Park Electrochemical (PKE) Issues Earnings Results

Park Electrochemical (NYSE:PKE) posted its earnings results on Thursday. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03, MarketWatch Earnings reports. Park Electrochemical had a net margin of 25.50% and a return on equity of 5.10%.

Shares of Park Electrochemical stock opened at $20.44 on Friday. Park Electrochemical has a 1-year low of $16.45 and a 1-year high of $24.16. The firm has a market capitalization of $366.41 million, a PE ratio of 47.55 and a beta of 0.75.

The company also recently disclosed a special dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 5th will be paid a $4.25 dividend. This is a boost from Park Electrochemical’s previous special dividend of $3.00.



Several institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Park Electrochemical during the 2nd quarter valued at $210,000. Schwab Charles Investment Management Inc. increased its holdings in Park Electrochemical by 7.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 96,357 shares of the semiconductor company’s stock valued at $2,235,000 after buying an additional 6,920 shares during the period. BlackRock Inc. increased its holdings in Park Electrochemical by 5.4% in the 2nd quarter. BlackRock Inc. now owns 2,664,796 shares of the semiconductor company’s stock valued at $61,798,000 after buying an additional 137,492 shares during the period. Chicago Equity Partners LLC bought a new stake in Park Electrochemical in the 2nd quarter valued at $453,000. Finally, Citadel Advisors LLC increased its holdings in Park Electrochemical by 974.0% in the 2nd quarter. Citadel Advisors LLC now owns 110,488 shares of the semiconductor company’s stock valued at $2,562,000 after buying an additional 100,200 shares during the period. Institutional investors and hedge funds own 83.19% of the company’s stock.

Separately, ValuEngine cut shares of Park Electrochemical from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th.

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About Park Electrochemical

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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Earnings History for Park Electrochemical (NYSE:PKE)

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