Rating Flow: Time To Sell Mentor Graphics (NASDAQ:MENT), Credit Suisse Downgrades It

November 28, 2016 - By Ellis Scott

Rating Flow:  Time To Sell Mentor Graphics (NASDAQ:MENT), Credit Suisse Downgrades It

Mentor Graphics (NASDAQ:MENT) Downgrade

Mentor Graphics (NASDAQ:MENT) was lowered by Credit Suisse from Outperform rating to Neutral rating in a research note revealed to investors and clients on Monday, 28 November. The firm currently has a $37.25 target on the stock. Credit Suisse’s target gives a potential upside of 1.78% from the stock’s last stock close.

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 -24.88% below today’s ($36.61) stock price. Mentor Graphics has been the topic of 13 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was initiated by Credit Suisse with “Outperform” on Wednesday, October 19. The stock of Mentor Graphics Corp (NASDAQ:MENT) earned “Neutral” rating by Bank of America on Friday, November 20. Needham downgraded the stock to “Hold” rating in Monday, November 23 report. The stock has “Underweight” rating given by JP Morgan on Friday, November 20. The rating was downgraded by DA Davidson on Friday, August 19 to “Neutral”. The rating was downgraded by DA Davidson on Tuesday, November 15 to “Neutral”. The rating was upgraded by DA Davidson on Monday, October 10 to “Buy”. The firm has “Buy” rating given on Monday, August 24 by Canaccord Genuity. On Friday, November 20 the stock rating was downgraded by DA Davidson to “Neutral”. The firm has “Buy” rating by DA Davidson given on Monday, February 22.

About 842,075 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 2016 Q2. Its up 0.08, from 1.14 in 2016Q1. The ratio improved, 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.

State Common Retirement Fund accumulated 114,732 shares or 0% of the stock. Moreover, Pnc Ser Gru has 0% invested in Mentor Graphics Corp (NASDAQ:MENT) for 1,969 shares. Moreover, Rockefeller Svcs has 0.29% invested in Mentor Graphics Corp (NASDAQ:MENT) for 680,340 shares. Ubs Asset Management Americas Incorporated holds 0% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 68,238 shares. Paloma Partners Mngmt last reported 0.02% of its portfolio in the stock. Gemmer Asset Mgmt Limited Company last reported 224 shares in the company. Advantus Cap Management Inc owns 12,179 shares or 0.01% of their US portfolio. The Minnesota-based Foundry Prtn Ltd has invested 0.49% in Mentor Graphics Corp (NASDAQ:MENT). Qs Limited Liability holds 306,848 shares or 0.06% of its portfolio. Sensato Invsts Limited Liability owns 210,100 shares or 0.72% of their US portfolio. Fuller Thaler Asset Mngmt has invested 0% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT). Prudential Financial holds 277,243 shares or 0.01% of its portfolio. State Of New Jersey Common Pension Fund D holds 0.01% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 155,000 shares. Us Bank & Trust De has 12,820 shares for 0% of their US portfolio. California State Teachers Retirement Systems has invested 0.01% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT).

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 46.66 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: Prnewswire.com and their article: “Mentor Graphics FloEFD Computational Fluid Dynamics (CFD) Technology …” published on November 28, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Mentor Graphics Corp says signs agreement with arm to accelerate ear…” with publication date: November 16, 2016.

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