Wells Fargo & Company MN raised its position in shares of Park Electrochemical Corporation (NYSE:PKE) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,181 shares of the semiconductor company’s stock after purchasing an additional 7,790 shares during the quarter. Wells Fargo & Company MN owned 1.24% of Park Electrochemical Corporation worth $4,608,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Texas Permanent School Fund raised its stake in Park Electrochemical Corporation by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 13,887 shares of the semiconductor company’s stock valued at $256,000 after purchasing an additional 116 shares during the period. Thrivent Financial For Lutherans raised its stake in Park Electrochemical Corporation by 4.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 10,700 shares of the semiconductor company’s stock valued at $191,000 after purchasing an additional 420 shares during the period. California Public Employees Retirement System raised its stake in Park Electrochemical Corporation by 0.8% during the 1st quarter. California Public Employees Retirement System now owns 89,000 shares of the semiconductor company’s stock valued at $1,590,000 after purchasing an additional 700 shares during the period. Comerica Bank raised its stake in Park Electrochemical Corporation by 3.8% during the 1st quarter. Comerica Bank now owns 21,022 shares of the semiconductor company’s stock valued at $366,000 after purchasing an additional 765 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in Park Electrochemical Corporation by 2.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 41,967 shares of the semiconductor company’s stock valued at $750,000 after purchasing an additional 861 shares during the period. 81.68% of the stock is currently owned by institutional investors.

PKE has been the topic of several recent analyst reports. BidaskClub downgraded shares of Park Electrochemical Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of Park Electrochemical Corporation in a research note on Friday, September 1st.

Shares of Park Electrochemical Corporation (NYSE PKE) opened at 18.87 on Friday. Park Electrochemical Corporation has a 52 week low of $13.76 and a 52 week high of $20.24. The firm has a market capitalization of $381.87 million, a P/E ratio of 60.87 and a beta of 0.87. The firm’s 50-day moving average is $18.39 and its 200 day moving average is $17.86.

Park Electrochemical Corporation (NYSE:PKE) last issued its quarterly earnings data on Tuesday, October 3rd. The semiconductor company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Park Electrochemical Corporation had a return on equity of 5.12% and a net margin of 5.63%. The company had revenue of $29.84 million for the quarter, compared to analyst estimates of $28.00 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. Equities research analysts forecast that Park Electrochemical Corporation will post $0.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.12%. Park Electrochemical Corporation’s payout ratio is 129.03%.

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About Park Electrochemical Corporation

Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.

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Institutional Ownership by Quarter for Park Electrochemical Corporation (NYSE:PKE)

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