corp. from a “buy” rating to a “neutral” rating and set a $24.00 price target on the stock. in a research report on Thursday, August 18th. They noted that the move was a valuation call. KeyCorp restated a “hold” rating on shares of Mentor Graphics Corp. in a research report on Tuesday, August 16th. Finally, Pacific Crest restated a “hold” rating on shares of Mentor Graphics Corp. in a research report on Thursday, August 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.67.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/mentor-graphics-corp-ment-cut-to-sell-at-zacks-investment-research.html
Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 26.47 on Thursday. The stock has a 50 day moving average of $24.40 and a 200 day moving average of $21.82. The stock has a market capitalization of $2.86 billion, a PE ratio of 46.03 and a beta of 0.86. Mentor Graphics Corp. has a 52-week low of $16.10 and a 52-week high of $28.09.
Mentor Graphics Corp. (NASDAQ:MENT) last released its quarterly earnings data on Thursday, August 18th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $254.34 million for the quarter, compared to analysts’ expectations of $245.17 million. Mentor Graphics Corp. had a net margin of 5.85% and a return on equity of 6.15%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 earnings per share. Analysts forecast that Mentor Graphics Corp. will post $1.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, September 15th. Mentor Graphics Corp.’s dividend payout ratio (DPR) is 40.74%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its position in Mentor Graphics Corp. by 20.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,952 shares of the company’s stock worth $105,000 after buying an additional 857 shares during the period. LS Investment Advisors LLC boosted its position in Mentor Graphics Corp. by 70.6% in the second quarter. LS Investment Advisors LLC now owns 5,938 shares of the company’s stock worth $126,000 after buying an additional 2,457 shares during the period. Acrospire Investment Management LLC purchased a new position in Mentor Graphics Corp. during the first quarter worth $122,000. Fuller & Thaler Asset Management Inc. boosted its position in Mentor Graphics Corp. by 844.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,375 shares of the company’s stock worth $136,000 after buying an additional 5,700 shares during the period. Finally, Checchi Capital Advisers LLC boosted its position in Mentor Graphics Corp. by 7,915.5% in the second quarter. Checchi Capital Advisers LLC now owns 8,256 shares of the company’s stock worth $176,000 after buying an additional 8,153 shares during the period. Institutional investors and hedge funds own 97.77% of the company’s stock.
Mentor Graphics Corp. Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mentor Graphics Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mentor Graphics Corp. and related companies with MarketBeat.com's FREE daily email newsletter.