American International Group Inc. Increases Position in Mentor Graphics Corporation (MENT)

American International Group Inc. increased its stake in shares of Mentor Graphics Corporation (NASDAQ:MENT) by 5.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 267,463 shares of the company’s stock after buying an additional 14,292 shares during the period. American International Group Inc. owned about 0.25% of Mentor Graphics Corporation worth $7,072,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MENT. LS Investment Advisors LLC boosted its stake in shares of Mentor Graphics Corporation by 70.6% in the second quarter. LS Investment Advisors LLC now owns 5,938 shares of the company’s stock worth $126,000 after buying an additional 2,457 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of Mentor Graphics Corporation by 7,915.5% in the second quarter. Checchi Capital Advisers LLC now owns 8,256 shares of the company’s stock worth $176,000 after buying an additional 8,153 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Mentor Graphics Corporation during the second quarter worth $2,974,000. Bank of Montreal Can acquired a new stake in shares of Mentor Graphics Corporation during the second quarter worth $8,427,000. Finally, Strs Ohio boosted its stake in shares of Mentor Graphics Corporation by 7.8% in the second quarter. Strs Ohio now owns 60,600 shares of the company’s stock worth $1,288,000 after buying an additional 4,400 shares during the period. 99.89% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Mentor Graphics Corporation (NASDAQ:MENT)

Shares of Mentor Graphics Corporation (NASDAQ:MENT) traded up 0.03% during trading on Wednesday, reaching $36.92. 485,374 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.04 billion, a P/E ratio of 44.54 and a beta of 0.79. The company has a 50 day moving average of $36.69 and a 200 day moving average of $27.55. Mentor Graphics Corporation has a 52-week low of $16.10 and a 52-week high of $37.03.

Mentor Graphics Corporation (NASDAQ:MENT) last released its earnings results on Tuesday, November 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. Mentor Graphics Corporation had a net margin of 8.06% and a return on equity of 8.43%. The company earned $322.52 million during the quarter. During the same quarter in the previous year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Mentor Graphics Corporation will post $1.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 8th were given a $0.055 dividend. The ex-dividend date of this dividend was Tuesday, December 6th. This represents a $0.22 dividend on an annualized basis and a yield of 0.60%. Mentor Graphics Corporation’s payout ratio is 27.85%.

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A number of analysts recently weighed in on the stock. Credit Suisse Group cut shares of Mentor Graphics Corporation from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $34.00 to $37.25 in a research report on Monday, November 28th. DA Davidson cut shares of Mentor Graphics Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 15th. Zacks Investment Research raised shares of Mentor Graphics Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 20th. Finally, TheStreet raised shares of Mentor Graphics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, October 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $30.42.

Mentor Graphics Corporation Company Profile

Mentor Graphics Corporation 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.

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