Tsp Capital Management Group Lowers stake in Mentor Graphics Corp (MENT)

Mentor Graphics Corp (MENT) : Tsp Capital Management Group reduced its stake in Mentor Graphics Corp by 0.26% during the most recent quarter end. The investment management company now holds a total of 374,150 shares of Mentor Graphics Corp which is valued at $7.4 Million after selling 957 shares in Mentor Graphics Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.Mentor Graphics Corp makes up approximately 3.92% of Tsp Capital Management Group’s portfolio.

Other Hedge Funds, Including , Ameritas Investment Partners reduced its stake in MENT by selling 603 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 21,823 shares of MENT which is valued at $429,477. Mentor Graphics Corp makes up approx 0.03% of Ameritas Investment Partners’s portfolio.Icon Advisers Incco boosted its stake in MENT in the latest quarter, The investment management firm added 5,800 additional shares and now holds a total of 51,100 shares of Mentor Graphics Corp which is valued at $1 Million. Mentor Graphics Corp makes up approx 0.07% of Icon Advisers Incco’s portfolio.Bluecrest Capital Management Ltd reduced its stake in MENT by selling 8,758 shares or 42.42% in the most recent quarter. The Hedge Fund company now holds 11,888 shares of MENT which is valued at $237,522. Mentor Graphics Corp makes up approx 0.02% of Bluecrest Capital Management Ltd’s portfolio.Burney Co reduced its stake in MENT by selling 1,240 shares or 7.59% in the most recent quarter. The Hedge Fund company now holds 15,098 shares of MENT which is valued at $301,658. Mentor Graphics Corp makes up approx 0.02% of Burney Co’s portfolio.Russell Frank Co boosted its stake in MENT in the latest quarter, The investment management firm added 80,260 additional shares and now holds a total of 229,148 shares of Mentor Graphics Corp which is valued at $4.6 Million. Mentor Graphics Corp makes up approx 0.01% of Russell Frank Co’s portfolio.

Mentor Graphics Corp opened for trading at $20.46 and hit $20.98 on the upside on Friday, eventually ending the session at $20.8, with a gain of 7.44% or 1.44 points. The heightened volatility saw the trading volume jump to 39,39,938 shares. Company has a market cap of $2,224,248 M.

On the company’s financial health, Mentor Graphics Corp reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.00. The company had revenue of $227.60 million for the quarter, compared to analysts expectations of $219.80 million. The company’s revenue was down -16.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Mentor Graphics Corp. Company shares were Upgraded by DA Davidson on Feb 22, 2016 to ” Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $20 .

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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