Analyst Price Target Update on Mentor Graphics Corporation (NASDAQ:MENT)

Mentor Graphics Corporation (NASDAQ:MENT) shares are expected to touch $22.67 in the short term. This short term price target has been shared by 3 analysts. However, the standard deviation of short term price estimate has been valued at 2.31. The target price could hit $24 on the higher end and $20 on the lower end.

Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, Hinckley Gregory K, director officer (President) of Mentor Graphics Corp, unloaded 32,396 shares at an average price of $21.37 on May 27, 2016. The total amount of the transaction was worth $692,303, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Mentor Graphics Corporation (NASDAQ:MENT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.21 points or 0.96% at $21.69 with 1,656,969 shares getting traded. Post opening the session at $21.72, the shares hit an intraday low of $21.352 and an intraday high of $21.89 and the price was in this range throughout the day. The company has a market cap of $2,320 million and the number of outstanding shares have been calculated to be 106,982,058 shares. The 52-week high of Mentor Graphics Corporation (NASDAQ:MENT) is $28.09 and the 52-week low is $16.1.

Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools – 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 Companys products are used in the design and development of a diverse set of electronic products, including automotive electronics, computers and workstations, digital cameras, cellular telephones, medical devices, smart phones, industrial electronics and manufacturing systems. The Company segregated revenues into five categories of similar products and services: Scalable Verification, IC Design to Silicon, Integrated System Design, New and Emerging Products, and Services and Other.

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