Analysts at Canaccord Genuity raised their price target on shares of Mentor Graphics Corp. (NASDAQ:MENT) from $25.00 to $27.00 in a research report issued to clients and investors on Friday. Canaccord Genuity’s price objective indicates a potential upside of 25.23% from the company’s current price. The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. Mentor Graphics Corp (NASDAQ:MENT) stock performance was 1.21% in last session and finished the day at $21.82. Traded volume was 1,592,863, shares in the last session and the average volume of the stock remained 542.21 thousand shares. The beta of the stock remained 1.20. Mentor Graphics Corp (NASDAQ:MENT) insider ownership is 0.90%.
Youku Tudou Inc (ADR) (NYSE:YOKU) fell to a 10-month low in U.S. trading after the Chinese video-website operator gave a second-quarter sales forecast that was below analysts’ estimates amid increased competition. Youku declined as traders speculated that competition for online-video viewers in China will slow the company’s growth as it refrains from spending more on content to attract new customers. “They are in a dilemma,” Echo He, an analyst at Maxim Group LLC who has a sell rating on Youku, said in a phone interview. “If they spend money on content, they cannot make profit. If they don’t spend, there won’t be viewers and ads. They are in a tough spot.”Youku Tudou Inc (ADR) (NYSE:YOKU) dropped 0.44 percent to $20.31 yesterday on volume of 12,632,758 shares. The intra-day range of the stock was $17.77 to $20.41. Youku Tudou Inc (ADR) (NYSE:YOKU) has a market capitalization of $3.81 billion.
Trade-Ideas LLC identified Marvell Technology Group Ltd. (NASDAQ:MRVL) as a “barbarian at the gate” (strong stocks crossing above resistance with May 23’s range greater than 200%) candidate. In addition to specific proprietary factors; Trade-Ideas identified Marvell Technology Group as such a stock due to the following factors: MRVL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $53.6 million. MRVL has traded 6.4 million shares May 23, 2014. Marvell Technology Group Ltd. (NASDAQ:MRVL)’s stock on May 23, 2014 reported an increase of 1.92% to the closing price of $15.89. Its fifty two weeks range is $10.57 -$16.65. The total market capitalization recorded $8.00 billion. The overall volume in the last trading session was 11,121,339 shares. In its share capital, Marvell Technology Group Ltd. (NASDAQ:MRVL) has 503.40 million outstanding shares.
DryShips Inc. (NASDAQ:DRYS) declared lackluster first-quarter 2014 financial results. Quarterly GAAP net loss came in at $34.6 million or 8 cents per share compared with a loss of $116.6 million or 30 cents per share in the year-ago quarter. However, loss per share of 4 cents compared unfavorably with the Zacks Consensus Estimate of a profit of 2 cents. Quarterly total revenue was $457.5 million, up 43.1% year over year. However, the figure lagged the Zacks Consensus Estimate of $489 million. On Friday, shares of DryShips Inc. (NASDAQ:DRYS) advanced 0.65% to close the day at $3.08. Company return on investment (ROI) is 1.40% and its monthly performance is recorded as -4.35%. DryShips Inc. (NASDAQ:DRYS) quarterly revenue growth is -14.44%.