Dimensional Fund Advisors LP Increases Position in Park Electrochemical Corporation (PKE)

Dimensional Fund Advisors LP increased its stake in Park Electrochemical Corporation (NYSE:PKE) by 1.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,128,894 shares of the semiconductor company’s stock after buying an additional 20,598 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Park Electrochemical worth $20,885,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PKE. Schwab Charles Investment Management Inc. grew its position in Park Electrochemical by 13.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 70,410 shares of the semiconductor company’s stock worth $1,297,000 after acquiring an additional 8,350 shares in the last quarter. Legal & General Group Plc grew its position in Park Electrochemical by 12.7% in the second quarter. Legal & General Group Plc now owns 34,578 shares of the semiconductor company’s stock worth $637,000 after acquiring an additional 3,902 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Park Electrochemical by 57.3% during the second quarter. BNP Paribas Arbitrage SA now owns 6,986 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 2,545 shares during the period. JPMorgan Chase & Co. boosted its position in Park Electrochemical by 32.6% during the second quarter. JPMorgan Chase & Co. now owns 22,422 shares of the semiconductor company’s stock valued at $413,000 after buying an additional 5,508 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Park Electrochemical by 3.2% during the second quarter. Wells Fargo & Company MN now owns 250,181 shares of the semiconductor company’s stock valued at $4,608,000 after buying an additional 7,790 shares during the period. Institutional investors own 81.82% of the company’s stock.

Shares of Park Electrochemical Corporation (PKE) opened at $18.84 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 18.39 and a current ratio of 19.23. Park Electrochemical Corporation has a 1 year low of $16.00 and a 1 year high of $23.58. The stock has a market cap of $381.27, a PE ratio of 75.36 and a beta of 0.89.

Park Electrochemical (NYSE:PKE) last posted its quarterly earnings results on Thursday, January 4th. The semiconductor company reported $0.06 earnings per share (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 business had revenue of $26.14 million for the quarter, compared to analysts’ expectations of $28.50 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. equities research analysts anticipate that Park Electrochemical Corporation will post 0.37 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 23rd will be given a dividend of $3.00 per share. This is a positive change from Park Electrochemical’s previous special dividend of $1.50. The ex-dividend date of this dividend is Monday, January 22nd. Park Electrochemical’s dividend payout ratio is presently 160.00%.

Several research firms have issued reports on PKE. Zacks Investment Research upgraded shares of Park Electrochemical from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Needham & Company LLC upped their price target on shares of 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.

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Park Electrochemical 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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