Royce & Associates LP increased its stake in Park Electrochemical Corporation (NYSE:PKE) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,921,834 shares of the semiconductor company’s stock after buying an additional 42,700 shares during the period. Royce & Associates LP owned about 14.44% of Park Electrochemical Corporation worth $53,820,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in PKE. Texas Permanent School Fund boosted its stake in shares of Park Electrochemical Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 13,887 shares of the semiconductor company’s stock valued at $256,000 after buying an additional 116 shares during the period. US Bancorp DE boosted its stake in shares of Park Electrochemical Corporation by 1.0% in the first quarter. US Bancorp DE now owns 20,650 shares of the semiconductor company’s stock valued at $370,000 after buying an additional 207 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of 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 valued at $191,000 after buying an additional 420 shares during the period. California Public Employees Retirement System boosted its stake in shares of 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 valued at $1,590,000 after buying an additional 700 shares during the period. Finally, Comerica Bank boosted its stake in shares of Park Electrochemical Corporation by 3.8% in the first quarter. Comerica Bank now owns 21,022 shares of the semiconductor company’s stock valued at $366,000 after buying an additional 765 shares during the period. 81.30% of the stock is owned by institutional investors and hedge funds.

Shares of Park Electrochemical Corporation (NYSE:PKE) opened at 18.03 on Friday. The firm has a market cap of $364.82 million, a PE ratio of 47.45 and a beta of 0.83. Park Electrochemical Corporation has a 52 week low of $13.76 and a 52 week high of $20.24. The firm has a 50-day moving average of $18.15 and a 200 day moving average of $18.00.

Park Electrochemical Corporation (NYSE:PKE) last announced its quarterly earnings data on Wednesday, June 28th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $27.42 million for the quarter, compared to the consensus estimate of $29 million. Park Electrochemical Corporation had a net margin of 6.99% and a return on equity of 4.92%. During the same quarter last year, the firm posted $0.15 earnings per share. Equities research analysts predict that Park Electrochemical Corporation will post $0.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Wednesday, July 5th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.22%. Park Electrochemical Corporation’s dividend payout ratio (DPR) is presently 105.27%.

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Several analysts have weighed in on PKE shares. BidaskClub cut shares of Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th.

About Park Electrochemical Corporation

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 Corporation (NYSE:PKE)

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