The stock of Mentor Graphics Corp (NASDAQ:MENT) is a huge mover today! About 1.05 million shares traded hands. Mentor Graphics Corp (NASDAQ:MENT) has risen 46.48% since March 11, 2016 and is uptrending. It has outperformed by 41.03% the S&P500.
The move comes after 8 months negative chart setup for the $3.05B company. It was reported on Oct, 14 by Barchart.com. We have $25.59 PT which if reached, will make NASDAQ:MENT worth $213.50M less.
Mentor Graphics Corp (NASDAQ:MENT) Ratings Coverage
Out of 6 analysts covering Mentor Graphics (NASDAQ:MENT), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Mentor Graphics has been the topic of 11 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained the shares of MENT in a report on Friday, August 21 with “Buy” rating. Needham downgraded the shares of MENT in a report on Monday, November 23 to “Hold” rating. The firm has “Neutral” rating by Bank of America given on Friday, November 20. On Friday, November 20 the stock rating was downgraded by Pacific Crest to “Sector Perform”. The rating was downgraded by DA Davidson on Friday, November 20 to “Neutral”. On Friday, November 20 the stock rating was downgraded by JP Morgan to “Underweight”. The firm earned “Buy” rating on Monday, October 10 by DA Davidson. Canaccord Genuity maintained Mentor Graphics Corp (NASDAQ:MENT) rating on Monday, August 24. Canaccord Genuity has “Buy” rating and $30 price target. The firm has “Neutral” rating by DA Davidson given on Friday, August 19. DA Davidson upgraded the stock to “Buy” rating in Monday, February 22 report.
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 2016 Q2. Its down 0.39, from 1.53 in 2016Q1. The ratio fall, 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.
Moreover, Blackrock Fund has 0.03% invested in Mentor Graphics Corp (NASDAQ:MENT) for 5.37 million shares. Texas Permanent School Fund holds 0.02% or 76,892 shares in its portfolio. Thrivent Finance For Lutherans has invested 0.01% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT). Loomis Sayles & Co Ltd Partnership holds 502 shares or 0% of its portfolio. Retirement System Of Alabama accumulated 0.02% or 129,723 shares. Ifrah Services accumulated 0.09% or 10,073 shares. Goldman Sachs Grp reported 1.51 million shares or 0.01% of all its holdings. Advantus Cap Mgmt Inc owns 12,179 shares or 0.01% of their US portfolio. Schwab Charles Management holds 534,433 shares or 0.01% of its portfolio. The Nebraska-based Ameritas Investment Prtn has invested 0.03% in Mentor Graphics Corp (NASDAQ:MENT). Checchi Capital Advisers Ltd Llc, a California-based fund reported 8,256 shares. Eaton Vance last reported 0.1% of its portfolio in the stock. Ahl Partners Llp has invested 0.15% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT). Bb&T Corp has 0.02% invested in the company for 34,508 shares. New York State Teachers Retirement reported 236,034 shares or 0.01% of all its holdings.
Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 1 insider sale for $692,303 net activity. On Friday, May 27 HINCKLEY GREGORY K sold $692,303 worth of the stock or 32,396 shares.
More notable recent Mentor Graphics Corp (NASDAQ:MENT) news were published by: Wsj.com which released: “Elliott Doubles Stake in Mentor Graphics Corp.” on September 29, 2016, also Prnewswire.com with their article: “Mentor Graphics Acquires Galaxy Semiconductor” published on October 10, 2016, Oregonlive.com published: “Mentor Graphics’ fate: A private equity sale?” on October 03, 2016. More interesting news about Mentor Graphics Corp (NASDAQ:MENT) were released by: Prnewswire.com and their article: “Mentor Graphics SystemVision Improves Siemens Building Technologies’ PCB …” published on September 26, 2016 as well as Prnewswire.com‘s news article titled: “Mentor Graphics Extends Offering to Support TSMC 7nm and 16FFC FinFET Process …” with publication date: September 21, 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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