Latest Stocks: Zacks Investment Research Upgrades Park Electrochemical Corp. (PKE) to “Hold”

Latest Stocks: Zacks Investment Research Upgrades Park Electrochemical Corp. (PKE) to “Hold”

Park Electrochemical Corp. (NYSE:PKE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Park Electrochemical Corp., through its subsidiaries, is primarily engaged in the design, production and marketing of advanced electronic materials used to fabricate complex multilayer printed circuit boards, semiconductor packages and other electronic interconnection systems. The company’s electronic materials business is operated by its Nelco group of companies. The company is also engaged in the design, production and marketing of specialty adhesive tapes and films, advanced composite materials and microwave circuitry materials for the electronics, aerospace markets. “

Shares of Park Electrochemical Corp. (NYSE PKE) opened at 17.05 on Friday. Park Electrochemical Corp. has a 12-month low of $13.76 and a 12-month high of $20.24. The stock has a 50 day moving average price of $17.07 and a 200 day moving average price of $18.10. The firm has a market capitalization of $344.99 million, a PE ratio of 37.15 and a beta of 1.01. Park Electrochemical Corp. (NYSE:PKE) last issued its quarterly earnings data on Tuesday, May 2nd. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The business had revenue of $27.60 million for the quarter, compared to analyst estimates of $30 million. Park Electrochemical Corp. had a return on equity of 6.49% and a net margin of 9.27%. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Analysts predict that Park Electrochemical Corp. will post $0.69 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of PKE. Comerica Bank increased its position in shares of Park Electrochemical Corp. by 5.8% in the fourth quarter. Comerica Bank now owns 20,257 shares of the semiconductor company’s stock valued at $362,000 after buying an additional 1,109 shares in the last quarter. State Street Corp increased its position in shares of Park Electrochemical Corp. by 6.8% in the fourth quarter. State Street Corp now owns 523,949 shares of the semiconductor company’s stock valued at $9,770,000 after buying an additional 33,139 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Park Electrochemical Corp. by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,060,668 shares of the semiconductor company’s stock valued at $19,781,000 after buying an additional 20,390 shares in the last quarter. Royce & Associates LP increased its position in shares of Park Electrochemical Corp. by 3.0% in the fourth quarter. Royce & Associates LP now owns 2,871,634 shares of the semiconductor company’s stock valued at $53,556,000 after buying an additional 84,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Park Electrochemical Corp. by 0.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 807,855 shares of the semiconductor company’s stock valued at $15,066,000 after buying an additional 6,774 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock. About Park Electrochemical Corp.

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