Mentor Graphics Corp (MENT) : Icahn Carl C has sold out all of its stake in Mentor Graphics Corp during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 16,120,289 shares of Mentor Graphics Corp which is valued at $346,586,214.
Other Hedge Funds, Including , A.r.t. Advisors sold out all of its stake in MENT during the most recent quarter. The investment firm sold 157,416 shares of MENT which is valued $3,384,444.Secor Capital Advisors Lp reduced its stake in MENT by selling 77,344 shares or 83.97% in the most recent quarter. The Hedge Fund company now holds 14,766 shares of MENT which is valued at $318,355. Mentor Graphics Corp makes up approx 0.04% of Secor Capital Advisors Lp’s portfolio.California Public Employees Retirement System reduced its stake in MENT by selling 23,200 shares or 6.01% in the most recent quarter. The Hedge Fund company now holds 362,600 shares of MENT which is valued at $7,632,730. Mentor Graphics Corp makes up approx 0.01% of California Public Employees Retirement System’s portfolio. Silver Capital Management added MENT to its portfolio by purchasing 32,460 company shares during the most recent quarter which is valued at $683,283. Mentor Graphics Corp makes up approx 3.08% of Silver Capital Management’s portfolio.
Mentor Graphics Corp opened for trading at $24 and hit $24.32 on the upside on Thursday, eventually ending the session at $24.29, with a gain of 1.17% or 0.28 points. The heightened volatility saw the trading volume jump to 11,17,238 shares. Company has a market cap of $2,627 M.
On the company’s financial health, Mentor Graphics Corp reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.09. The company had revenue of $254.34 million for the quarter, compared to analysts expectations of $245.17 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.
Investors should note that on Aug 18, 2016, Mentor Graphics Corp announced a cash dividend of $0.0550. The company’s management has announced Sep 15, 2016 as the ex-dividend date and fixed the record date on Sep 19, 2016. The payable date has been fixed on Sep 30, 2016.
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.