The stock of Mentor Graphics Corp (NASDAQ:MENT) reached all time high today, Nov, 14 and still has $56.63 target or 56.00% above today’s $36.30 share price. This indicates more upside for the $4.00B company. This technical setup was reported by Barchart.com. If the $56.63 PT is reached, the company will be worth $2.24 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 31.08M shares traded hands or 1380.00% up from the average. Mentor Graphics Corp (NASDAQ:MENT) has risen 54.33% since April 12, 2016 and is uptrending. It has outperformed by 49.34% 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. Mentor Graphics has been the topic of 12 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by DA Davidson on Friday, August 19 to “Neutral”. Needham downgraded the stock to “Hold” rating in Monday, November 23 report. 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. JP Morgan downgraded Mentor Graphics Corp (NASDAQ:MENT) on Friday, November 20 to “Underweight” rating. The firm has “Sector Perform” rating by Pacific Crest given on Friday, November 20. The firm earned “Outperform” rating on Wednesday, October 19 by Credit Suisse. Bank of America downgraded it to “Neutral” rating and $28 target price in Friday, November 20 report. The firm has “Buy” rating by DA Davidson given on Monday, October 10. Canaccord Genuity maintained Mentor Graphics Corp (NASDAQ:MENT) on Friday, August 21 with “Buy” rating.
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 2016 Q2. 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.
Princeton Capital last reported 0.45% of its portfolio in the stock. Tfs Cap Ltd Liability holds 15,941 shares or 0.06% of its portfolio. Phocas Financial Corporation holds 0.39% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 249,383 shares. Numeric Investors Limited Liability holds 0.15% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 769,800 shares. Cetera Advsr Ltd holds 0.03% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 16,527 shares. The Ohio-based Victory Mgmt has invested 0.3% in Mentor Graphics Corp (NASDAQ:MENT). Secor Advsrs Lp owns 14,766 shares or 0.04% of their US portfolio. Rockefeller Inc has invested 0.29% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT). Fmr Llc accumulated 0% or 1.24 million shares. Clearbridge Ltd last reported 0.03% of its portfolio in the stock. Retirement Sys Of Alabama has 129,723 shares for 0.02% of their US portfolio. Sg Americas Securities Limited Liability Corporation reported 96,901 shares or 0.01% of all its holdings. Blackrock Lc, a Delaware-based fund reported 587,358 shares. Cantab Capital Prtnrs Ltd Liability Partnership accumulated 0% or 3,983 shares. Lpl Fincl Ltd Liability Corp last reported 10,398 shares in the company.
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 1 insider sale for $692,303 net activity. HINCKLEY GREGORY K had sold 32,396 shares worth $692,303 on Friday, May 27.
More notable recent Mentor Graphics Corp (NASDAQ:MENT) news were published by: Wsj.com which released: “Siemens to Buy Mentor Graphics Amid Push to Digitize Heavy Industry” on November 14, 2016, also Reuters.com with their article: “Exclusive: Siemens nears deal to buy Mentor Graphics – sources” published on November 13, 2016, Nasdaq.com published: “Mid-Morning Market Update: Markets Mostly Higher; Siemens To Acquire Mentor …” on November 14, 2016. More interesting news about Mentor Graphics Corp (NASDAQ:MENT) were released by: Rttnews.com and their article: “Mentor Graphics Corp. (MENT) Has Jumped To A New High After Bought By Siemens” published on November 14, 2016 as well as Rttnews.com‘s news article titled: “Reports: Siemens to acquire Mentor Graphics” with publication date: November 14, 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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