Park Electrochemical Corporation (PKE) Holdings Reduced by Royce & Associates LP

Royce & Associates LP reduced its holdings in shares of Park Electrochemical Corporation (NYSE:PKE) by 11.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,591,417 shares of the semiconductor company’s stock after selling 330,417 shares during the period. Royce & Associates LP owned about 12.80% of Park Electrochemical worth $47,941,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Park Electrochemical by 4.1% during the second quarter. Vanguard Group Inc. now owns 1,840,125 shares of the semiconductor company’s stock worth $33,895,000 after acquiring an additional 73,054 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Park Electrochemical by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,128,894 shares of the semiconductor company’s stock worth $20,885,000 after acquiring an additional 20,598 shares during the last quarter. Renaissance Technologies LLC lifted its position in Park Electrochemical by 2.4% during the second quarter. Renaissance Technologies LLC now owns 1,073,000 shares of the semiconductor company’s stock valued at $19,765,000 after purchasing an additional 25,500 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Park Electrochemical by 5.0% during the second quarter. Gamco Investors INC. ET AL now owns 849,200 shares of the semiconductor company’s stock valued at $15,642,000 after purchasing an additional 40,095 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Park Electrochemical by 3.2% during the third quarter. Wells Fargo & Company MN now owns 258,095 shares of the semiconductor company’s stock valued at $4,774,000 after purchasing an additional 7,914 shares during the last quarter. 81.82% of the stock is owned by institutional investors and hedge funds.

Park Electrochemical Corporation (NYSE:PKE) traded down $0.07 during mid-day trading on Friday, reaching $19.65. 67,826 shares of the company were exchanged, compared to its average volume of 74,598. Park Electrochemical Corporation has a one year low of $16.00 and a one year high of $20.24. The company has a quick ratio of 14.56, a current ratio of 15.23 and a debt-to-equity ratio of 0.37. The firm has a market cap of $397.67, a PE ratio of 63.39 and a beta of 0.88.

Park Electrochemical (NYSE:PKE) last posted its earnings results on Tuesday, October 3rd. The semiconductor company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $29.84 million for the quarter, compared to analysts’ expectations of $28.00 million. Park Electrochemical had a net margin of 5.63% and a return on equity of 5.12%. During the same period last year, the firm earned $0.10 earnings per share. sell-side analysts anticipate that Park Electrochemical Corporation will post 0.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 6th. Investors of record on Tuesday, January 2nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, December 29th. Park Electrochemical’s payout ratio is presently 129.03%.

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price target on shares of Park Electrochemical in a research note on Friday, September 1st. Zacks Investment Research cut shares of Park Electrochemical from a “hold” rating to a “sell” rating in a report on Saturday, October 7th.

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About Park Electrochemical

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.

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

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