Rating To Observe: Credit Suisse Gives Mentor Graphics (NASDAQ:MENT) Lower Rating. Lost Its “Outperform” Rating

November 28, 2016 - By Marie Mckinney

Rating To Observe: Credit Suisse Gives Mentor Graphics (NASDAQ:MENT) Lower Rating. Lost Its

Mentor Graphics (NASDAQ:MENT) Downgrade

In a a note revealed on Monday, 28 November, Credit Suisse has downgraded Mentor Graphics (NASDAQ:MENT) stock to “Neutral”. MENT’s old rating was “Outperform”.

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 -24.86% below today’s ($36.6) stock price. Mentor Graphics has been the topic of 13 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by DA Davidson on Friday, November 20 to “Neutral”. The rating was downgraded by JP Morgan to “Underweight” on Friday, November 20. Bank of America downgraded the shares of MENT in a report on Friday, November 20 to “Neutral” rating. The firm has “Sector Perform” rating given on Friday, November 20 by Pacific Crest. The company was upgraded on Monday, February 22 by DA Davidson. Canaccord Genuity maintained Mentor Graphics Corp (NASDAQ:MENT) rating on Friday, August 21. Canaccord Genuity has “Buy” rating and $30 price target. DA Davidson downgraded it to “Neutral” rating and $24 target price in Friday, August 19 report. The firm has “Neutral” rating given on Tuesday, November 15 by DA Davidson. The stock of Mentor Graphics Corp (NASDAQ:MENT) has “Outperform” rating given on Wednesday, October 19 by Credit Suisse. The rating was maintained by Canaccord Genuity on Monday, August 24 with “Buy”.

About 1.13M 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 increased, 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.

Moreover, Fulton Breakefield Broenniman has 0.05% invested in Mentor Graphics Corp (NASDAQ:MENT) for 10,774 shares. Piedmont Inv Advsrs Limited Co, a North Carolina-based fund reported 170 shares. Cubist Systematic Strategies Limited Liability reported 22,986 shares or 0.03% of all its holdings. Federated Invsts Pa has invested 0.01% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT). Jefferies Grp Limited Liability has 0.01% invested in the company for 114,770 shares. Principal Grp Inc accumulated 377,494 shares or 0.01% of the stock. Herald Investment Management Ltd has invested 2.22% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT). Alliancebernstein L P holds 0% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 232,146 shares. Silvercrest Asset Management Group Ltd Limited Liability Company owns 2.07M shares or 0.56% of their US portfolio. Teachers Advsr holds 1.04M shares or 0.04% of its portfolio. Ameritas Inv Ptnrs holds 0.03% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 24,253 shares. Bank Of Ny Mellon accumulated 0.02% or 2.73 million shares. Millennium Ltd Limited Liability Company holds 0.01% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 265,317 shares. Claar Advsr Lc last reported 420,000 shares in the company. Gemmer Asset Lc has invested 0% 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 46.65 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: Businesswire.com and their article: “Mentor Graphics Reports Fiscal Third Quarter Results” published on November 22, 2016 as well as Prnewswire.com‘s news article titled: “Mentor Graphics FloEFD Computational Fluid Dynamics (CFD) Technology …” with publication date: November 28, 2016.

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