Rating Buzzer: Mentor Graphics (NASDAQ:MENT) Gets Lower Rating From Credit Suisse. What Is The Stock Target?

November 28, 2016 - By Peter Erickson

Rating Buzzer: Mentor Graphics (NASDAQ:MENT) Gets Lower Rating From Credit Suisse. What Is The Stock Target?

Mentor Graphics (NASDAQ:MENT) Downgrade

Trading of Mentor Graphics (NASDAQ:MENT)‘s shares is going to be interesting today. Credit Suisse lowered the stock from a Outperform to a Neutral.

Mentor Graphics Corp (NASDAQ:MENT) Ratings Coverage

Out of 7 analysts covering Mentor Graphics (NASDAQ:MENT), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. $30 is the highest target while $24 is the lowest. The $27.50 average target is -24.92% below today’s ($36.63) stock price. Mentor Graphics has been the topic of 13 analyst reports since August 21, 2015 according to StockzIntelligence Inc. JP Morgan downgraded the shares of MENT in a report on Friday, November 20 to “Underweight” rating. On Friday, August 19 the stock rating was downgraded by DA Davidson to “Neutral”. Needham downgraded Mentor Graphics Corp (NASDAQ:MENT) on Monday, November 23 to “Hold” rating. DA Davidson downgraded Mentor Graphics Corp (NASDAQ:MENT) on Tuesday, November 15 to “Neutral” rating. The firm has “Neutral” rating given on Friday, November 20 by DA Davidson. The stock of Mentor Graphics Corp (NASDAQ:MENT) has “Buy” rating given on Monday, February 22 by DA Davidson. The stock of Mentor Graphics Corp (NASDAQ:MENT) earned “Neutral” rating by Bank of America on Friday, November 20. Canaccord Genuity maintained the stock with “Buy” rating in Friday, August 21 report. Canaccord Genuity maintained the stock with “Buy” rating in Monday, August 24 report. The rating was upgraded by DA Davidson to “Buy” on Monday, October 10.

About 272,627 shares traded hands. Mentor Graphics Corp (NASDAQ:MENT) has risen 78.01% since April 25, 2016 and is uptrending. It has outperformed by 72.00% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.22 in Q2 2016. Its up 0.08, from 1.14 in 2016Q1. The ratio is positive, as 33 funds sold all Mentor Graphics Corp shares owned while 73 reduced positions. 29 funds bought stakes while 92 increased positions. They now own 99.59 million shares or 1.63% more from 97.99 million shares in 2016Q1.

Glenmede Tru Company Na holds 0% or 29,520 shares in its portfolio. Arizona State Retirement Systems accumulated 39,344 shares or 0.01% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 2,191 shares. Group last reported 253,171 shares in the company. Citadel Limited Liability Corporation holds 0% or 22,175 shares in its portfolio. Thrivent For Lutherans holds 0.01% or 63,200 shares in its portfolio. Advsrs Asset Inc owns 12,025 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement Systems last reported 0.01% of its portfolio in the stock. Gabelli Funds Limited Liability last reported 0.01% of its portfolio in the stock. Victory Cap Mgmt Incorporated reported 3.51 million shares or 0.3% of all its holdings. Checchi Advisers Ltd Com last reported 0.02% of its portfolio in the stock. The New York-based Claar Advsrs Limited Liability has invested 4.43% in Mentor Graphics Corp (NASDAQ:MENT). Icon Advisers Inc Co accumulated 0.07% or 51,100 shares. Fmr Llc owns 1.24M shares or 0% of their US portfolio. Piedmont Invest Advsr Ltd Liability Corp holds 0% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 170 shares.

Mentor Graphics Corporation is a supplier of electronic design automation 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. The company has a market cap of $3.98 billion. The Firm markets its services and products across the world, mainly to companies in the communications, computer, consumer electronics, semiconductor, networking, military and aerospace, multimedia and transportation industries. It has a 46.69 P/E ratio. The electronic components and systems that the Company’s clients create with its products include integrated circuits (ICs), printed circuit boards (PCBs), field programmable gate arrays (FPGAs), embedded software solutions and wire harness systems.

According to Zacks Investment Research, “MENTOR GRAPHICS CORP. designs, manufactures, markets and supports electronic design automation (EDA) software for the integrated circuit and systems design markets. The company provides a broad range of EDA tools developed either by the Company or together with third parties to support the entire electronic design process. The Company’s software products enable engineers and designers to design, analyze, place and route, and test custom (ASICs), printed circuit boards, multichip modules and other electronic systems and subsystems.”

MENT Company Profile

Mentor Graphics Corporation, incorporated on April 2, 1981, 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. The Firm markets its services and products across the world, mainly to companies in the communications, computer, consumer electronics, semiconductor, networking, military and aerospace, multimedia and transportation industries. The electronic components and systems that the Company’s clients create with its products include integrated circuits (ICs), printed circuit boards (PCBs), field programmable gate arrays (FPGAs), embedded software solutions and wire harness systems.

More notable recent Mentor Graphics Corp (NASDAQ:MENT) news were published by: Bloomberg.com which released: “Siemens to Buy U.S. Software Maker Mentor for $4.5 Billion” on November 14, 2016, also Wsj.com with their article: “Mentor Graphics Results Top Views” published on November 22, 2016, Prnewswire.com published: “MENTOR GRAPHICS SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the …” on November 18, 2016. More interesting news about Mentor Graphics Corp (NASDAQ:MENT) were released by: Reuters.com and their article: “BRIEF-Mentor Graphics Corp says signs agreement with arm to accelerate ear…” published on November 16, 2016 as well as Oregonlive.com‘s news article titled: “Mentor Graphics’ sale ends an era in the Silicon Forest” with publication date: November 15, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>