The stock of Mentor Graphics Corp (NASDAQ:MENT) hit a new 52-week high and has $44.61 target or 51.00% above today’s $29.54 share price. The 6 months bullish chart indicates low risk for the $3.15B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $44.61 price target is reached, the company will be worth $1.61B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 124,167 shares traded hands. Mentor Graphics Corp (NASDAQ:MENT) has risen 42.91% since April 5, 2016 and is uptrending. It has outperformed by 40.95% the S&P500.
Mentor Graphics Corp (NASDAQ:MENT) Ratings Coverage
Out of 7 analysts covering Mentor Graphics (NASDAQ:MENT), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. $30 is the highest target while $24 is the lowest. The $27.50 average target is -6.91% below today’s ($29.54) stock price. Mentor Graphics has been the topic of 12 analyst reports since August 21, 2015 according to StockzIntelligence Inc. As per Monday, February 22, the company rating was upgraded by DA Davidson. The company was initiated on Wednesday, October 19 by Credit Suisse. The company was upgraded on Monday, October 10 by DA Davidson. The company was downgraded on Friday, November 20 by Pacific Crest. The stock has “Buy” rating given by Canaccord Genuity on Monday, August 24. The firm has “Neutral” rating by Bank of America given on Friday, November 20. The stock of Mentor Graphics Corp (NASDAQ:MENT) has “Neutral” rating given on Friday, August 19 by DA Davidson. The rating was downgraded by DA Davidson on Friday, November 20 to “Neutral”. Canaccord Genuity maintained the shares of MENT in a report on Friday, August 21 with “Buy” rating. The rating was downgraded by Needham to “Hold” on Monday, November 23.
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 fall, 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.
Silvercrest Asset Management Group Incorporated Ltd Llc holds 0.56% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 2.07 million shares. The Connecticut-based Tudor Corp Et Al has invested 0.01% in Mentor Graphics Corp (NASDAQ:MENT). Qs Invsts Lc reported 306,848 shares or 0.06% of all its holdings. Bessemer Gru last reported 240 shares in the company. Old Mutual (Uk) Limited has 0.06% invested in the company for 139,901 shares. Mcrae Cap Mgmt, a New Jersey-based fund reported 9,737 shares. Clinton Group has 0.02% invested in the company for 18,477 shares. Oregon Employees Retirement Fund accumulated 33,545 shares or 0.02% of the stock. Dimensional Fund Advsr Lp has 0.05% invested in the company for 3.81 million shares. Cantab Prns Llp last reported 3,983 shares in the company. Teachers Retirement Sys Of The State Of Kentucky, a Kentucky-based fund reported 15,300 shares. The New York-based New York State Common Retirement Fund has invested 0% in Mentor Graphics Corp (NASDAQ:MENT). Allianz Asset Management Ag holds 0.03% or 2.54 million shares in its portfolio. Wellington Mgmt Grp Limited Liability Partnership owns 133,689 shares or 0% of their US portfolio. Ls Inv Advsr Limited Liability Corp reported 5,938 shares or 0.01% of all its holdings.
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 1 insider sale for $692,303 net activity. 32,396 Mentor Graphics Corp (NASDAQ:MENT) shares with value of $692,303 were sold by HINCKLEY GREGORY K.
More important recent Mentor Graphics Corp (NASDAQ:MENT) news were published by: Reuters.com which released: “Mentor Graphics working with Bank of America to explore sale-sources” on October 16, 2016, also Prnewswire.com published article titled: “Mentor Graphics Integrates its Questa Verification Solution with Jenkins …”, Prnewswire.com published: “Mentor Graphics Announces Availability of Qualified Calibre PERC Rule Decks …” on October 19, 2016. More interesting news about Mentor Graphics Corp (NASDAQ:MENT) was released by: Prnewswire.com and their article: “Mentor Graphics Partnership with RTI Enables Secure Embedded Solution for …” with publication date: October 13, 2016.
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.
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