Worth Watching: What’s Ahead for Mentor Graphics Corp After Today’s Big Increase?

Worth Watching: What's Ahead for Mentor Graphics Corp After Today's Big Increase?

The stock of Mentor Graphics Corp (NASDAQ:MENT) is a huge mover today! The stock increased 7.09% or $1.75 during the last trading session, hitting $26.44. About 5.56 million shares traded hands or 254.14% up from the average. Mentor Graphics Corp (NASDAQ:MENT) has risen 30.02% since February 26, 2016 and is uptrending. It has outperformed by 19.59% the S&P500.
The move comes after 6 months positive chart setup for the $2.85B company. It was reported on Sep, 30 by Barchart.com. We have $34.90 PT which if reached, will make NASDAQ:MENT worth $912.00M more.

Mentor Graphics Corp (NASDAQ:MENT) Ratings Coverage

Out of 6 analysts covering Mentor Graphics (NASDAQ:MENT), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Mentor Graphics has been the topic of 10 analyst reports since August 21, 2015 according to StockzIntelligence Inc. JP Morgan downgraded Mentor Graphics Corp (NASDAQ:MENT) on Friday, November 20 to “Underweight” rating. The stock of Mentor Graphics Corp (NASDAQ:MENT) has “Neutral” rating given on Friday, November 20 by Bank of America. The firm earned “Buy” rating on Friday, August 21 by Canaccord Genuity. The rating was downgraded by Pacific Crest to “Sector Perform” on Friday, November 20. DA Davidson downgraded the stock to “Neutral” rating in Friday, August 19 report. On Monday, November 23 the stock rating was downgraded by Needham to “Hold”. The firm has “Neutral” rating given on Friday, November 20 by DA Davidson. On Monday, February 22 the stock rating was upgraded by DA Davidson to “Buy”. The stock of Mentor Graphics Corp (NASDAQ:MENT) has “Buy” rating given on Monday, August 24 by Canaccord Genuity.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 0.39, from 1.53 in 2016Q1. The ratio is negative, as 33 funds sold all Mentor Graphics Corp shares owned while 73 reduced positions. 29 funds bought stakes while 92 increased positions. They now own 99.59 million shares or 1.63% more from 97.99 million shares in 2016Q1.
South Dakota Inv Council has invested 0.01% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT). Tsp Cap Management Grp Ltd has 3.84% invested in the company for 349,050 shares. Bnp Paribas Arbitrage has 0.01% invested in the company for 94,408 shares. Secor Capital Advsr Ltd Partnership accumulated 0.04% or 14,766 shares. Rothschild Asset Mgmt Incorporated has 0.15% invested in the company for 403,144 shares. Fmr Llc holds 1.24M shares or 0% of its portfolio. Evercore Wealth Management Ltd Liability has invested 0% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT). Profund Ltd Liability Corp accumulated 0.02% or 21,922 shares. State Of New Jersey Common Pension Fund D has 0.01% invested in the company for 155,000 shares. California Employees Retirement Sys holds 0.01% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 362,600 shares. Ubs Asset Mngmt Americas Inc holds 68,238 shares or 0% of its portfolio. Teacher Retirement System Of Texas accumulated 0.01% or 62,967 shares. Cantab Prns Ltd Liability Partnership, a United Kingdom-based fund reported 3,983 shares. Proshare Advisors Lc owns 24,840 shares or 0.01% of their US portfolio. Icon Advisers, a Colorado-based fund reported 51,100 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 1 insider sale for $692,303 net activity. HINCKLEY GREGORY K had sold 32,396 shares worth $692,303 on Friday, May 27.

More notable recent Mentor Graphics Corp (NASDAQ:MENT) news were published by: Reuters.com which released: “Elliott takes 8.1 percent stake in Mentor Graphics” on September 29, 2016, also Reuters.com with their article: “BRIEF-Elliott associates and affiliates report 8.1 percent stake in Mentor…” published on September 29, 2016, Prnewswire.com published: “Mentor Graphics to Present at the Credit Suisse Small & Mid Cap Conference” on September 07, 2016. More interesting news about Mentor Graphics Corp (NASDAQ:MENT) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Broadcom, Mentor Graphics and Insperity” published on September 13, 2016 as well as Prnewswire.com‘s news article titled: “Mentor Graphics SystemVision Improves Siemens Building Technologies’ PCB …” with publication date: September 26, 2016.

MENT Company Profile

Mentor Graphics Corporation, incorporated on April 2, 1981, 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. The Firm markets its services and products across the world, mainly to companies in the communications, computer, consumer electronics, semiconductor, networking, military and aerospace, multimedia and transportation industries. The electronic components and systems that the Company’s clients create with its products include integrated circuits (ICs), printed circuit boards (PCBs), field programmable gate arrays (FPGAs), embedded software solutions and wire harness systems.

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