Kerrisdale Advisers buys $23,496,705 stake in Mentor Graphics Corp (MENT)

Mentor Graphics Corp (MENT) : Kerrisdale Advisers scooped up 255,757 additional shares in Mentor Graphics Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,092,870 shares of Mentor Graphics Corp which is valued at $23,496,705.Mentor Graphics Corp makes up approximately 5.90% of Kerrisdale Advisers’s portfolio.

Other Hedge Funds, Including , Paradigm Asset Management Co boosted its stake in MENT in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 32,000 shares of Mentor Graphics Corp which is valued at $688,000. Mentor Graphics Corp makes up approx 0.12% of Paradigm Asset Management Co’s portfolio.Rhumbline Advisers reduced its stake in MENT by selling 22,605 shares or 9.3% in the most recent quarter. The Hedge Fund company now holds 220,564 shares of MENT which is valued at $4,742,126. Mentor Graphics Corp makes up approx 0.01% of Rhumbline Advisers’s portfolio.Bahl Gaynor Inc boosted its stake in MENT in the latest quarter, The investment management firm added 2,840 additional shares and now holds a total of 40,079 shares of Mentor Graphics Corp which is valued at $861,699. Mentor Graphics Corp makes up approx 0.01% of Bahl Gaynor Inc’s portfolio. Airain Ltd sold out all of its stake in MENT during the most recent quarter. The investment firm sold 49,705 shares of MENT which is valued $1,073,131. Princeton Alpha Management Lp sold out all of its stake in MENT during the most recent quarter. The investment firm sold 17,296 shares of MENT which is valued $373,421.

Mentor Graphics Corp opened for trading at $24.06 and hit $24.18 on the upside on Monday, eventually ending the session at $24.07, with a gain of 0.21% or 0.05 points. The heightened volatility saw the trading volume jump to 10,91,963 shares. Company has a market cap of $2,575 M.

On the company’s financial health, Mentor Graphics Corp reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.09. The company had revenue of $254.34 million for the quarter, compared to analysts expectations of $245.17 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.

Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools – 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’s products are used in the design and development of a diverse set of electronic products including automotive electronics computers and workstations digital cameras cellular telephones medical devices smart phones industrial electronics and manufacturing systems. The Company segregated revenues into five categories of similar products and services: Scalable Verification IC Design to Silicon Integrated System Design New and Emerging Products and Services and Other.

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