Brokerage firm DA Davidson Downgrades its rating on Mentor Graphics Corp(NASDAQ:MENT). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by DA Davidson was issued on Aug 19, 2016.
Mentor Graphics Corp (MENT) made into the market gainers list on Mondays trading session with the shares advancing 0.21% or 0.05 points. Due to strong positive momentum, the stock ended at $24.07, which is also near the day’s high of $24.18. The stock began the session at $24.06 and the volume stood at 10,91,963 shares. The 52-week high of the shares is $28.09 and the 52 week low is $16.1. The company has a current market capitalization of $2,575 M and it has 10,69,82,058 shares in outstanding.
Mentor Graphics Corp has also declared a cash dividend of $0.0550 on Aug 18, 2016. The shares will quote ex-dividend on Sep 15, 2016 and the record date has been fixed on Sep 19, 2016. The dividend payable date has been fixed on Sep 30, 2016.
Mentor Graphics Corp(MENT) last announced its earnings results on Aug 18, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $254.34M. Analysts had an estimated revenue of $245.17M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.09.
Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Keith Barnes (director) sold 2,982 shares at $21.79 per share price.Also, On Jun 1, 2016, Gregory K Hinckley (President) sold 32,396 shares at $21.37 per share price.On Jan 8, 2016, Patrick Mcmanus (director) purchased 2,000 shares at $17.13 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Company’s 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.