Mentor Graphics Corp. (MENT) Earns Outperform Rating from Analysts at Credit Suisse Group AG
Investment analysts at Credit Suisse Group AG initiated coverage on shares of Mentor Graphics Corp. (NASDAQ:MENT) in a report released on Wednesday, The Fly reports. The firm set an “outperform” rating on the stock.
A number of other equities research analysts have also recently weighed in on MENT. DA Davidson cut Mentor Graphics Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, August 19th. TheStreet raised Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a research note on Friday, October 7th. KeyCorp reissued a “hold” rating on shares of Mentor Graphics Corp. in a research note on Tuesday, August 16th. Pacific Crest reissued a “hold” rating on shares of Mentor Graphics Corp. in a research note on Thursday, August 18th. Finally, Zacks Investment Research cut Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Mentor Graphics Corp. has an average rating of “Hold” and an average price target of $27.33.
Mentor Graphics Corp. (NASDAQ:MENT) opened at 28.81 on Wednesday. The stock has a 50 day moving average price of $25.17 and a 200-day moving average price of $22.23. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 50.10 and a beta of 0.86. Mentor Graphics Corp. has a one year low of $16.10 and a one year high of $28.92.
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Mentor Graphics Corp. (NASDAQ:MENT) last issued its quarterly earnings data on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. Mentor Graphics Corp. had a return on equity of 6.15% and a net margin of 5.85%. The business earned $254.34 million during the quarter, compared to analysts’ expectations of $245.17 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. On average, analysts predict that Mentor Graphics Corp. will post $1.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, September 15th. Mentor Graphics Corp.’s dividend payout ratio (DPR) is 40.74%.
A number of hedge funds 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 worth $63,334,000 after buying an additional 74,165 shares during the period. 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 worth $37,360,000 after buying an additional 60,444 shares during the period. BlackRock Group LTD increased its stake in shares of Mentor Graphics Corp. by 3.4% in the first quarter. BlackRock Group LTD now owns 177,706 shares of the company’s stock worth $3,613,000 after buying an additional 5,875 shares during the period. 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 worth $5,140,000 after buying an additional 9,855 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Mentor Graphics Corp. during the second quarter worth about $1,233,000. 97.71% of the stock is owned by 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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