Credit Suisse Group AG cut shares of Mentor Graphics Corp. (NASDAQ:MENT) from an outperform rating to a neutral rating in a report published on Monday. They currently have $37.25 price objective on the stock, up from their prior price objective of $34.00.

Several other research analysts have also issued reports on the company. DA Davidson lowered Mentor Graphics Corp. from a buy rating to a neutral rating in a report on Tuesday, November 15th. Zacks Investment Research upgraded Mentor Graphics Corp. from a strong sell rating to a hold rating in a report on Thursday, October 20th. TheStreet upgraded Mentor Graphics Corp. from a hold rating to a buy rating in a report on Friday, October 7th. Pacific Crest reiterated a hold rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. Finally, KeyCorp reiterated a hold rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Mentor Graphics Corp. presently has an average rating of Hold and an average price target of $30.42.

Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 36.55 on Monday. The company has a market capitalization of $3.98 billion, a P/E ratio of 43.98 and a beta of 0.66. The company has a 50-day moving average price of $30.93 and a 200 day moving average price of $24.56. Mentor Graphics Corp. has a 1-year low of $16.10 and a 1-year high of $37.03.

Mentor Graphics Corp. (NASDAQ:MENT) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.09. The business had revenue of $322.52 million for the quarter. Mentor Graphics Corp. had a return on equity of 8.42% and a net margin of 8.06%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. Equities research analysts anticipate that Mentor Graphics Corp. will post $1.68 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 8th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.60%. Mentor Graphics Corp.’s dividend payout ratio is presently 27.85%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Crow Point Partners LLC bought a new position in Mentor Graphics Corp. during the third quarter worth $210,000. Credit Suisse AG raised its position in Mentor Graphics Corp. by 2,172.4% in the third quarter. Credit Suisse AG now owns 3,560,973 shares of the company’s stock worth $94,153,000 after buying an additional 3,404,271 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Mentor Graphics Corp. by 68.0% in the third quarter. Ameritas Investment Partners Inc. now owns 40,742 shares of the company’s stock worth $1,077,000 after buying an additional 16,489 shares in the last quarter. Phocas Financial Corp. raised its position in Mentor Graphics Corp. by 6.5% in the third quarter. Phocas Financial Corp. now owns 265,579 shares of the company’s stock worth $7,022,000 after buying an additional 16,196 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in Mentor Graphics Corp. during the third quarter worth $583,000. Institutional investors own 98.89% 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.

5 Day Chart for NASDAQ:MENT

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