Principal Financial Group Inc. raised its holdings in Park Electrochemical Corporation (NYSE:PKE) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,675 shares of the semiconductor company’s stock after acquiring an additional 102 shares during the period. Principal Financial Group Inc. owned about 0.71% of Park Electrochemical Corporation worth $2,665,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its position in Park Electrochemical Corporation by 57.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,986 shares of the semiconductor company’s stock valued at $129,000 after acquiring an additional 2,545 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Park Electrochemical Corporation by 4.1% in the first quarter. Thrivent Financial For Lutherans now owns 10,700 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 420 shares during the last quarter. Texas Permanent School Fund grew its position in Park Electrochemical Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 13,887 shares of the semiconductor company’s stock valued at $256,000 after acquiring an additional 116 shares during the last quarter. State of Tennessee Treasury Department grew its position in Park Electrochemical Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 19,178 shares of the semiconductor company’s stock valued at $343,000 after acquiring an additional 2,894 shares during the last quarter. Finally, US Bancorp DE grew its position in Park Electrochemical Corporation by 1.0% in the first quarter. US Bancorp DE now owns 20,650 shares of the semiconductor company’s stock valued at $370,000 after acquiring an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 81.68% of the company’s stock.

Shares of Park Electrochemical Corporation (NYSE:PKE) opened at 18.59 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 $376.19 million, a price-to-earnings ratio of 59.97 and a beta of 0.87. The stock’s 50 day moving average price is $18.28 and its 200-day moving average price is $17.85.

Park Electrochemical Corporation (NYSE:PKE) last posted its quarterly earnings results on Tuesday, October 3rd. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $28.00 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. Equities analysts predict that Park Electrochemical Corporation will post $0.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, October 2nd. This represents a $0.40 annualized dividend and a yield of 2.15%. Park Electrochemical Corporation’s payout ratio is 129.03%.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research report on Saturday. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Park Electrochemical Corporation in a research report on Friday, September 1st. Finally, BidaskClub cut Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

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Park Electrochemical Corporation Company Profile

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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