Nationwide Fund Advisors Maintains Holdings in Park Electrochemical Corporation (PKE)

Nationwide Fund Advisors held its stake in Park Electrochemical Corporation (NYSE:PKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,805 shares of the semiconductor company’s stock at the end of the second quarter. Nationwide Fund Advisors owned approximately 0.07% of Park Electrochemical Corporation worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of PKE. Parametric Portfolio Associates LLC raised its stake in Park Electrochemical Corporation by 2.1% in the first quarter. Parametric Portfolio Associates LLC now owns 41,967 shares of the semiconductor company’s stock worth $750,000 after buying an additional 861 shares in the last quarter. Principal Financial Group Inc. raised its stake in Park Electrochemical Corporation by 3.6% in the first quarter. Principal Financial Group Inc. now owns 144,573 shares of the semiconductor company’s stock worth $2,582,000 after buying an additional 5,083 shares in the last quarter. California Public Employees Retirement System raised its stake in Park Electrochemical Corporation by 0.8% in the first quarter. California Public Employees Retirement System now owns 89,000 shares of the semiconductor company’s stock worth $1,590,000 after buying an additional 700 shares in the last quarter. Thrivent Financial For Lutherans raised its stake 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 worth $191,000 after buying an additional 420 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Park Electrochemical Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 1,767,071 shares of the semiconductor company’s stock worth $31,560,000 after buying an additional 109,964 shares in the last quarter. 80.66% of the stock is owned by institutional investors.

Park Electrochemical Corporation (NYSE PKE) opened at $18.74 on Friday. The stock has a market capitalization of $379.24, a price-to-earnings ratio of 39.87 and a beta of 0.89. The company has a current ratio of 15.23, a quick ratio of 14.56 and a debt-to-equity ratio of 0.37. Park Electrochemical Corporation has a 12-month low of $16.00 and a 12-month high of $20.24.

Park Electrochemical Corporation (NYSE:PKE) last issued its quarterly earnings results on Tuesday, October 3rd. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $29.84 million for the quarter, compared to analyst estimates of $28.00 million. Park Electrochemical Corporation 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 posted $0.10 earnings per share. equities research analysts anticipate that Park Electrochemical Corporation will post 0.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 3rd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, October 2nd. Park Electrochemical Corporation’s payout ratio is presently 129.03%.

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A number of equities analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Park Electrochemical Corporation in a research note on Friday, September 1st. Zacks Investment Research raised Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, BidaskClub downgraded Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

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.

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

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