Mentor Graphics Corp (MENT) : Tsp Capital Management Group reduced its stake in Mentor Graphics Corp by 6.71% during the most recent quarter end. The investment management company now holds a total of 349,050 shares of Mentor Graphics Corp which is valued at $7,504,575 after selling 25,100 shares in Mentor Graphics Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Mentor Graphics Corp makes up approximately 3.70% of Tsp Capital Management Group’s portfolio.
Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd reduced its stake in MENT by selling 14,119 shares or 51.44% in the most recent quarter. The Hedge Fund company now holds 13,330 shares of MENT which is valued at $286,595. Mentor Graphics Corp makes up approx 0.07% of Dynamic Technology Lab Private Ltd’s portfolio. Bruderman Asset Management sold out all of its stake in MENT during the most recent quarter. The investment firm sold 290 shares of MENT which is valued $6,258.Advisors Asset Management reduced its stake in MENT by selling 3,537 shares or 22.73% in the most recent quarter. The Hedge Fund company now holds 12,025 shares of MENT which is valued at $259,259. Thomson Horstmann Bryant Inc sold out all of its stake in MENT during the most recent quarter. The investment firm sold 13,894 shares of MENT which is valued $301,778.Fisher Asset Management boosted its stake in MENT in the latest quarter, The investment management firm added 73,033 additional shares and now holds a total of 1,806,122 shares of Mentor Graphics Corp which is valued at $39,138,664. Mentor Graphics Corp makes up approx 0.07% of Fisher Asset Management’s portfolio.
Mentor Graphics Corp opened for trading at $23.2 and hit $23.99 on the upside on Friday, eventually ending the session at $23.49, with a gain of 6.00% or 1.33 points. The heightened volatility saw the trading volume jump to 37,48,420 shares. Company has a market cap of $2,513 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.
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.