New Amsterdam Partnersny buys $4,764,457 stake in Mentor Graphics Corp (MENT)

Mentor Graphics Corp (MENT) : New Amsterdam Partnersny scooped up 88,760 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 1, 2016. The investment management firm now holds a total of 226,340 shares of Mentor Graphics Corp which is valued at $4,764,457.Mentor Graphics Corp makes up approximately 1.11% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , Chicago Equity Partners boosted its stake in MENT in the latest quarter, The investment management firm added 57,610 additional shares and now holds a total of 79,535 shares of Mentor Graphics Corp which is valued at $1,698,868. Mentor Graphics Corp makes up approx 0.05% of Chicago Equity Partners’s portfolio.Rockefeller Financial Services Inc reduced its stake in MENT by selling 7,045 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 680,340 shares of MENT which is valued at $14,776,985. Mentor Graphics Corp makes up approx 0.28% of Rockefeller Financial Services Inc’s portfolio.

Mentor Graphics Corp opened for trading at $21.01 and hit $21.25 on the upside on Thursday, eventually ending the session at $21.23, with a gain of 0.86% or 0.18 points. The heightened volatility saw the trading volume jump to 3,44,948 shares. Company has a market cap of $2,271 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.

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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