Mentor Graphics Corp Can’t Be More Safe. Option Traders Like It

 Mentor Graphics Corp Can't Be More Safe. Option Traders Like It

In today’s session Mentor Graphics Corp (MENT) registered an unusually high (11,964) 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 11,964 contracts traded and 114144 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: MENT170120C00030000 closed last at: $6.5 or 103.1% up. About 535,062 shares traded hands. Mentor Graphics Corp (NASDAQ:MENT) has risen 80.95% since April 14, 2016 and is uptrending. It has outperformed by 76.27% the S&P500.

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 -24.82% below today’s ($36.58) stock price. Mentor Graphics has been the topic of 13 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock of Mentor Graphics Corp (NASDAQ:MENT) has “Neutral” rating given on Friday, August 19 by DA Davidson. The firm has “Buy” rating given on Friday, August 21 by Canaccord Genuity. The stock of Mentor Graphics Corp (NASDAQ:MENT) has “Buy” rating given on Monday, August 24 by Canaccord Genuity. The stock of Mentor Graphics Corp (NASDAQ:MENT) has “Underweight” rating given on Friday, November 20 by JP Morgan. The rating was upgraded by DA Davidson to “Buy” on Monday, October 10. Pacific Crest downgraded the stock to “Sector Perform” rating in Friday, November 20 report. On Wednesday, October 19 the stock rating was initiated by Credit Suisse with “Outperform”. On Monday, November 23 the stock rating was downgraded by Needham to “Hold”. The rating was upgraded by DA Davidson on Monday, February 22 to “Buy”. The firm has “Neutral” rating by Bank of America given on Friday, November 20.

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 dropped, 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.
Gemmer Asset Mngmt Limited Liability Corp holds 0% or 224 shares in its portfolio. Gamco Invsts Inc Et Al holds 120,000 shares or 0.02% of its portfolio. Citigroup holds 0% or 26,989 shares in its portfolio. Tiaa Cref Investment Management Ltd Liability Co holds 753,933 shares or 0.01% of its portfolio. Proshare Advsr Lc holds 24,840 shares or 0.01% of its portfolio. Thrivent Financial For Lutherans last reported 63,200 shares in the company. Retail Bank Of Ny Mellon accumulated 2.73 million shares or 0.02% of the stock. Silver Cap Mgmt Limited Liability Com has 32,460 shares for 3.29% of their US portfolio. Carlson Capital Ltd Partnership holds 2.32 million shares or 0.61% of its portfolio. Citadel Advsr Ltd Liability Co, a Illinois-based fund reported 22,175 shares. Victory Capital Mngmt Inc holds 3.51 million shares or 0.3% of its portfolio. Zebra Cap Mngmt holds 86,918 shares or 0.64% of its portfolio. Moreover, Eaton Vance Management has 0.1% invested in Mentor Graphics Corp (NASDAQ:MENT) for 1.60M shares. Ubs Asset Mgmt Americas holds 0% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT) for 68,238 shares. Advisory Network Limited Company has invested 0% of its portfolio in Mentor Graphics Corp (NASDAQ:MENT).

Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 1 insider sale for $692,303 net activity. 32,396 shares with value of $692,303 were sold by HINCKLEY GREGORY K 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 $4.02 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 67.5 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: Wsj.com which released: “Siemens to Buy Mentor Graphics Amid Push to Digitize Heavy Industry” on November 14, 2016, also Oregonlive.com with their article: “Mentor Graphics’ sale ends an era in the Silicon Forest” published on November 15, 2016, Prnewswire.com published: “Harwood Feffer LLP Announces Investigation of Mentor Graphics Corporation” on November 15, 2016. More interesting news about Mentor Graphics Corp (NASDAQ:MENT) were released by: Prnewswire.com and their article: “Mentor Graphics Integrates its Questa Verification Solution with Jenkins …” published on October 20, 2016 as well as Schaeffersresearch.com‘s news article titled: “Harman International Industries Inc, Mentor Graphics Corp Muscle to Highs Amid …” with publication date: November 14, 2016.

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