Parametric Portfolio Associates LLC boosted its stake in Park Electrochemical Corporation (NYSE:PKE) by 13.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,405 shares of the semiconductor company’s stock after purchasing an additional 5,438 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.23% of Park Electrochemical Corporation worth $873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings 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 purchasing an additional 2,545 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings 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 purchasing an additional 420 shares during the last quarter. Texas Permanent School Fund increased its holdings 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 purchasing an additional 116 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Park Electrochemical Corporation by 32.6% in the second quarter. JPMorgan Chase & Co. now owns 22,422 shares of the semiconductor company’s stock valued at $413,000 after purchasing an additional 5,508 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Park Electrochemical Corporation by 1.9% in the second quarter. Alliancebernstein L.P. now owns 26,156 shares of the semiconductor company’s stock valued at $482,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 79.23% of the company’s stock.

A number of equities research analysts recently commented on PKE shares. Zacks Investment Research downgraded Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a report on Saturday, October 7th. Needham & Company LLC restated a “buy” rating and issued a $22.00 price target on shares of Park Electrochemical Corporation in a report on Friday, September 1st. Finally, BidaskClub downgraded Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th.

Shares of Park Electrochemical Corporation (NYSE PKE) opened at $18.94 on Monday. Park Electrochemical Corporation has a fifty-two week low of $16.00 and a fifty-two week high of $20.24. The stock has a market capitalization of $383.30, a PE ratio of 40.30 and a beta of 0.89. The company has a quick ratio of 14.56, a current ratio of 15.23 and a debt-to-equity ratio of 0.37.

Park Electrochemical Corporation (NYSE:PKE) last announced 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 business had revenue of $29.84 million during the quarter, compared to the consensus estimate of $28.00 million. During the same quarter last year, the company earned $0.10 earnings per share. sell-side analysts predict that Park Electrochemical Corporation will post 0.54 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, October 2nd. This represents a $0.40 annualized dividend and a dividend yield of 2.11%. Park Electrochemical Corporation’s dividend payout ratio (DPR) is currently 129.03%.

ILLEGAL ACTIVITY NOTICE: “Park Electrochemical Corporation (PKE) Position Raised by Parametric Portfolio Associates LLC” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/park-electrochemical-corporation-pke-position-raised-by-parametric-portfolio-associates-llc/1715157.html.

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.

Want to see what other hedge funds are holding PKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Park Electrochemical Corporation (NYSE:PKE).

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

Receive News & Ratings for Park Electrochemical Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Electrochemical Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.