ValuEngine Lowers Park Electrochemical (PKE) to Hold

ValuEngine cut shares of Park Electrochemical (NYSE:PKE) from a buy rating to a hold rating in a research report report published on Friday morning.

Shares of NYSE:PKE opened at $17.58 on Friday. Park Electrochemical has a 52 week low of $16.45 and a 52 week high of $24.16. The company has a market capitalization of $356.50 million, a price-to-earnings ratio of 41.86 and a beta of 1.05.

Park Electrochemical (NYSE:PKE) last issued its earnings results on Thursday, January 3rd. The semiconductor company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Park Electrochemical had a net margin of 33.17% and a return on equity of 6.15%. The firm had revenue of $12.85 million during the quarter.



The company also recently announced a special dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 5th will be paid a $4.25 dividend. This represents a yield of 1.92%. The ex-dividend date is Monday, February 4th. This is an increase from Park Electrochemical’s previous special dividend of $3.00.

A number of large investors have recently modified their holdings of PKE. BlackRock Inc. increased its stake in Park Electrochemical by 5.4% in the second quarter. BlackRock Inc. now owns 2,664,796 shares of the semiconductor company’s stock valued at $61,798,000 after purchasing an additional 137,492 shares in the last quarter. Millennium Management LLC increased its stake in Park Electrochemical by 205.0% in the second quarter. Millennium Management LLC now owns 52,900 shares of the semiconductor company’s stock valued at $1,227,000 after purchasing an additional 35,558 shares in the last quarter. Northern Trust Corp increased its stake in Park Electrochemical by 3.6% in the second quarter. Northern Trust Corp now owns 257,212 shares of the semiconductor company’s stock valued at $5,965,000 after purchasing an additional 8,980 shares in the last quarter. Acadian Asset Management LLC increased its stake in Park Electrochemical by 9.4% in the third quarter. Acadian Asset Management LLC now owns 73,510 shares of the semiconductor company’s stock valued at $1,433,000 after purchasing an additional 6,302 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Park Electrochemical in the third quarter valued at approximately $1,462,000. 82.87% of the stock is owned by hedge funds and other institutional investors.

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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