Is Buying Mentor Graphics Corp Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Mentor Graphics Corp Here a Winning Strategy? Option Traders Like The Stock

In today’s session Mentor Graphics Corp (MENT) registered an unusually high (5,658) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious MENT increase. With 5,658 contracts traded and 214 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: MENT170120C00030000 closed last at: $0.6 or 9.1% up. About 81,774 shares traded hands. Mentor Graphics Corp (NASDAQ:MENT) has risen 32.27% since March 3, 2016 and is uptrending. It has outperformed by 23.92% the S&P500.

Mentor Graphics Corp (NASDAQ:MENT) Ratings Coverage

Out of 6 analysts covering Mentor Graphics (NASDAQ:MENT), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. $30 is the highest target while $24 is the lowest. The $27.50 average target is 4.52% above today’s ($26.31) stock price. Mentor Graphics has been the topic of 10 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm earned “Underweight” rating on Friday, November 20 by JP Morgan. The rating was maintained by Canaccord Genuity with “Buy” on Friday, August 21. The firm earned “Buy” rating on Monday, February 22 by DA Davidson. The rating was maintained by Canaccord Genuity on Monday, August 24 with “Buy”. DA Davidson downgraded Mentor Graphics Corp (NASDAQ:MENT) rating on Friday, August 19. DA Davidson has “Neutral” rating and $24 price target. The firm earned “Hold” rating on Monday, November 23 by Needham. The firm has “Neutral” rating given on Friday, November 20 by DA Davidson. Pacific Crest downgraded Mentor Graphics Corp (NASDAQ:MENT) on Friday, November 20 to “Sector Perform” rating. Bank of America downgraded Mentor Graphics Corp (NASDAQ:MENT) rating on Friday, November 20. Bank of America has “Neutral” rating and $28 price target.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 0.39, from 1.53 in 2016Q1. The ratio turned negative, 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.
Great West Life Assurance Can owns 9,200 shares or 0% of their US portfolio. Blackrock holds 102,475 shares or 0% of its portfolio. Connor Clark Lunn Mgmt owns 211,300 shares or 0.03% of their US portfolio. Signaturefd Limited Com has invested 0% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT). Ameriprise, a Minnesota-based fund reported 1.25M shares. Acadian Asset Mngmt Limited Liability Company has 246,129 shares for 0.03% of their US portfolio. Loomis Sayles And L P has invested 0% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT). Blackrock Management Limited Liability Corporation holds 0.02% or 722,020 shares in its portfolio. Louisiana State Employees Retirement Sys reported 26,700 shares or 0.03% of all its holdings. Blackrock Institutional Na has invested 0.01% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT). Gray Financial Grp Ga Adv Adv, a Georgia-based fund reported 12,661 shares. Bridgeway Cap Mngmt has 0.03% invested in the company for 92,600 shares. Rhumbline Advisers last reported 0.01% of its portfolio in the stock. Eaton Vance Mngmt accumulated 0.1% or 1.60 million shares. Paloma Prns Mgmt Company has invested 0.02% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT).

Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 1 sale for $692,303 net activity. 32,396 shares were sold by HINCKLEY GREGORY K, worth $692,303 on Friday, May 27.

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 $2.87 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 48.55 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.

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: Oregonlive.com which released: “Mentor Graphics’ fate: A private equity sale?” on October 03, 2016, also Wsj.com with their article: “Elliott Doubles Stake in Mentor Graphics Corp.” published on September 29, 2016, Prnewswire.com published: “Mentor Graphics Veloce Emulation Platform Used by Starblaze for Verification …” on September 20, 2016. More interesting news about Mentor Graphics Corp (NASDAQ:MENT) were released by: Prnewswire.com and their article: “Mentor Graphics, Northwest Logic, and Krivi Semiconductor Announce …” published on October 05, 2016 as well as Prnewswire.com‘s news article titled: “Mentor Graphics SystemVision Improves Siemens Building Technologies’ PCB …” with publication date: September 26, 2016.

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