Noteworthy Ownership Action: Mentor Graphics Corp (NASDAQ:MENT) Institutional Investor Sentiment Is 1.22

December 1, 2016 - By Adrian Mccoy   ·   0 Comments

Noteworthy Ownership Action: Mentor Graphics Corp (NASDAQ:MENT) Institutional Investor Sentiment Is 1.22

Sentiment for Mentor Graphics Corp (NASDAQ:MENT)

Mentor Graphics Corp (NASDAQ:MENT) institutional sentiment increased to 1.22 in Q2 2016. Its up 0.08, from 1.14 in 2016Q1. The ratio is better, as 121 investment professionals opened new and increased equity positions, while 106 cut down and sold their equity positions in Mentor Graphics Corp. The investment professionals in our partner’s database reported: 99.59 million shares, up from 97.99 million shares in 2016Q1. Also, the number of investment professionals holding Mentor Graphics Corp in their top 10 equity positions was flat from 4 to 4 for the same number . Sold All: 33 Reduced: 73 Increased: 92 New Position: 29.

Mentor Graphics Corporation is a supplier of electronic design automation 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 company has a market cap of $3.95 billion. 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. It has a 46.56 P/E ratio. 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.

About 2.26 million shares traded hands. Mentor Graphics Corp (NASDAQ:MENT) has risen 79.96% since April 28, 2016 and is uptrending. It has outperformed by 74.04% the S&P500.

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.”

Claar Advisors Llc holds 4.43% of its portfolio in Mentor Graphics Corp for 420,000 shares. Tsp Capital Management Group Llc owns 349,050 shares or 3.84% of their US portfolio. Moreover, Kerrisdale Advisers Llc has 3.73% invested in the company for 1.09 million shares. The Florida-based Private Capital Management Llc has invested 3.53% in the stock. Silver Capital Management Llc, a New York-based fund reported 32,460 shares.#img1#

Mentor Graphics Corp (NASDAQ:MENT) Ratings Coverage

Ratings analysis reveals 14% of Mentor Graphics’s analysts are positive. Out of 7 Wall Street analysts rating Mentor Graphics, 1 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $24 while the high is $30. The stock’s average target of $27.50 is -24.72% below today’s ($36.53) share price. MENT was included in 14 notes of analysts from August 21, 2015. The firm has “Outperform” rating by Credit Suisse given on Wednesday, October 19. Credit Suisse downgraded the stock to “Neutral” rating in Monday, November 28 report. The firm earned “Sector Perform” rating on Friday, November 20 by Pacific Crest. The company was downgraded on Friday, August 19 by DA Davidson. The stock has “Buy” rating given by DA Davidson on Monday, October 10. DA Davidson upgraded the stock to “Buy” rating in Monday, February 22 report. DA Davidson downgraded it to “Neutral” rating and $24 target price in Friday, November 20 report. Canaccord Genuity maintained Mentor Graphics Corp (NASDAQ:MENT) rating on Friday, August 21. Canaccord Genuity has “Buy” rating and $30 price target. On Friday, November 20 the stock rating was downgraded by JP Morgan to “Underweight”. The stock of Mentor Graphics Corp (NASDAQ:MENT) earned “Hold” rating by Needham on Monday, November 23.

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.

More notable recent Mentor Graphics Corp (NASDAQ:MENT) news were published by: Bloomberg.com which released: “Siemens to Buy U.S. Software Maker Mentor for $4.5 Billion” on November 14, 2016, also Wsj.com with their article: “Mentor Graphics Results Top Views” published on November 22, 2016, Prnewswire.com published: “MENTOR GRAPHICS SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the …” on November 18, 2016. More interesting news about Mentor Graphics Corp (NASDAQ:MENT) were released by: Reuters.com and their article: “BRIEF-Mentor Graphics Corp says signs agreement with arm to accelerate ear…” published on November 16, 2016 as well as Oregonlive.com‘s news article titled: “Mentor Graphics’ sale ends an era in the Silicon Forest” with publication date: November 15, 2016.

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By Adrian Mccoy


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