Wells Fargo & Company MN lifted its position in Park Electrochemical Corporation (NYSE:PKE) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,095 shares of the semiconductor company’s stock after purchasing an additional 7,914 shares during the quarter. Wells Fargo & Company MN owned approximately 1.28% of Park Electrochemical worth $4,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in Park Electrochemical by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,073,000 shares of the semiconductor company’s stock valued at $19,765,000 after acquiring an additional 25,500 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Park Electrochemical during the 3rd quarter valued at approximately $254,000. Parametric Portfolio Associates LLC raised its stake in Park Electrochemical by 13.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 47,405 shares of the semiconductor company’s stock valued at $873,000 after acquiring an additional 5,438 shares during the last quarter. Vanguard Group Inc. raised its stake in Park Electrochemical by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,840,125 shares of the semiconductor company’s stock valued at $33,895,000 after acquiring an additional 73,054 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Park Electrochemical by 13.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 70,410 shares of the semiconductor company’s stock valued at $1,297,000 after acquiring an additional 8,350 shares during the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Park Electrochemical from a “hold” rating to a “sell” rating in a research note on Saturday, October 7th.

Park Electrochemical Corporation (NYSE PKE) opened at $20.30 on Friday. The stock has a market capitalization of $397.87, a P/E ratio of 65.48 and a beta of 0.89. Park Electrochemical Corporation has a one year low of $16.00 and a one year high of $20.98. The company has a debt-to-equity ratio of 0.37, a quick ratio of 14.56 and a current ratio of 15.23.

Park Electrochemical (NYSE:PKE) last issued its earnings results on Thursday, January 4th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Park Electrochemical had a return on equity of 5.12% and a net margin of 5.63%. During the same period in the previous year, the company earned $0.10 EPS. research analysts anticipate that Park Electrochemical Corporation will post 0.54 earnings per share for the current year.

The firm also recently announced a special dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Tuesday, January 23rd will be paid a dividend of $3.00 per share. This is an increase from Park Electrochemical’s previous special dividend of $1.50. Park Electrochemical’s dividend payout ratio is 129.03%.

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Park Electrochemical 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 (NYSE:PKE)

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