Wells Fargo & Company MN Boosts Stake in Park Electrochemical Corp (PKE)

Wells Fargo & Company MN grew its position in Park Electrochemical Corp (NYSE:PKE) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 262,332 shares of the semiconductor company’s stock after purchasing an additional 4,237 shares during the quarter. Wells Fargo & Company MN’s holdings in Park Electrochemical were worth $5,155,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Park Electrochemical by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,128,894 shares of the semiconductor company’s stock valued at $20,885,000 after purchasing an additional 20,598 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Park Electrochemical by 1.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 860,000 shares of the semiconductor company’s stock valued at $16,899,000 after purchasing an additional 13,000 shares during the last quarter. Teton Advisors Inc. grew its position in shares of Park Electrochemical by 9.0% in the fourth quarter. Teton Advisors Inc. now owns 145,228 shares of the semiconductor company’s stock valued at $2,854,000 after purchasing an additional 12,000 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Park Electrochemical by 4.7% in the fourth quarter. California Public Employees Retirement System now owns 85,552 shares of the semiconductor company’s stock valued at $1,681,000 after purchasing an additional 3,803 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Park Electrochemical by 8.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 80,179 shares of the semiconductor company’s stock valued at $1,576,000 after purchasing an additional 6,270 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

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Several equities analysts have recently commented on PKE shares. Zacks Investment Research downgraded Park Electrochemical from a “hold” rating to a “strong sell” rating in a research report on Friday, January 12th. Needham & Company LLC upped their target price on Park Electrochemical to $24.00 and gave the company a “buy” rating in a research report on Friday, January 5th. They noted that the move was a valuation call.

Park Electrochemical stock opened at $16.84 on Friday. Park Electrochemical Corp has a 12 month low of $16.00 and a 12 month high of $23.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 18.39 and a current ratio of 19.23. The company has a market capitalization of $340.79, a PE ratio of 35.83 and a beta of 0.97.

Park Electrochemical (NYSE:PKE) last posted its earnings results on Thursday, January 4th. The semiconductor company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07). Park Electrochemical had a net margin of 4.60% and a return on equity of 4.69%. The firm had revenue of $26.14 million during the quarter, compared to analyst estimates of $28.50 million. During the same period in the previous year, the company posted $0.10 EPS.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Monday, April 2nd. Park Electrochemical’s dividend payout ratio is currently 85.11%.

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Park Electrochemical Profile

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 provides composite materials, primary and secondary structures and assemblies, and tooling products for the aerospace markets.

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

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