Dynamic Technology Lab Private Ltd purchased a new position in Park Electrochemical Corp. (NYSE:PKE) in the second quarter, HoldingsChannel reports. The fund purchased 19,380 shares of the semiconductor company’s stock, valued at approximately $450,000.

A number of other hedge funds also recently added to or reduced their stakes in PKE. Victory Capital Management Inc. bought a new position in Park Electrochemical in the first quarter worth about $802,000. Schwab Charles Investment Management Inc. raised its stake in Park Electrochemical by 11.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 89,437 shares of the semiconductor company’s stock worth $1,507,000 after buying an additional 9,258 shares in the last quarter. Engineers Gate Manager LP bought a new position in Park Electrochemical in the first quarter worth about $419,000. KBC Group NV bought a new position in Park Electrochemical in the first quarter worth about $433,000. Finally, BlackRock Inc. raised its stake in Park Electrochemical by 0.5% in the first quarter. BlackRock Inc. now owns 2,527,304 shares of the semiconductor company’s stock worth $42,560,000 after buying an additional 12,897 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Separately, ValuEngine raised shares of Park Electrochemical from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd.

Shares of PKE opened at $20.18 on Tuesday. The stock has a market capitalization of $416.63 million, a price-to-earnings ratio of 45.73 and a beta of 0.89. Park Electrochemical Corp. has a fifty-two week low of $16.45 and a fifty-two week high of $24.16.

Park Electrochemical (NYSE:PKE) last announced its quarterly earnings data on Friday, June 22nd. The semiconductor company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. The business had revenue of $31.10 million for the quarter. Park Electrochemical had a net margin of 19.47% and a return on equity of 5.58%. During the same quarter last year, the company posted $0.12 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 6th. Shareholders of record on Tuesday, October 2nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Monday, October 1st.

Park Electrochemical Company Profile

Park Electrochemical Corp., through its subsidiaries, develops, manufactures, markets, and sells high-technology digital and radio frequency/microwave printed circuit material products primarily for the telecommunications and Internet infrastructure, enterprise, and military/aerospace markets. It also designs, develops, and manufactures advanced composite materials, primary and secondary structures and assemblies, and low-volume tooling products for the aerospace markets.

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

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