Park Electrochemical (NYSE:PKE) had its price target boosted by investment analysts at Needham & Company LLC to $24.00 in a report issued on Friday, January 5th, The Fly reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 5.91% from the stock’s previous close. The analysts noted that the move was a valuation call.
Separately, Zacks Investment Research upgraded shares of Park Electrochemical from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th.
Park Electrochemical (PKE) opened at $22.66 on Friday. The company has a current ratio of 19.23, a quick ratio of 18.39 and a debt-to-equity ratio of 0.37. Park Electrochemical has a fifty-two week low of $16.00 and a fifty-two week high of $23.58. The stock has a market cap of $458.58, a price-to-earnings ratio of 90.64 and a beta of 0.89.
Park Electrochemical (NYSE:PKE) last released its quarterly earnings data on Thursday, January 4th. The semiconductor company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $28.50 million. During the same period in the previous year, the firm posted $0.10 EPS. analysts forecast that Park Electrochemical will post 0.37 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its holdings in Park Electrochemical by 57.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,986 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 2,545 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Park Electrochemical by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,140 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 2,650 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in Park Electrochemical by 7.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,480 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 780 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Park Electrochemical by 13.6% in the 2nd quarter. Voya Investment Management LLC now owns 13,071 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 1,561 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Park Electrochemical in the 3rd quarter valued at about $254,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.
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Park Electrochemical 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.
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